01-17-2009, 12:11 PM
"...should..."?
It can be easy to be smug and say, "you bought in, you take the risks." And, that is what ultimately happens. [btw: we sold equities in Sept 2007 just before the peak and bought real estate at 25 - 40 % discount in mid and late 2008. We took the risk.]
On the other side, it is a bit preachy to talk about what people "should" be able to do.
Someone must absorb the risk and that can mean a long time waiting. Who should absorb the risk? The community-at-large because a few lenders and borrowers are not prepared to? That is a hard line to sell.
James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park
It can be easy to be smug and say, "you bought in, you take the risks." And, that is what ultimately happens. [btw: we sold equities in Sept 2007 just before the peak and bought real estate at 25 - 40 % discount in mid and late 2008. We took the risk.]
On the other side, it is a bit preachy to talk about what people "should" be able to do.
Someone must absorb the risk and that can mean a long time waiting. Who should absorb the risk? The community-at-large because a few lenders and borrowers are not prepared to? That is a hard line to sell.
James Weatherford, Ph.D.
15-1888 Hialoa
Hawaiian Paradise Park