Quote:
Originally Posted by raeanna74
The only "housing crises" was in California, Florida, and the East Coast. The biggest reason being, over-pricing, going on by Appraisers who worked for lending companies. Appraisals were being made to more than double the actual building cost of the homes just so people would 'qualify' for a large enough loan (again predatory lending)...
I could name dozens more, right down to all Americans forgetting the lessons of the depression. Not building safety nets, not living within their means, and not planning for the future.
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Unbelievable that there aren't reasonable guidelines for appraisers. They control so much of our economy...
I know I probably wouldn't have had to run my credit up for groceries and car repairs if rent prices weren't so disproportionately high