My Blog

First of all let me say I have agonized for literally months about what to say.  The national media is doing a great job of preaching "gloom and doom" for not only Las Vegas but the entire country.  In addition to that you've got housing doom related websites doing the same to further create mass hysteria in the market.  The reality is everyone has to have a place to live.  Housing is, and will always be, a huge component of the national economy.  Does everyone have to own their own home?  No!  Does everyone have the "right" to own a home?  No!  Is home ownership right for everyone?  No!  Home ownership is not an entitlement and should be taken very seriously.  Home ownerhsip is earned! 

Everyone now wants to blame their mortgage broker or their real estate agent.  I guess if your losing the roof above your head you have to blame someone right?  Of course it has nothing to do with your poor financial decisions, nothing to do with your financial irresponsibility and nothing to do with your unwillingness to accept what you can afford.  God forbid you actually take responsiblity for yourself! 

I have been to many real estate closings and have NEVER witnessed a loan officer, mortgage broker, escrow agent or a real estate agent forcing the buyer to sign those documents.  No guns were used, no alcohol was served and the buyer still signed!

I am not saying bad things don't happen to good people.  There are personal disasters that occur in families everyday.  Loss of job, loss of life, illness, all of those things are understandable because that's life.  What is NOT acceptable is you getting the teaser rate for a period of time, further damaging your credit with those new cars in the driveway and the house full of new furniture bought on credit when whining about your rate adjusting when all you had to do was refi into a fixed rate!  I have little tolerance for those whiners. 

I think this mortgage meltdown is LONG overdue!  We haven't seen the tip of the iceberg.  Let me hear your thoughts...