The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (114633)	4/3/2008 7:24:32 PM
From: Roads End	Read Replies (2) of 306849

I just did the same.... I just read this afternoon of the bill rushing through the senate designed to bail out home builders and by extension, their banks. I strongly opposed this action for many reasons but ultimately it renders down to a moral one. Handing out money to the very people that gamed the housing market profitably for the past 5 or 6 years strikes me as immoral. Don’t get me wrong, I’ve spent 30 plus years in housing industries, particularly forest products, and have suffered many harsh economic down turns. Every one of them was painful and there were casualties as a result. There were survivors in every down turn typically the diligent, conservative, and responsible. For the most part the ones not surviving deserved to fail due to their poor business practices and excessive risk taking. Please do not go down this path. Rewarding profitable enterprises that find themselves on hard times penalizes the responsible and rewards the irresponsible and is quite simply immoral.

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