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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (160425)10/27/2008 11:32:22 AM
From: Hoa HaoRespond to of 306849
 
In our conversation, he spreads the blame liberally, even pointing to customers, saying it wasn’t the builders’ fault that banks made foolish loans and people took them, knowing full well what their incomes were:

“What cracked the market was not just our greed but the greed of our buyers.”

Yeah right... does anybody think that a builder was going to use a banker with old fashion lending criteria??


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