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Housing Bubble Caused by Greedy Capitalists?
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<blockquote data-quote="zubenelgenubi" data-source="post: 5300714" data-attributes="member: 63706"><p>I over paid $20k for my house due to being young and inexperienced, having a bad realtor, and the beginning of the bubble leading to the crash in 2008. We had looked at several houses, all slightly above my price range, and my realtor was pushing me to buy stuff I couldn't afford. Even being young and inexperienced, I knew not to overspend on a house. And even though I paid more than our house was worth, it was still in my budget. If I couldn't find one, we wouldn't have bought a house here.</p><p></p><p>People nowadays are looking at spending $200,000 more than the houses are worth and probably $300,000 more than they can afford. It starts and ends with the consumers making rational choices. But that does get more difficult when they get advisors who stand to benefit from their bad choices.</p></blockquote><p></p>
[QUOTE="zubenelgenubi, post: 5300714, member: 63706"] I over paid $20k for my house due to being young and inexperienced, having a bad realtor, and the beginning of the bubble leading to the crash in 2008. We had looked at several houses, all slightly above my price range, and my realtor was pushing me to buy stuff I couldn't afford. Even being young and inexperienced, I knew not to overspend on a house. And even though I paid more than our house was worth, it was still in my budget. If I couldn't find one, we wouldn't have bought a house here. People nowadays are looking at spending $200,000 more than the houses are worth and probably $300,000 more than they can afford. It starts and ends with the consumers making rational choices. But that does get more difficult when they get advisors who stand to benefit from their bad choices. [/QUOTE]
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