Home Foreclosures are the Buyers Fault

Buyers were not dumb, they were wishful and greedy
Did you read your local paper over the past few months and come across an article about a neighbor that is losing or has lost their home, because today in our local paper in Palm Springs, California Logic read about a couple that lost their home and their life savings (75,000.000 dollars) but when one reads between the lines of blame directed at the real estate agent and the mortgage broker and now without trying to point blame at an individual or company, there is the blame it on the system by our own government officials mentality.

So you can clearly see that the couple claims that one of them is legally blind and the other is on dialysis, what dialysis has to do with reading, understanding and signing document papers is beyond me.

What these home owners remind me of is when a down and out celebrity comes onto a talk show blaming everything under the sun for why their lives and careers are dead and gone but at no time does one look into mirror and see what they have done.

If buying a home was easy Logic would have bought ten
Look we can sit here and blame everyone involved in the process. What really went on is the equivalent of what the Diamond Industries, De Beers does to push diamonds or the Travel Industries, Travel Industry Association of America does to push tourism is the National Association of Realtors pushes housing and this is in part to why people bought something they could not afford. I mean when is the last time you were in a department store of a car dealer and they asked you hey do you know you can afford this? No they are there to sell you what ever is not bolted to the floor.

People we all come in contact with sellers each day even Logic who encourages you to invest in Domain Names or sign up and utilize our Email Marketing Service to grow your business because we are all in the business of selling you something a true American way of life today since we really or barely produce any products here in America anymore The Boeing Company excluded.

People need to understand that you are going to more then likely be told and encouraged by sells persons that you just got to have this and you are nothing if you do not own one of these and on and on but what all of this housing market really gets down to is Americans lack of doing their homework.

Then there is the greed factor that why buy a 4000 square foot house or one house when we could buy and 8000 square foot house or buy 3 or 4 houses because these babies are going up every week and in fact they were until the numbers got out of perspective.

There is only one thing that for most American’s was not going up it was their income a major ingredient in the value any property and without the increase in income nothing can sustain a continued upswing. Those growth numbers would require that the medium income rise along with the housing market but it never did and in fact unemployment is rising at an alarming month over month number that can continue sending America into trouble.

Please read our economic forecast for 2010 here it is now in the papers everyday America’s Economic Forecast

Read one more about American’s Saving is bad for Retail here Retail is in a tail spin

If the two articles above about the state of the American Economy do not have you rethinking read our Sales Warning about Flipping It here Sales jobs in America hardest hit

Investing in Real Estate
Like any investment there are risks meaning things that go up and go down so why does America’s tax payers which Logic is proudly one of become responsible for an investment gone bad? If you or I buy a stock it is because we believe it is going up up up and the person that sold that very stock sold it because they thought it is going down down down and as the stock buyer the stock goes down where is the bail out for us? 

Do not buy into the, I misunderstood the paperwork
Look when a person buys a home they are making (in most cases) the largest purchase of their lives and if they truly did not understand what they were reading about the financial obligations and because of the property price why did the property buyer not hire a real estate attorney to advise them and review the obligations unless it was because the property buyer knew the risks and never thought the values would decrease some of the issues an attorney would have questioned and Logic calls this not facing reality.