an illinois broker notes . . .
Posted by admin on December 29th, 2009
The following is from a Facebook comment posted by an observant Realtor.
(Editor’s Note: I completely understand the frustration of trying to save one’s home and then losing it. However, I can’t understand destroying something you have loved because it is no longer yours . . . years ago I read Nikos Kazantzakis “Serpent and Lily,” wherein when the artist’s lover says she is leaving him, he kills her. That didn’t make sense. Destroying property does not make sense. There HAS to be a way to bring lenders to their knees but destroying homes isn’t, in part because they have insurance for everything.)
“I showed a home just prior to Christmas that, literally, had liquified feces on the wall used as a “writing” tool and aside from some very choice curse words, there was a very solid message to Litton Loan. While the act was irrational on the part of the former homeowner, what is clear is that they got in trouble and didn’t want to leave the home . . . that is the sad reality and I’ve seen dozens of home where the person being foreclosed on ceases to care and seeks to destroy out of anger and frustration.
“The issue is deep in this country. I don’t want to walk away from real estate after ten years because I don’t believe that homes and home ownership aren’t the foundation of the economy . . . because I do. I’m ready to hang it up because I don’t know if I can ethically and with a good conscience, tell someone to buy now or even during the course of the next year, without risking losing even more.
“I anticipate that, as long as the Congress is more hellbent on shoving healthcare reform down our throats, and spending trillions of dollars a year on poorly thought out plans that do nothing but devalue our currency . . . then we’re in for a very long, very ugly road as far as real estate is concerned.
“I’d almost rather go work at a job with benefits and a guaranteed paycheck and put aside money until homes are worth half or LESS than they are today.
“Mark my words . . . it will happen and right behind it . . . hyperinflation. All the economic indicators are there and the current administration will make Jimmy Carter look like an economic genius.”
