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This entry was posted on Monday, March 26th, 2007 at 9:46 pm     and is filed under Flipping, Rants, Sac Real Estate, Subprime Meltdown, True Stories. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “I Thought Flippers Were Out of Business!”

SinCityGr8One Says:
April 11th, 2007 at 5:15 pm
They are total IDIOTS! $12K for an OnLine school? P.T. Barnum said there was a Sucker born every minute!Let them find out the hard way. They’ll get a NOD on their O/O property and someone will pick it up for 75-80 cents on the Dollar. You just can’t feel bad for IDIOTS!

Marc Brinitzer Says:
April 11th, 2007 at 5:26 pm
SinCity,

Unfortunately, you’ve predicted an entirely plausible outcome for these folks. In our haste to assess blame, let’s remember that not all consumers are innocent victims.

In my experience, more are victims of their own desire to hear and believe what they want to hear and believe. Sure, all your friends got 6%, but you get 1% because you’re just so special. What ever happened to common sense?

Catherine Coy Says:
July 1st, 2008 at 2:01 pm
**Sure, all your friends got 6%, but you get 1% because you’re just so special.**

Makes me laugh, but they (the special borrowers) are getting away with it. Such a rebuttal now forms the basis of their defense.

http://www.cnbc.com/id/25461975