From the time we are little children we are taught "Right from Wrong". As you grow older you know the difference...you get that feeling deep in the gut of your stomach or you hear that "little voice" in your head. But you know the difference. It's about being Honest, Ethical, Trustworthy, having Integrity, Morals and just doing the "Right" thing.
Over the past few years I have become outraged at some of the things I have seen and heard. Years ago I would have just ignored them but as I grow older they really bother me. Especially, now that we will be footing the bill for the Fannie Mae, Wall Street mess. I do the "Right" thing and I foot the bill for the ones who do "Wrong". It's just not right.
Below are some of my Pet Peeves and some are political.
- Near the top of the market we saw people getting bogus appraisals, pulling tons of equity out and then foreclosing on their homes. Many moving out of state. Isn't this like robbing a bank?
- How about the people that bought a new home, pulled all the toilets, sinks, doorwalls, light fixtures and more out of the home then foreclosed on it. Isn't that stealing?
- We saw a lot of people buying homes they could Never ever afford, living there a year never even making a payment then foreclosing. That's just down right robbery.
- What about the people that did not make their payments, blamed the bank, then broke mirrors and light fixtures, put holes in the walls, put graffiti every where and then ran the water. Isn't that Vandalism?
- Some of the foreclosures we are seeing today were from "Straw Buyers". They basically over sold the property pulled the cash and then foreclosed. Again robbers or crooks.
- The ones that really get me are the people who lived Way beyond their means and bought big screen TV's, Prada, Gucci, Louis Vuitton then filed bankruptcy and foreclosed. Why should I foot their debt?
- Then there's the people that thought they were the next Robert Kiyosaki. They bought investment homes with no money down, forging docs to get loans they never should have had. Leaving no money for repairs, vacancies or higher taxes. Then foreclosing and leaving their mismanagement to us.
- Where do all our taxes go anyway? Why does the government need more? Well it's simply we have the "Good Old Boys" in congress. They do not work for us they work for the "special interest groups". They spend our money while we cut back on food, utilities, gas, clothes. Want to get sick? Check out Citizens Against Government Waste. It's all about Greed.
- The Fannie Mae mess really upsets me. But what upsets me more is what did not happen to Franklin Delano Raines. He walked away a rich man, did NO time and Fannie Mae paid a $400 million fine after he left. Just who do you think paid for that?
- How about Movie Stars, Sports Players, Singers, Broadcasters ect keeping their political views to themselves. If I want liberal I'll turn on MSNBC if I want conservative I'll turn on Fox. Are they not business owners too? Do they ask what party you represent when you go to a concert, buy an CD or go to the show? As a business owner I do not talk politics with my clients. I add it to the Fair Housing Act of 1968 list. They should too.
- Speaking of Politics. Can we Quit the mud slinging or "Smear Campaign"between McCain and Obama. As a business women I tell my clients what I will do for them. Not what the other agent will do Wrong. To me it shows inability to lead.
Again you know Right from Wrong. Sure we have all seen people loss their jobs, have health issues and get transferred. But way to many people simply walk away from their responsibilities because they can. It seems like the flood gates have opened. I work harder now that I did years ago and it seems like sometimes I am swimming against a current. But I would Never Ever think of doing something Wrong and making others pay for my mistakes. It's time we all step up to the plate and Demand people start to do the "Right" thing.

Ed and Cindy, the first couple years of our market slowdown I saw many economic issues (foreclosures based upon the loss of jobs here in Michigan).
My heart ached for those people, and still does.
The last year or so however I'm witnessing a different type of seller: Greed. Home declines in value and they want to jump ship.
This sickens me, as it does you. When people walk away from a home simply because it declined in value it affects the whole neighborhood. They just don't care.
Right or Wrong. How simple and yet how powerful.
I'm hearing a lot of responsible people talking the same way. We are tired of working hard to pay our bills, then having to work harder to pay their bills on top of ours. Unfortunately, I don't have a positive feeling about the solutions being conjured. Sure we can bail everybody out, but what's left at the end of the day. I'm reminded of a book I read back in the 70's and re-read a couple years ago ~ Atlas Shrugged by Ayn Rand. It speaks of what happens when the brains of a society decide NOT to take it anymore and leave, no more contributions into the social structure. Every day I tell myself there must be a better way; some decisions are difficult to make. I feel really bad for the young people today who will be footing the bill long after I'm gone. What a bloody mess! Why am I not surprised? I could go on but I'd be preaching to the choir ;-)
Good post, but some will probably not agree...oh well
Kris you are right about the last year I have seen this more and more.
Gail I agree the solution is wrong. It's like rewarding bad behavior. I am going to get that book. Thanks