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Real Estate Problems are Rather Defined

California, Arizona, Nevada, and of course Florida account for half of all foreclosures and those states hold half the mortgages in the US. It is any coincidence that the State of California is also broke, see previous post? It has been suggested that we put the troubled bank assets in a special fund, perhaps we could do that with these states….Speculation ran rampant in all four, now wonder. 

Now wait a minute, why are all the states having to pay for these four when they account for half the problem, just wondering…
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One response to “Real Estate Problems are Rather Defined”

  1. Yovela Rico Avatar
    Yovela Rico

    Perhaps the consequences are greater to not pay than to pay. As the “United” States of America, shouldn’t we help bail them out. As I read chapter 1 in ethics, I wonder isn’t it morally correct to do the right thing and do onto others as you would have done onto you? I was always taught this when I was growing up but, of course not everyone feels the same way.

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