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An Antidote to Corporate Media
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Clawback
invite response
2011 Apr 26, 5:06am 15,484 views 126 comments
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klarek
2011 May 6, 1:09am
It’s not the systems fault though–it’s just the seller’s fault. The seller is leaving money on the table. Robert is right… Finally, if you are crying because you can’t get a below market deal–shut up and save the money yourself! There is nothing stopping you from putting in an all cash offer…
Don't disagree at all. If one is to whine that it isn't "fair", they're not wrong, but the answer is of course to come to the table with more money. Just pointing out that the way this kind of system repeats itself, it sort of compounds this problem to where the only people who are compounding their available capital are the flippers.
I'm just looking at it as an economic inefficiency and why flippers don't deserve any sympathy.
tatupu70
2011 May 6, 1:21am
I’m just looking at it as an economic inefficiency and why flippers don’t deserve any sympathy
I agree too--I would definitely not have any sympathy for flippers...
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Should there be a clawback from those who profited during the bubble? My old landlord, a special-ed teacher, had about 7 high-end properties that he sold at the top of the bubble. But his paper gains equal someone else's real losses. I think my biggest gripe is the undeserved gains, whereas most people with losses can be expected to brush it off and get back on the horse.
What percentage of the bubble buyers (pure speculators) won, ya think, and what percentage eventually got their comeuppance?