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Reply #4: "Irrational Exuberance" by all parties involved [View All]

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iquiring mind Donating Member (128 posts) Send PM | Profile | Ignore Tue Jun-24-08 10:58 AM
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4. "Irrational Exuberance" by all parties involved
Speculators looking to get in on the 'action' would pay any price.
Appraisers would sign off on any price as a 'fair market price'.
Mortgage Brokers would forward any application.
Lenders would accept all of this without any question.

All were looking for a quick buck and are now reaping what they sowed.

"Past performance is no guarantee of future returns!!!"
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