Everybody gets off scot free. The mortgage insurer doesn't have to pay out. The bank doesn't have to honour any conditions. The mortgage broker and their commission is long gone. Oh, the homeowner loses everything. Too bad. They're criminals. It's not like the bank didn't know full well that the claims were fraudulent, isn't it?
Who'd have guessed that the uneducated, unsophisticated, knuckle dragging mortgage mug lied to everyone?
No one in their right mind could blame all those private school, university educated boys for not understanding the collective psychosis of the get rich quick underclass.
Who could properly blame any educated folk for the strange behaviour of the great unwashed?
You mean plebs thought buying a suburban block of land would make them rich, and their accessing stupid amounts of debt based upon that foolish idea is someone else's fault- not theirs!
Who'd have guessed that the uneducated, unsophisticated, knuckle dragging mortgage mug lied to everyone?
No one in their right mind could blame all those private school, university educated boys for not understanding the collective psychosis of the get rich quick underclass.
Who could properly blame any educated folk for the strange behaviour of the great unwashed?
You mean plebs thought buying a suburban block of land would make them rich, and their accessing stupid amounts of debt based upon that foolish idea is someone else's fault- not theirs!
Blow me!
Cool rant bro! You feel better now?
For Aussie property bears, "denial", is not just a long river in North Africa.....
If I ask someone the value of their house which they think is worth $580,000 they will say "about $600,000"
And so it goes - everyone spins a bit of BS, it's not a crime and nor is it a crime to not know the exact value of something or even the exact annual income you are on - if you say you earn about $65,000 and it turns out to be $62,650 how is that a crime.
You are incredibly stupid if you don't understand human nature, or consider that banks have ways of finding out the true value of assets that are taken into account when evaluating a loan application. Most people are pretty close, but when they do err it's usually on the high side, and that is why all details that matter are thoroughly checked.
But don't let facts get in your way, please get straight back into your petty little ad hominin that make you look like a child who just dropped his lolly in the dirt.
It is true that increasing a little amount unto the value of something (it could be your asset) would do no harm unto others. Instead considering how the materials of that something you once bought, the value of the little repairs you once made with the thing you call asset cost now or the value of the changing money currency by today's currency.
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