In my personal opinion the only way to stop the drastic rate of foreclosed homes across America is to start at the root of the problem, the retail and their greed to the consumer and their over indulgence. My plan is to lower the cost by reducing greed and increase the wisdom of the consumer and to install the idea of buying practical not egotistical.
The retail side of the industry, the construction outfits and the banks, are so caught up in living the “American Dream” of wealth and sloth that they scourge every last dollar so they can see their profits double or triple each year. The supply companies are at fault as well. Suppliers are still sick with greed and drive their prices up and lower the quality trying to match competing corporation prices. It seems to be no one likes the “honest and dependable approach” to manufacturing these days.
The construction outfits that purchase the products at the exaggerated rates then use the supplies which ever they may be. For every supply that is used the company will increase the rate again, not only for workers and bills, but for highest profit possible as well. Then there are all the waste materials. Everyone has seen the rather large construction dumpsters over flowing with good material. Instead of trying to use all they can construction companies will trash the good materials and make the consumer pay for it at the companies prices which is nearly double the price it was first purchased. We see this by looking at the price of the home, many homes cost in the upper hundred thousands when we all know that the home did not cost that much to build.
Once the structure is finished and ready for a family to move in and call it a home, it is placed on the market by a real -estate agency and once again the price is raised because the agency wants its share and to get the maximum profit possible. While adding all the fees sub charges and taxes making sure every thing is better on their side of the bargain they are completely overwhelming the consumer.
The eager young couples who love the home then take their dreams of owning their first home to start a family to the bank of their choice. The catch here is the banks are in competition with each other, however, they are not out for the interest of their potential customers; they are interested in the amount of money they can take from them with out the consumer leaving the office. The banks will let the consumer purchase a house with no knowledge of just what they are getting them selves into, tell them there is a way of owning and luring the consumer in like a trout. The banks are carefully hiding fees and charges by contracts that are worded by an articulate lawyer with much better literacy and vocabulary than most people. Finally, the banks then add an extremely high interest rate for two to three decades.
Wow look at the trend, every one with their finger in the bowl is trying a get rich quick approach. If you think I...