Tag: shadow inventory
Banks are Destroying America’s Neighborhoods Part 2 – Response to Comments
Wow – I never expected that my post about Banks Killing America’s Neighborhoods would attract so many readers. I want to thank Daniel Roth for highlighting my thoughts on LinkedIn. I also really appreciate all the comments that were left here on my blog and on the LinkedIn Residential Real Estate discussion board. I’ll try [...]
Banks are Destroying America’s Neighborhoods
I read an excellent piece this morning in the New York Times written by Greg Smith about why he was leaving Goldman Sachs. In short, he says it’s become too sleazy as short-term profit motives are now trumping all other considerations. In the past 2.5 years I’ve been investing in real estate in my home town [...]
