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Yes, one word that sums up why this country is losing it's appeal.......................GREED
The basis of why we have so many unresolved problems that are multiplying. Compare how we compensate CEO's versus Europe for example, for what reason does this even seem logical?
Quads and motorcycles, Mercedes and refi for upgrades. It says all we need to know about "values".
Not sure how CEO pay has anything to do with this story. Sounds like their income was primarily dependent on the housing bubble continuing to expand and when it didn't they lost all their toys. Bad planning on their part.
http://http://t.nbcnews.com/business/family-foreclosure-housing-unemployment-8C11036099?source=Patrick.net
And that is why we are in the mess we are in not just real estate.
#housing