Distressed homeowners living near Silicon Valley are crying foul.
They’re angry with Anderson Builders because of an auction. Anderson will be attempting to sell off one third of the empty [tag-tec]houses[/tag-tec].
“I will have lost $155,000 in six weeks,” says distressed owner, Randy Brown.
Brown and some of the other owners are not taking it sitting down. They got together and demanded a $20,000 rebate for each owner.
As always, with an article like this, the really interesting part are the readers’ comments. That’s what people like you and me think about it. Many are unsympathetic to the homeowners.
Here’s one of the most intelligent comments.
“Mr. Cantrell, take it like a man.
Don’t be bitter because you bought at the top and don’t blame Anderson homes.
I bought my house at the top in 1989 and felt like an idiot, but I feel like a genius now.
In 20 years, you would feel the same. Unless you took a Option [tag-self]ARM[/tag-self] and you are really hosed.”
That ties in quite nicely with this comment.
“The only downside I can see is that rents will probably go up when all the fools start renting apartments.”
That’s right, and our rents will be soon be rising in Nashville. Just don’t tell our tenants.