Regarding the series "Housing in turmoil" (Oct. 28-30): I have no sympathy for anyone involved. Everybody's guilty of one thing: greed. Mortgage brokers lending unqualified buyers and owners more than they can afford based on "future price appreciation" is ludicrous! And for those same homeowners to keep refinancing to buy more toys is even worse.
Seems like everyone involved in those type of fiascoes will get what they deserve. And it seems no one has really learned any lessons; people who paid $100,000 still holding out for $300,000, etc. No worries, though, because in our great country no one is ever held responsible for their actions. There's always an escape hatch.
The little article that said you can drag out the foreclosure process for up to two years was key. If you can't pay, don't. Stay there until they throw you out. By then housing will have recovered, and there will be another greedy lender willing to "get you into a house" regardless of your past credit history. Ain't America great?
DAVID K. FORD
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