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<p>[QUOTE=&quot;chascat, post: 2628835, member: 76792&quot;]I know what you mean... In about 2004 a home builder friend of mine was building a few homes a year for an investor.&nbsp; The investor would rent the homes, then borrow a second against them, go back to the builder, and repeat this process over and over again.&nbsp; In about 2007, I met this guy and be boasted he was up to 21 homes in inventory, all borrowed to the max and rented.&nbsp; 3 years later, the builder told me he was stuck with 3 new homes under const. for the same guy, the escrows all fell apart, and the values of all the other homes were upside down. The economy in this area went down as well, the renters on most of the homes lost their jobs and stopped paying him rents.&nbsp; As of late, I heard, the guy went bankrupt on the whole mess and gave it all back to the banks. This is a prime example of the greed and exploitation by both the banks and the investor.&nbsp; When these mistakes happen, it filters back into the system and we all pay the price.[/QUOTE]</p><p><br /></p>

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