June 20, 2007
Explains why they hate HP (and life) so much right about now.
They've lost their careers to the crash, and they've also lost everything.
Like a cocaine dealer who uses cocaine. Not pretty.
Many of the investors were well-off real estate professionals, riding the wave of the housing boom, as well as middle and upper-income families with good credit and cash to invest.
Their dreams of getting rich quick have been replaced by fears of losing a great deal of money as prices started plunging.
Rather than take the risk of suffering sizable losses in a protracted housing downturn, some investors have stopped paying their loans and turned their properties over to the bank to be auctioned off.