I read the following article in today’s Houston Chronicle:
A reader named, NavyPop, left the following comment on that article:
I personally could not bring myself to profit off someone else misery. Nor would I feel comfortable providing that example to my wife and children. The church took it as a sign from God, really? Give me a break.
All I can say is it’s a good thing that not everyone thinks like NavyPop. Can you imagine the shape this economy would be in if no one profited off other people’s misery?
I would be willing to bet that NavyPop has taken advantage of going-out-of-business sales. Isn’t that profiting off someone else’s misery?
Lest you think I’m a cold-hearted capitalist, I do feel for those who lost their homes. I really do. But, the bottom line is that if you can’t afford to keep your house, you have to let it go.
That’s why I like foreclosure auctions. It’s a good way to clean out the existing inventory and get it into the hands of people who will use it. It makes sense.