Foreclosure vs. Personal Morals

**jasonthoele** · 11-28-2009, 12:23 PM

It seems foreclosures are no longer a morale issue; people are being smart and treating it as a business decision, weighing out the pros and cons. With that being said there will be many more foreclosures on the horizon.

http://www.latimes.com/classified/re...Estate+News%29

**Grace Pollock** · 12-22-2009, 05:26 AM

If you need moral justification to buy real estate at a foreclosure auction,then consider the fact that the more people spend on real estate, the higher the market will climb. By buying at a more reasonable price you will, at least, be doing less to inflate the market. That is, of course, if you need moral justification. With real estate prices already relatively high in even the most depressed market, it is quite enough justification for most that buying in a foreclosure auction is the only way they can afford to own property without financially over reaching themselves

**PreviewOrangeCounty** · 12-22-2009, 10:28 PM

Yeah, I have had conversations lately about the morality of buying foreclosures and short sales with a few investors I am working with.

The bottom line is in a free trade economy there is always an imbalance

**jstevenson** · 12-23-2009, 08:16 AM

I don't see a moral problem with buying foreclosure, on a contrary it's the right thing to do to bring the RE market to a balance and make it more affordable for everybody.

One thing I consider immoral is central banks fixing interest rates artificially low, and robbing savers and people on fixed income in the process.