Honestly, I don’t think there’s anything more here than people feeling more emotional about housing than other forms of wealth. Had Hannity railed against Bush for crashing the stock market while buying up depressed equities would anyone really care? It’s just good business to buy low and sell high. Actively manipulating the value of the assets on the other hand, like a stock pump and dump or actually causing foreclosures via mortgage fraud IS criminal, not just immoral.
Full disclosure: I’ve bought property both high and low. I don’t think buying high is any more moral than buying low, I had nothing to do with the pricing of these properties.
And if you guys think that $100k is cheap, you have no idea what was going on out there in flyover country in the last decade. There were many houses selling for under $20k in TX and elsewhere. Many investors with cash were snapping them up by the dozens.
