I live in Phoenix in the fastest growing county in the US. Wouldn’t all these suffering investors be shocked to learn that we don’t even know a thing about their problems much less feel a money pinch?
All those people moving out of their McMansions are just moving back into the apartments they had before. They just had a fun time living in a big house for a time.
You should talk with my sister. She loves to go on about McMansions. I never heard the word before. She goes on about the Toll Brothers and how they built them with large high ceiling front living rooms. I’ve never been in one
Toll Brothers- now in financial trouble. The brothers were selling stock like crazy before the worst hit
COUNTRYWIDE- Pres. Angelo Mozilo paid himself 140 million and also sold lots of stock while he had Countrywide doing large stock buy backs