I also posted this in the creative finance section. Its a tough one. Was wrapping involved – I dont know.
I suppose a free market economy expects a person to be rewarded for his efforts. But at the same time we dont expect people to be ripped off at their expense so someone can gain a very good profit.
Really what value did that company add to the process. They merely found a naive person and sold them a house at an inflated price they bought after they sold it to her. They added no value to our society so there behavior should not be sanctioned.
Hi,
Whether this was a wrap or not, the way it was handled was totally unprofessional and disgraceful. She should have been given unbiased legal advice.
I feel glad that the woman got her money back, and I hope it makes others think twice about ripping people off, just because they can!
She may not be too bright, but at least she was smart enough to get back at them!
Del
Seems it was vendor finance
Previous article http://www.theage.com.au/articles/2003/11/28/1069825986321.html?from=storyrhs&oneclick=true
Planing
Hi again,
After reconsidering my first post on this topic, I feel that I jumped in and assumed that the newspaper article was totally correct.
As we all know, media can alter the story by only publishing a very one sided view of things at times!! Just think about Today Tonight & A Current Affair. The battler is always so hard done by….[strum]
All I can add, is that I am neither for or against wraps, but I hope that there will be some proper regulation brought in soon, to protect ALL parties concerned.
Del
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