I have always been amazed at how clever people can be when it comes to making money. Usually cleverness reaches it's peak when someone is out to screw another person out of their money without them knowing it.
Today's example is from the housing market, and it is brought to you by the builders, the same folks that made their fortune selling new homes to people that could not afford them and then got the government to help them for a year by giving people $8000 of our kids money to buy a house just so these idiots would not go bankrupt.
The builders current version of screwing the rest of us is called a resale charge. They have inserted a clause hidden in the bowels of the two thousand pages of paper you get when you close on a house, and that clause says that you owe the builder 1% of the sale price whenever the house is sold for the next ninety-nine years. Not only are they clever enough to screw you, they have found away to screw the future owners of the house almost into perpetuity.
I would love to have the best scientists in the world dissect the brain of the guy that thought up this money maker, and I wouldn't be against them doing it under local anesthesia. We all might learn something about how the clever neurons get connected to the screw your neighbor neurons in cretins.
I don't plan to buy a new home until my next lifetime, but I am now wondering if the house I bought seven years ago has a few clauses that continue after death.
This kind of hidden legal garbage is everywhere. The other day I bought a song off of I-tunes for 99 cents, and I had to agree to their new use policy, which I found out was thirty five pages long when I started to scan down it. I didn't take the time to read it and now I am wondering if the reason my IRA has been going down is because every time I play the song, Apple gets one percent of everything I have.
Boy, the old saying, "Buyers Beware" has reached another level in the age of the money thieves.