Everything gets inflated," William answered."I still don't see it," Lucy said with a frown. As far as she was concerned, there were always deals that could be found.William said, "Let's say that the average home purchaser buys a house once every twenty years. When they are ready to buy a new house, they sell their old house. A speculator might buy and sell twenty houses a year. That makes them equivalent to four hundred regular buyers. Even though they may constitute a small percentage of the buyers, they are effectively as much as a quarter of the actual market. That has a big effect when the goal is making money rather than buying a nice home." I didn't think about it that way," Lucy said."They will also account for a major portion of the bad debt because it really isn't backed up by much beyond the properties they owe mortgages on," William said."Depending on the size of the debts, that could really put a squeeze on the banks," Lucy said.Nodding his head in agreement, William. The cop didn’t respond to her, looked at Emma, “Can I see your drivers license too?”, Emma gave hers too.He looked at our drivers licenses, and said “Emily, you are 19 and Emma is 18, right?” We nodded.“Since you are adults, I will charge you, Emily, with reckless driving because you were driving over 100 miles per hour, punishable with a fine of $1000 dollars, revoking your driver privileges, and putting you in the jail up to one year. Emma, you will be charged too because you were an accessory to Emily’s crime”We started shaking and crying. “Pleaseee, pleaseee officer, please forgive us, I swear I was going at speed limit officer, pretty pleaseeee”, Emily said.“Yes, officer we were going at normal speed, please let us go”, Emma said sobbing.The cop pulled his gun, and shouted “both of you! get out of the car! put your hands on the car and spread your legs!” Emily and Emma complied.He handcuffed both girls, “I will now search you for any drugs or weapons!”. He started with Emily,.
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