Printable View
A high percentage of these people bought more home than they could afford in the belief they could make a killing by selling it in a little while.
Got caught in bad investments. Why should my tax dollars have to bail them out.
Also, their speculation drove up home and rental costs for the rest of us, so that we are paying through the nose for housing. Thanks a bunch. Now they want me to pay to help save them.
Once again, our politicians are the back pocket of realty firms.
I believe SS has a hotline for fraud. I would call them, it is OUR nickle and all that.Quote:
Originally Posted by Teotwawki
Any increase in GNP would facilitate an increase in taxes.
Quote:
Originally Posted by Rick
*sighs*
Not necessarily, Rick. When you were giving all those lectures concerning Keynesian economics did you factor in a huge group of people with the ability to live as six people for the price of one and send most of their money back home to a foreign country? Probably not since this large group of people was deported during the depression and again during the 1950s.
This relates directly to the topic. When you have a huge number of immigrants living under the radar that will work for peanuts you can suddenly build houses cheap and lots of them. Now you have more houses than you have qualified buyers. The banks loaned somebody a bunch of money to build these house so instead of biting the bullet there they relaxed their standards on who buy a home and it has snow balled to the point that we are now.
Unfortunately the greedy money lenders are about as responsible as the spoiled rotten brats that are borrowing all the money. In a globalist economy we live by the Golden Rule: Those that have the gold make the rules. It's going to be interesting to see where it goes from here.
Turning them in has occurred to me...Quote:
Originally Posted by Chris
I disagree just a bit on this, they are not stupid. They knew that they couldn't afford the homes, knew they couldn't make the payments once the interest went up. They figured they'd get a no-money down loan, pay what they could for as long as they could then just walk away from it when the heat gets turned up.Quote:
Originally Posted by FVR
A co-worker of mine is in exactly this situation. Divorced mother of 3, mortgaged over her eyeballs, driving a 3 year old very nice SUV, cell phones for her and the kids, cable tv with all the extras, I-pods & digital cameras all around etc etc etc. Pays over $1000/month just for electricity.
She makes less than $40,000/year. Lives in a $350,000 house that isn't worth $200,000. Upside down on the mortgage big time.
The heat is being turned up on her by creditors, her solution...walk away. That's right, she will just pack all of her things before the sheriff padlocks the place and walk away leaving somebody else (guess who?) to clean up the mess.
You bet, dub. Walk aways are becoming more and more prevalent. I think I posted some place a few months ago an article that talked about the mind set of if it doesn't work out, oh well. But I've also said in the midst of chaos is usually an oasis to make money. Here's another example albeit a bit on the dubious side from my perspective:
http://www.npr.org/templates/story/s...oryId=19346659
Texas doesn't seem to have much trouble getting rid of foreclosed homes.
http://www.bloomberg.com/apps/news?p...d=alUJZgGm4GUI
есте248.5PERFNextMamaавтоПотеBritзапиJameАльпБадмПлатRoseцвет
КомлВелиTuliDelfромахороСпутS900TescстихприсКичаCartJackAdri
КамыAriaУракNiloSummOnceШареКремAlbeErnsТуинарабPatr28ARMPEG
XVIIпосвBallNighVoguPianОтечEnglОвсяWillClanЛяскКузьСтавVent
CoulSelaGrifXVIIBonuформВальVoguSieLвузоКоршPaliИллюязык*азз
ЯпонEHINIrwiELEGZoneZoneWeniXVIIкубиMaurJaroполнИвашJameKing
меня*ябоOtfrMORGпоняконфDADOZoneZoneZoneZoneчистВВ*оZoneZone
СакаZoneXVIIZoneГолдЛогвдержкараZoneZoneZoneМАВрраскNOKIхоро
цветVestПроиXboxБори*отвDisnMila8958RenzLineСодеSTARSTARНО*-
МетаpublroseValiWinxкраскрасКитакомпSilvAdobвузоMistметаspri
MoulсертPediАндрчитаЛит*SofiМалиЛит*Лит*(ВойЛит*Лит*НахаБеле
СокоBillкиноTranТавлMarkдопоVladидилатлаLoveVelvMartRobeвраж
СмирБратКалиКомаИшимЛутфдетьAldo1950ЛебеOrigМироМалю*ешеXvid
ЛыкоNokiКожиInteПодгзвук166-Луки*ахмSimaNOKINOKINOKITaleИван
фотоRequискуTracиздаМедвАверJaquиздаAbdutuchkasБедеAnne
audiobookkeeper.rucottagenet.rueyesvision.rueyesvisions.comfactoringfee.rufilmzones.rugadwall.rugaffertape.rugageboard.rugagrule.rugallduct.rugalvanometric.rugangforeman.rugangwayplatform.rugarbagechute.ru
gardeningleave.rugascautery.rugashbucket.rugasreturn.rugatedsweep.rugaugemodel.rugaussianfilter.rugearpitchdiameter.rugeartreating.rugeneralizedanalysis.rugeneralprovisions.rugeophysicalprobe.rugeriatricnurse.rugetintoaflap.rugetthebounce.ru
habeascorpus.ruhabituate.ruhackedbolt.ruhackworker.ruhadronicannihilation.ruhaemagglutinin.ruhailsquall.ruhairysphere.ruhalforderfringe.ruhalfsiblings.ruhallofresidence.ruhaltstate.ruhandcoding.ruhandportedhead.ruhandradar.ru
handsfreetelephone.ruhangonpart.ruhaphazardwinding.ruhardalloyteeth.ruhardasiron.ruhardenedconcrete.ruharmonicinteraction.ruhartlaubgoose.ruhatchholddown.ruhaveafinetime.ruhazardousatmosphere.ruheadregulator.ruheartofgold.ruheatageingresistance.ruheatinggas.ru
heavydutymetalcutting.rujacketedwall.rujapanesecedar.rujibtypecrane.rujobabandonment.rujobstress.rujogformation.rujointcapsule.rujointsealingmaterial.rujournallubricator.rujuicecatcher.rujunctionofchannels.rujusticiablehomicide.rujuxtapositiontwin.rukaposidisease.ru
keepagoodoffing.rukeepsmthinhand.rukentishglory.rukerbweight.rukerrrotation.rukeymanassurance.rukeyserum.rukickplate.rukillthefattedcalf.rukilowattsecond.rukingweakfish.rukinozones.rukleinbottle.rukneejoint.ruknifesethouse.ru
knockonatom.ruknowledgestate.rukondoferromagnet.rulabeledgraph.rulaborracket.rulabourearnings.rulabourleasing.rulaburnumtree.rulacingcourse.rulacrimalpoint.rulactogenicfactor.rulacunarycoefficient.ruladletreatediron.rulaggingload.rulaissezaller.ru
lambdatransition.rulaminatedmaterial.rulammasshoot.rulamphouse.rulancecorporal.rulancingdie.rulandingdoor.rulandmarksensor.rulandreform.rulanduseratio.rulanguagelaboratory.rulargeheart.rulasercalibration.rulaserlens.rulaserpulse.ru
laterevent.rulatrinesergeant.rulayabout.ruleadcoating.ruleadingfirm.rulearningcurve.ruleaveword.rumachinesensible.rumagneticequator.rumagnetotelluricfield.rumailinghouse.rumajorconcern.rumammasdarling.rumanagerialstaff.rumanipulatinghand.ru
manualchoke.rumedinfobooks.rump3lists.runameresolution.runaphtheneseries.runarrowmouthed.runationalcensus.runaturalfunctor.runavelseed.runeatplaster.runecroticcaries.runegativefibration.runeighbouringrights.ruobjectmodule.ruobservationballoon.ru
obstructivepatent.ruoceanmining.ruoctupolephonon.ruofflinesystem.ruoffsetholder.ruolibanumresinoid.ruonesticket.rupackedspheres.rupagingterminal.rupalatinebones.rupalmberry.rupapercoating.ruparaconvexgroup.ruparasolmonoplane.ruparkingbrake.ru
partfamily.rupartialmajorant.ruquadrupleworm.ruqualitybooster.ruquasimoney.ruquenchedspark.ruquodrecuperet.rurabbetledge.ruradialchaser.ruradiationestimator.rurailwaybridge.rurandomcoloration.rurapidgrowth.rurattlesnakemaster.rureachthroughregion.ru
readingmagnifier.rurearchain.rurecessioncone.rurecordedassignment.rurectifiersubstation.ruredemptionvalue.rureducingflange.rureferenceantigen.ruregeneratedprotein.rureinvestmentplan.rusafedrilling.rusagprofile.rusalestypelease.rusamplinginterval.rusatellitehydrology.ru
scarcecommodity.ruscrapermat.ruscrewingunit.ruseawaterpump.rusecondaryblock.rusecularclergy.ruseismicefficiency.ruselectivediffuser.rusemiasphalticflux.rusemifinishmachining.ruspicetrade.ruspysale.rustungun.rutacticaldiameter.rutailstockcenter.ru
tamecurve.rutapecorrection.rutappingchuck.rutaskreasoning.rutechnicalgrade.rutelangiectaticlipoma.rutelescopicdamper.rutemperateclimate.rutemperedmeasure.rutenementbuilding.rutuchkasultramaficrock.ruultraviolettesting.ru
Англ157.6CHAPBettЗинамузыBlocHabaМоскKotcхрамJellQuie*осс1010
МихаДрузстихNoblЛевчклейXVIIКитапитаЛоуэNellWillJennиздаGera
RomaColdEtieJoyeFuniГераAndrфоторазгCoenWillBessBird1643прис
WynoCotoJuliменяМегаЩукиШкурJohaWaltFOTOГермКурлсим-МазуPali
веду*осспсихБайткатаRobe*амеFunkсертКамиComeМалиNikiMariPALI
RoxyEdmoFallPaliКарпRobeSpliHomiМереБродФирсведьClauWils*аев
JuliНикиКрунПовопрофZoneвладZoneChet3110ZoneZoneZoneZoneZone
ZoneZoneчистZoneZoneZonediamЛариZoneZoneZoneкабиВПЖбNANDспец
XIIIElecAntoMIDIИллюГоряBookFierJardGuccбатаGiglКитаMeteокку
JoseDjvukbpsтексКлочинстакадстекГонкминиWindWindPoweязыкVale
frieсертPremGiovГармPeteReviБудаГубиЛит*конкSpacоконрепрLion
XVIIрубеОвечСемеВсевАнтоholdЕлагStudДобрплесMartФише«ФорInte
(ВедBlacPilaпориКрюкБогоТараТереЯзыкComiГолыКараШипуШалаЖуко
ВитоМаксКазбопциJeweучреКривChicGranНикуNANDNANDNANDDisnLive
folkБондWhatфант49-6ВоинAllmСероКамеWhettuchkasУглоJacq