Take the money out of politics---those greedy f's are already rich ----give it back to the people---build america strong again--not some other country..VOTE VIPR PWR FOR DICTATOR
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Housing Bailout???
- Thread starter Prof
- Start date
Black1
Full Access Member
I think everyone before me has pretty much summed it up .... Lot's of people are in a really bad way right now. But, it's 100% their OWN fault. Oh, the bank told me this... or My mortgage Broker told me that.... BULLSHIT! 
If you took their word as gospel, it's not their fault.
Gaboon had it right... If they "correct" the market now, it will just be MUCH worse the next time.
Sorry, folks, we need a good rec3ession every now and again.... It cleans out the fat.
If you took their word as gospel, it's not their fault. Gaboon had it right... If they "correct" the market now, it will just be MUCH worse the next time.
Sorry, folks, we need a good rec3ession every now and again.... It cleans out the fat.
Black1
Full Access Member
VIPR PWR said:
Dick-Taster, maybe....
sleeper
Full Access Member
I feel like shit..
sleeper
Full Access Member
Thats pretty easy to say if you don't own a home right now.Black1 said:I think everyone before me has pretty much summed it up .... Lot's of people are in a really bad way right now. But, it's 100% their OWN fault. Oh, the bank told me this... or My mortgage Broker told me that.... BULLSHIT!
Gaboon had it right... If they "correct" the market now, it will just be MUCH worse the next time.
Sorry, folks, we need a good rec3ession every now and again.... It cleans out the fat.
Black1
Full Access Member
The real question is.... Do you think the market will:
1. Soar
2. Drop Like a Rock
3. Stay the same
upon the announcement from the President and the Fed today? :dontknow:
This whole bullshit bail out plan isn't to save Americans that were stupid enough to fall for a parlor trick..... It's to bailout the banks that got their OWN balls stuck in the bear trap. :nurse: Do you think our government ACTUALLY gives a SHIT about you and you financial woes? :bebored:
1. Soar
2. Drop Like a Rock
3. Stay the same
upon the announcement from the President and the Fed today? :dontknow:
This whole bullshit bail out plan isn't to save Americans that were stupid enough to fall for a parlor trick..... It's to bailout the banks that got their OWN balls stuck in the bear trap.
:nurse: Do you think our government ACTUALLY gives a SHIT about you and you financial woes? :bebored:
Black1
Full Access Member
sleeper said:Thats pretty easy to say if you don't own a home right now.
You're DAMN right.... I got out of my home 2 years ago (at the top of the market
)... I have been renting for 2 years. I could have got a "GREAT" deal on a ARM or a Sub-Prime .... I chose not to buy again, until the market works it's self out.
I believe the market will get worse before it gets better----I also believe that the banks are in bed with the government or vi-s-versa, and no the government doesn't give a crap about anyone that doesn't pad there pockets...
sleeper
Full Access Member
You must be smarter than most.
Kevan
Full Access Member
"Freddie Mac" and "Fannie Mae", two of the largest lenders in the US, are govt. owned.VIPR PWR said:
Black1 said:The real question is.... Do you think the market will:
1. Soar
2. Drop Like a Rock
3. Stay the same
upon the announcement from the President and the Fed today? :dontknow:
This whole bullshit bail out plan isn't to save Americans that were stupid enough to fall for a parlor trick..... It's to bailout the banks that got their OWN balls stuck in the bear trap.
#2 for the win please chuck.
sleeper
Full Access Member
I'm putting my ranch on the market next mouth. Its already dropped more than 400k. I hope to get out of it with something.:dontknow: Time to move on I guess. This really sucks balls.
Its already dropped more than 400k. I hope to get out of it with something.:dontknow: Time to move on I guess. This really sucks balls.
Prof said:
Good post Roy. I agree. My Dad always told me, "read everything before you sign." ...................Everybody is responsible for themselves period! Read the fine print!
I dont want to pay for dumbass's whom live beyond their means.............let em go broke!!! Loose everything, too bad................learn to save more and spend less.
Too many people believe they deserve it right now..........instead of earning it, which usually takes longer.
patrick
Annu Kumar
Full Access Member
Prof said:
I am foreclosing on 4 homes at on time. I got the Sub prime and they caught up
Black1
Full Access Member
sleeper said:
Actually, the majority of the people in the US are not affected by the "Credit Crunch" directly... It is a big problem in your state, however, because the housing market was/is SO out of control.
Black1
Full Access Member
Annu Kumar said:I am foreclosing on 4 homes at on time. I got the Sub prime and they caught up
It's not smart to foreclose on your houses.... The banks don't want your house, it's the LAST thing they want. If you can't make a deal with your bank, your not working hard enough to do so.
ChrisAZ
Full Access Member
It is certainly going to get worse before it gets better. Brace yourselves folks. We're in for a rough ride. Say it with me. R E C E S S I O N. I'm just glad I have money in the bank right now and I'm in the right business going into a recession.
Mark my words...after the Christmas shopping season is over, it will have been a very bad year for retailers and that will send us right into a recession. I hope I am wrong but I'm pretty sure the recession is right around the corner. For once I want to be wrong.
Mark my words...after the Christmas shopping season is over, it will have been a very bad year for retailers and that will send us right into a recession. I hope I am wrong but I'm pretty sure the recession is right around the corner. For once I want to be wrong.
Annu Kumar
Full Access Member
Black1 said:
It is a Income thing. I make a Lot But I spend 99% of what I make.My monthly expnese are 19,000 and i make 20k. So this is a learning experience for all. Buy what you can afford bottom line>
Annu Kumar said:I am foreclosing on 4 homes at on time. I got the Sub prime and they caught up
Sorry Annu, once again I am at a loss about the meaning of your comment.
"I got the Sub prime and they caught up..."
Does this mean that you financed the homes at sub prime and the purchasers were not able to make the increased payments?
Or...
You purchased the homes at sub prime and are submitting them to foreclosure because you cannot make the increased payments...
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