Pages: 1

 

2009-05-28 10:27:25
ATG
Banned
+5,233|6830|Global Command
One in eight should have planned better. Losers.

http://www.reuters.com/article/topNews/ … mp;sp=true

"We clearly haven't hit the top yet in terms of delinquencies or the bottom of the housing market," Jay Brinkmann, the association's chief economist, said in an interview."
2009-05-28 10:37:23
cpt.fass1
The Cap'n Can Make it Hap'n
+329|6997|NJ

ATG wrote:

One in eight should have planned better. Losers.

http://www.reuters.com/article/topNews/ … mp;sp=true

"We clearly haven't hit the top yet in terms of delinquencies or the bottom of the housing market," Jay Brinkmann, the association's chief economist, said in an interview."
Thank god they dropped rates, well for no one.. It's fricken hard to get a mortgage now a days.. I"m broke.
2009-05-28 10:38:41
King_County_Downy
shitfaced
+2,791|6898|Seattle

Hard to pay your mortgage when you have no income...
Sober enough to know what I'm doing, drunk enough to really enjoy doing it
2009-05-28 10:55:47
Bertster7
Confused Pothead
+1,101|6882|SE London

King_County_Downy wrote:

Hard to pay your mortgage when you have no income...
But if you are marketable and have skills you are guaranteed an income (it must be true - I heard it on the Internet). So no problems there.

Must just be deadbeats. So what's the problem?

2009-05-28 11:20:27
Pug
UR father's brother's nephew's former roommate
+652|6843|Texas - Bigger than France

Bertster7 wrote:

King_County_Downy wrote:

Hard to pay your mortgage when you have no income...
But if you are marketable and have skills you are guaranteed an income (it must be true - I heard it on the Internet). So no problems there.

Must just be deadbeats. So what's the problem?

Yeah that's exactly what he meant.

Obligatory smiley
2009-05-28 20:50:09
Dilbert_X
The X stands for
+1,817|6407|eXtreme to the maX
One in eight should have planned better. Losers.
Uh didn't you nearly lose your house?
Fuck Israel
2009-05-28 20:52:47
Macbeth
Banned
+2,444|5886

Dilbert_X wrote:

One in eight should have planned better. Losers.
Uh didn't you nearly lose your house?
SARCASM.
2009-05-28 21:01:16
Kmar
Truth is my Bitch
+5,695|6901|132 and Bush

Business has certainly picked up for me compared over the last year. That is of course relative to utter shit.
Xbone Stormsurgezz
2009-05-28 21:03:38
ATG
Banned
+5,233|6830|Global Command

Kmarion wrote:

Business has certainly picked up for me compared over the last year. That is of course relative to utter shit.
Little steps. I actually had normal gross revenues last month. This month will finish 50% off.

50% off is up on average over the last year.
2009-05-28 21:17:10
Kmar
Truth is my Bitch
+5,695|6901|132 and Bush

It's still a bitch to get a loan.. while they may be lending more, I haven't had a smooth closing in a very long time. I'm supposed to have a closing tomorrow and the lender called me today to tell me that the underwriters wanted all of the receipts for every improvement done to the house over the last 2 years.. wtf, they call me the afternoon before closing for this? The buyer is mine but his lender is a total douchebag.. it's nearly impossible to get him to call me back. .. which in this market blows my mind.

Two weeks ago I had a similar situation on a short sale... ended up closing it after 7PM on a friday night. We had to pull tooth and nail to make it happen. The reasons it was being held up were pathetic. I felt like they were intentionally trying to fuck it up.. which they very well may have been.
Xbone Stormsurgezz
2009-05-28 21:17:18
lowing
Banned
+1,662|6952|USA

Bertster7 wrote:

King_County_Downy wrote:

Hard to pay your mortgage when you have no income...
But if you are marketable and have skills you are guaranteed an income (it must be true - I heard it on the Internet). So no problems there.

Must just be deadbeats. So what's the problem?

Well by definition, if you are MARKETABLE and have SKILLS that companies want, how can you NOT have a paycheck.

Employers want you are they don't. IF you have skills that were once marketable and now are not, then you are no longer marketable. How does this not make sense, or how can you deny it?
2009-05-28 21:26:24
ATG
Banned
+5,233|6830|Global Command
So, one in eight homeowners is unmarketable.

Sounds srs.
2009-05-28 21:34:15
lowing
Banned
+1,662|6952|USA

ATG wrote:

So, one in eight homeowners is unmarketable.

Sounds srs.
If they are not being hired, then it stands to reason their skills are not needed or wanted, hence not marketable, correct? I mean with all PC aside
2009-05-28 21:34:34
S3v3N
lolwut?
+685|6819|Montucky
I bought my house for 120,000.  A four bedroom, 2 bath unit (split level which kinda pisses me off) A 2 car garage in the back.

After all the back breaking hard work, remodeling, fighting with my ex wife in court over the house.  (she wanted to keep it, and have me make 100% of the payments.. the judge laughed in her face BTW) I got it appraised and is now worth 280,000. 


I've debated about putting it up for sale but with the way the economy is now, i'm better off having a roof over my head.





@ at the OP.  I don't understand how 12% equals one in eight.   I mean are they talking 12% of the U.S.? that is a fucking minute figure.  or just in one area, how big is that area?

for my mathmetical engineer brain, I don't have enough maths to make a fair judgement.
2009-05-28 21:39:59
ATG
Banned
+5,233|6830|Global Command

lowing wrote:

ATG wrote:

So, one in eight homeowners is unmarketable.

Sounds srs.
If they are not being hired, then it stands to reason their skills are not needed or wanted, hence not marketable, correct? I mean with all PC aside
lol. Simple answer is there is no simple solution.

S3v3N wrote:

I bought my house for 120,000.  A four bedroom, 2 bath unit (split level which kinda pisses me off) A 2 car garage in the back.

After all the back breaking hard work, remodeling, fighting with my ex wife in court over the house.  (she wanted to keep it, and have me make 100% of the payments.. the judge laughed in her face BTW) I got it appraised and is now worth 280,000. 


I've debated about putting it up for sale but with the way the economy is now, i'm better off having a roof over my head.





@ at the OP.  I don't understand how 12% equals one in eight.   I mean are they talking 12% of the U.S.? that is a fucking minute figure.  or just in one area, how big is that area?

for my mathmetical engineer brain, I don't have enough maths to make a fair judgement.
Well, 10% of 80 would be 8.


12% foreclosure rate is huge.
2009-05-28 22:06:44
lowing
Banned
+1,662|6952|USA

ATG wrote:

lowing wrote:

ATG wrote:

So, one in eight homeowners is unmarketable.

Sounds srs.
If they are not being hired, then it stands to reason their skills are not needed or wanted, hence not marketable, correct? I mean with all PC aside
lol. Simple answer is there is no simple solution.

S3v3N wrote:

I bought my house for 120,000.  A four bedroom, 2 bath unit (split level which kinda pisses me off) A 2 car garage in the back.

After all the back breaking hard work, remodeling, fighting with my ex wife in court over the house.  (she wanted to keep it, and have me make 100% of the payments.. the judge laughed in her face BTW) I got it appraised and is now worth 280,000. 


I've debated about putting it up for sale but with the way the economy is now, i'm better off having a roof over my head.





@ at the OP.  I don't understand how 12% equals one in eight.   I mean are they talking 12% of the U.S.? that is a fucking minute figure.  or just in one area, how big is that area?

for my mathmetical engineer brain, I don't have enough maths to make a fair judgement.
Well, 10% of 80 would be 8.


12% foreclosure rate is huge.
Don't have a simple solution. I can tell you, that I have friends that lost their jobs as aircraft mechanics in a small town, they have marketable skills, and some are taking those skills elsewhere, others who have the same skills recognise that those skills are not marketable in that town. Unwilling to move for various reasons, they are cross training into other career fields. A simple solution nope, but a solution none the less.
2009-05-28 22:15:37
Kmar
Truth is my Bitch
+5,695|6901|132 and Bush

ATG wrote:

12% foreclosure rate is huge.
We do not have a 12% foreclosure rate... that is huge.
Xbone Stormsurgezz
2009-05-28 22:20:54
ATG
Banned
+5,233|6830|Global Command

Kmarion wrote:

ATG wrote:

12% foreclosure rate is huge.
We do not have a 12% foreclosure rate... that is huge.
Okay, 12% are in foreclosure or late, in delinquency, in arrears, behind, lollygagging or otherwise being turnips.
2009-05-28 22:24:52
Kmar
Truth is my Bitch
+5,695|6901|132 and Bush

ATG wrote:

Kmarion wrote:

ATG wrote:

12% foreclosure rate is huge.
We do not have a 12% foreclosure rate... that is huge.
Okay, 12% are in foreclosure or late, in delinquency, in arrears, behind, lollygagging or otherwise being turnips.
Well, it is an important distinction.
Xbone Stormsurgezz
2009-05-28 22:26:25
ATG
Banned
+5,233|6830|Global Command
Still hee-youge
2009-05-28 22:35:39
Kmar
Truth is my Bitch
+5,695|6901|132 and Bush

Not good.. but nobody thought we would see any sort of a turn around until late this year.

We have seen some signs. Even if it's small its better than all bad I guess.
Xbone Stormsurgezz
2009-05-28 22:54:17
S3v3N
lolwut?
+685|6819|Montucky
12% of the American Home Owning Population is fucking tiny.  Like spec of dust tiny.

And that whole 1 in 8 thing is fucking terrible for reasoning..

1 in 8 people have aids..  So get 8 of family members.. 1 of them has aids.

MY ex wife tried that shit becaue she read some fact that 1 in 3 people has Herpes.. So in the room was myself, her and my son.  I didn't have the Herpe.. My son doesn't have the Herpe.. my now ex-wife as the herpe.




fuck.

Last edited by S3v3N (2009-05-28 22:54:32)

2009-05-28 23:26:35
Macbeth
Banned
+2,444|5886

S3v3N wrote:

12% of the American Home Owning Population is fucking tiny.  Like spec of dust tiny.

And that whole 1 in 8 thing is fucking terrible for reasoning..

1 in 8 people have aids..  So get 8 of family members.. 1 of them has aids.

MY ex wife tried that shit becaue she read some fact that 1 in 3 people has Herpes.. So in the room was myself, her and my son.  I didn't have the Herpe.. My son doesn't have the Herpe.. my now ex-wife as the herpe.




fuck.
1 in 3 people have herpes?!
2009-05-29 01:27:53
JahManRed
wank
+646|6929|IRELAND

ATG wrote:

Kmarion wrote:

Business has certainly picked up for me compared over the last year. That is of course relative to utter shit.
Little steps. I actually had normal gross revenues last month. This month will finish 50% off.

50% off is up on average over the last year.
Things are taking an upturn here too. The banks are lending to first time buyers again which means the bottom rung properties are shifting and Pol can upscale. I seen 4 removal vans in one housing estate this morning all houses with sold signs up. Was talking to a guy from the Master Builders Institute and he says that no more construction workers are being laid off. Its bottomed out. So reaching the bottom is a good thing.

I may be alittle early saying this and it pains me to admit it, but it looks like Brown has done a reasonable job in stimulating the economy. I can see an end in sight.

Filed a Property Developers 6 companies for bankruptcy last week over a 3year £17 000 debt and I am going to hammer out a deal with him today. If I get 7-10 grand  ill be happy. So either ill be in the bar with a cheque later or ill be filing court papers..............

 

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