Self ownage catch phrase tbhusmarine wrote:
if you say so
Wait behind the line ..............................................................
erm? i gave my opinion. he has his. nothing more to say. what do you want? drone on for 10 pages repeating myself like a typical lowing thread?Varegg wrote:
Self ownage catch phrase tbhusmarine wrote:
if you say so
Would it be so dangerous to admit you are wrong from time to time ... or does that question your manhood?usmarine wrote:
erm? i gave my opinion. he has his. nothing more to say. what do you want? drone on for 10 pages repeating myself like a typical lowing thread?Varegg wrote:
Self ownage catch phrase tbhusmarine wrote:
if you say so
Wait behind the line ..............................................................
i have admitted plenty of times i was wrong. i think i am correct on this. guess we will find out in like 20yrs when some secret tapes come out or something.
The mortgage tapes?usmarine wrote:
i have admitted plenty of times i was wrong. i think i am correct on this. guess we will find out in like 20yrs when some secret tapes come out or something.
Okay
Wait behind the line ..............................................................
Why did the US Govt spend so much money bailing out the banks anyway?
Wouldn't it have been cheaper to pay all the mortages and then sell the houses back to the owners for $1. Wiping the debt slate clean would have been a far bigger stimulus package imo.
Wouldn't it have been cheaper to pay all the mortages and then sell the houses back to the owners for $1. Wiping the debt slate clean would have been a far bigger stimulus package imo.
Whoa... Can't believe these forums are still kicking.
No. And who said anyone was taking advantage of it? It's just another contributing factor.Bertster7 wrote:
Isn't taking advantage of peoples short-shightedness tricking them?FEOS wrote:
See above. Not always trickery. I'm sure there was some, but the majority were people just signing up for something without thinking it through...that's not being tricked. That's being short-sighted.Varegg wrote:
Plain and simple fact is they tricked people into a deal they couldn't afford and of course the dream of having a larger house than necesary didn't make it any better ...
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
Banks are now suing to get their money back in Civil court:
http://www.bubbleinfo.com/2009/07/recou … g-pursued/
http://www.bubbleinfo.com/2009/07/recou … g-pursued/
Hey don't be a hater, I have seen your posts in their plenty of times.usmarine wrote:
erm? i gave my opinion. he has his. nothing more to say. what do you want? drone on for 10 pages repeating myself like a typical lowing thread?Varegg wrote:
Self ownage catch phrase tbhusmarine wrote:
if you say so
Residential has absolutely picked up for me. When the bust happened my county was averaging 17k homes on our local MLS. Today it dipped below 10k. That is a huge difference. I used to go weeks before someone would call to see one of my listings. Now they are asking three and four times a week.
We do a lot of commercial as well.. that has me a bit worried. Mostly because banks are being tight as hell.. expecting 30%+ down now. Nuts.
We do a lot of commercial as well.. that has me a bit worried. Mostly because banks are being tight as hell.. expecting 30%+ down now. Nuts.
Xbone Stormsurgezz
It's funny seeing people on forums claiming they know about economics. I think the people in charge of the country (That's 250(?) million of you) have already thought of whatever you suggest, and have a far better understanding of everything involved when it comes to an entire countries economy.
I heard the other day that commercial will be a big part of the upcoming "repeat bubble burst" (for lack of a better term). Have you been hearing the same, being in the business?Kmarion wrote:
Residential has absolutely picked up for me. When the bust happened my county was averaging 17k homes on our local MLS. Today it dipped below 10k. That is a huge difference. I used to go weeks before someone would call to see one of my listings. Now they are asking three and four times a week.
We do a lot of commercial as well.. that has me a bit worried. Mostly because banks are being tight as hell.. expecting 30%+ down now. Nuts.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
― Albert Einstein
Doing the popular thing is not always right. Doing the right thing is not always popular
They certainly have better information and advisors, shame they wilfully ignore them so often.I think the people in charge of the country (That's 250(?) million of you) have already thought of whatever you suggest, and have a far better understanding of everything involved when it comes to an entire countries economy.
Fuck Israel
Three months down, they shouldn't have a problem accepting one month payment from him. It will just keep him at the three month down part, tell him that the people he's talking to what to collect the whole debt. IF they do send it back, contact an attorney.ATG wrote:
A good friend is down three months. They will accept nothing but payment in full and if he sends one months mortgage they say they will send it back.
I don't understand how the fed flooding banks with cash does anything for anybody atm, except for the crooks in the suits.
And yes, there are some asshole homeowners lettings houses fold too.
It all just stinks.
that's really absurd, it's a secured loan against the house. You can't pay they take the house, fair is fair.. I wonder how many of those people had MI payments(Mortgage insurance is suppose to cover a high percentage of the risk, usually up to 20%). The funny thing about MI is that the companies that were receiving 100-500 a month to protect the bank didn't pay out when the bubble burst.Harmor wrote:
Banks are now suing to get their money back in Civil court:
http://www.bubbleinfo.com/2009/07/recou … g-pursued/
Try a loan meditation, where do you live? I could get you an attorney, if you're house is upside down an attorney will sit down with a bank rep and negotiate a principle reduction. Usually with a good rate as well, there's also the "Obama Plan" Where if you're working they'll slash down your payments to 30% of your income, but I really don't know how that works.. Sounds Like Welfare to meburni$te wrote:
got a letter in teh mail today. some new bureaucracy . . .
anyways, all my fuckin equity'z gone, douche's ringin teh phone of the hook about refinancin, and i'm alla sudden upside-fucking-down in ma mortgages. i'll do it if they swallow.
Haha Not really.. The loans that you're talking about where only for certain areas, and designed for people to become home owners in there towns(In New Jersey.. Camden, Trenton, Newark are really the only places illegible). As far as making Bank, there were caps on what you could make the loans were small. Also they had the strictest guidelines and where next to impossible to get down,usmarine wrote:
it wasnt stimulating. it was giving poor (usually black people) houses for votes. plain and simple. sure there were other benefits for the rich people. i mean, all the mortgage people and real estate people made bank off this scam. but the root cause was some stupid social experiment.Varegg wrote:
Stimulating banks is important for the economy ... this time they just went to far not regulating a poorly designed system ...usmarine wrote:
you can say shit...its ok.
well its not just votes. its so their friends in the banks can get rich and they could get sweat loans.
Example
Qualifying income could not exceed 36k a household so they'd qualify with taxes for a loan of about 40K + Taxes, In other states that might get you a decent house but here you're not going to be able to find anything livable.
The real problem in our country is the lending practices of the banks and the lack of an economy. Banks for the most part are Legal Loan Sharks and can charge more on the money. You miss one payment(sometimes they wouldn't even process it right for you to default) and you're Credit Card jumps for that nice 3% to a 25% interest rate.. What the fuck is that, also everything in this country is so expensive you actually will have to use a card to make ends meet one month or an other.. So you get into a paying back 10 times what you borrowed, it ridiculous.
Banks are suppose to Protect our money but you overdraft your account by .01 and you get hit with a 35 dollar fee, sometimes you don't even have to overdraft it and they can hit you with it. Fuck I usually only keep about 40 dollar on me, if I get mugged I'd only lose that and get a black eye.
Banks are suppose to Protect our money but you overdraft your account by .01 and you get hit with a 35 dollar fee, sometimes you don't even have to overdraft it and they can hit you with it. Fuck I usually only keep about 40 dollar on me, if I get mugged I'd only lose that and get a black eye.
its a combination :
loan officer - change numbers, ignore facts, putting loans in children or even pets names to get loan pushed through
banks - accepting anything from the loan officer and not checking
customer - some took arm chair loans knowing in 5 years their % is going to go up but during that 5 years that acquired more debts by cars loans, furniture loans etc etc, some knew from the beginning that they couldn't afford it ( even on a arm chair) and still sign the line just hoping that they can do quick flip
appraisers - appraising a house way off market
prices- not just houses but everything - everything has gone up
loan officer - change numbers, ignore facts, putting loans in children or even pets names to get loan pushed through
banks - accepting anything from the loan officer and not checking
customer - some took arm chair loans knowing in 5 years their % is going to go up but during that 5 years that acquired more debts by cars loans, furniture loans etc etc, some knew from the beginning that they couldn't afford it ( even on a arm chair) and still sign the line just hoping that they can do quick flip
appraisers - appraising a house way off market
prices- not just houses but everything - everything has gone up
well the main problem with inflation is it really all starts with state work increases, that then causes property tax to go up. Then that causes the cost of goods to go up and so on.