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InvisibleMisterMuscaria
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596249 - 06/11/11 02:05 PM (12 years, 8 months ago)

In my first election I voted libertarian, in my second election I voted constitutional party.
It's a good thing i couldnt vote in 2000 because i woulda voted democrat...thenagain perhaps anything woulda been better than Bush.

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Offlinelove2shpongleIRL
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Re: Should foreclosed homeowners be bailed out? [Re: MisterMuscaria]
    #14596296 - 06/11/11 02:13 PM (12 years, 8 months ago)

I forget who this quote is attributed to but it rings true for me "If you're young and not a liberal you don't have a heart. If you're old and still a liberal you don't have a brain."


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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OfflineF0SS1L
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Registered: 08/29/04
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596307 - 06/11/11 02:16 PM (12 years, 8 months ago)

Quote:

love2shpongleIRL said:
Quote:

Prisoner#1 said:
I believe the home owners should have been bailed out before the banks, the
automakers, wallstreet or any foreign aid was ever given, but no, I dont
believe that we should be bailing out any one or issuing checks to other nations



QFT




--------------------
That's me on the street with a violin under my chin. Playing with a grin, singing gibberish.

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Offlinelove2shpongleIRL
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Re: Should foreclosed homeowners be bailed out? [Re: ShroomyJohn]
    #14596391 - 06/11/11 02:31 PM (12 years, 8 months ago)

Maybe this can be a good thing. It really blows to see people suffering but at the same time it can be a lesson of fiscal responsibility to the masses.


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Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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Invisiblememes
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Registered: 01/11/05
Posts: 27,785
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596422 - 06/11/11 02:40 PM (12 years, 8 months ago)

Quote:

love2shpongleIRL said:
Maybe this can be a good thing. It really blows to see people suffering but at the same time it can be a lesson of fiscal responsibility to the masses.



Lots of people that are suffering are doing so because they bought houses that they could ONLY afford so long as the value of their home continued to increase.

Thats a pretty epic premise to spend $750,000+ and shit.

Where are the bulk of foreclosures?  Vegas, florida.  Speculative buying abound.  My parents recently bought a foreclosed-upon condo in FL (for mega cheap) and was at a local breakfast spot and heard a group of women talking about how during the property boom down there they would LITERALLY take 5-6 hairdressers, throw in and buy a house, do minor repairs, and flip it.

Groups of hairdresers, playing the property market.  Yes.  Speculative all the way.  Wonder how they're real estate portfolio is doing now.

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Offlinelove2shpongleIRL
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Re: Should foreclosed homeowners be bailed out? [Re: memes]
    #14596442 - 06/11/11 02:47 PM (12 years, 8 months ago)

My dad just got a house really cheap in Scottsdale. Part of being financial responsible is anticipating the boom bust cycle of our economy. I've noticed among relatives and myself that investments are as addictive as gambling and can be just as foolish. You have to know when to ream you're self in and not invest money that you couldn't afford to lose in the first place.


--------------------
Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

Edited by love2shpongleIRL (06/11/11 02:48 PM)

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OfflineBaby_Hitler
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596663 - 06/11/11 03:51 PM (12 years, 8 months ago)

Two friends and I just bought 10 acres of undeveloped land way back in the holler (extremely rural hilly area). For about $12,000 each we will each have our own land with a 300 ft2 cabin.

Now we just need some steel barrels to fill with beans and rice, and we'll be ready for the apocalypse.

also, moar guns.


--------------------
Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ Ƹ̵̡Ӝ̵̨̄Ʒ
(•_•)
<) )~  ANTIFA
/ \
\(•_•)
( (>    SUPER
/ \
(•_•)
<) )>    SOLDIERS
  / \

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InvisiblePrisoner#1
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596704 - 06/11/11 04:02 PM (12 years, 8 months ago)

Quote:

love2shpongleIRL said:
Maybe this can be a good thing. It really blows to see people suffering but at the same time it can be a lesson of fiscal responsibility to the masses.





dont blame this on the people solely, much of this was due to poor
legislation and lack of oversight, legislation helped to create a housing
bubble and guaranteed the banks protection against losses due to that
legislation, they forced banks to loan to people that couldnt have afforded
it at the inflated values the bank appraisers were valuing the homes at,
regardless the loans were issued with little or no money down, most with
variable interest and balloon payments leading to those unable to afford the
loans defaulting. of course government (fanny/freddy) paid the banks but the
banks keep the homes... this shit has been going on since the carter
administration and was reinforced during clintoon's reign

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InvisibleDieCommie

Registered: 12/11/03
Posts: 29,258
Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596833 - 06/11/11 04:32 PM (12 years, 8 months ago)

No, bailing out those homeowners screws prospective home owners like me.  I dont want to pay for their mistakes.  They made their bed, let them lie in it.

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OfflineHumility
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14596850 - 06/11/11 04:36 PM (12 years, 8 months ago)

I think you should all take your hands out of my (LOL I don't pay taxes :-p) pockets and stop stealing from (coveting) your neighbors.


"Hey guys, lets steal a bunch of folks' money and then discuss what we'll do with it!  YAHHHHHHH!"


--------------------

Edited by Humility (06/11/11 04:36 PM)

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Offlinelove2shpongleIRL
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Re: Should foreclosed homeowners be bailed out? [Re: Prisoner#1]
    #14596943 - 06/11/11 04:57 PM (12 years, 8 months ago)

Do you believe a domino effect would have occurred had the banks not been bailed out. I disagree with the bailouts but can't tell if both bush/obama were bullshitting about the catastrophic consequences of not bailing out the banks.


--------------------
Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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OfflineHumility
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14597019 - 06/11/11 05:16 PM (12 years, 8 months ago)

I don't give a fuck.  Stealing is stealing and it's beyond ridiculous that a bunch of "adults" who take themselves seriously and who would shoot you in the face for breaking into their house at night to take a TV or some tools to feed your crack habit will bend over and smile while their asshole is penetrated by the federal government.



The banks fucked up by being grimy, grisly, GREEDY motherfuckers and a bunch of people that had NOTHING TO DO with the financial liability for it wound up paying the deficits that bankers created.


Afterwards the bankers took monies they were allocated and gave many of themselves multi-million dollar bonuses.  The entire thing is :lol: and :kingtard: at the same time.

The bailout was a 100% fascist policy.  Money from poor individuals going to the rich who pay off and pander to government individuals who hold the power (read: men with guns).


--------------------

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Offlinelove2shpongleIRL
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Re: Should foreclosed homeowners be bailed out? [Re: Humility]
    #14597294 - 06/11/11 06:31 PM (12 years, 8 months ago)

I agree with you're comment and would like to have seen no bailout at all. They got us by the balls and I wonder what would have happend had AIG and other "to big to fail" companies like it fell. I think the free market would fix itself but if shit would get as fucked up as our "leaders" were saying maybe bailouts were a necessary. All we can do is change the rules to avoid things like this happening again.


--------------------
Only those who will risk going too far can possibly find out how far one can go.
T. S. Eliot

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InvisiblePrisoner#1
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Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14597390 - 06/11/11 06:56 PM (12 years, 8 months ago)

Quote:

love2shpongleIRL said:
Do you believe a domino effect would have occurred had the banks not been bailed out. I disagree with the bailouts but can't tell if both bush/obama were bullshitting about the catastrophic consequences of not bailing out the banks.





who benefited from the bank bailouts, certainly wasnt the home owner, the
banks increased interest rates on everything they could, they're still slow
to loan money whether it be auto, personal, home loans or construction loans.
I believe that the bailouts were no more than a means for the politicians to
protect the investments they had in the banks...

look at the S&L bail outs previously, they were bialed out and yet they all
still folded and the tax payer was fucked yet again, $105bn in loans to
these banks were made and even though they claimed the loans were repaid,
there was a $124 billion dollar loss by the end of 1999.

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

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InvisiblePrisoner#1
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Re: Should foreclosed homeowners be bailed out? [Re: Humility]
    #14597427 - 06/11/11 07:05 PM (12 years, 8 months ago)

Quote:

Humility said:
The banks fucked up by being grimy, grisly, GREEDY motherfuckers and a bunch of people that had NOTHING TO DO with the financial liability for it wound up paying the deficits that bankers created.


Afterwards the bankers took monies they were allocated and gave many of themselves multi-million dollar bonuses.  The entire thing is :lol: and :kingtard: at the same time.






see, we can agree on shit

only I also see the problem with the bank customers, when my bank
increased my monthly checking fees and reduced the interest paid I closed
my account and told them as it was, "fuck you, I'm not paying more for the
same service, I signed up with a set fee and that's where it needs to
remain", I didnt cave, I walked. I've told countless people to shop
interest rates on loans, cards and anything else and always get fixed rates

guess what, a few did, on was a GF who wanted a credit card, they started
sending her 'preapproval' at 24.99%, I told her to call the and tell them
she wanted 9% fixed APR, the declined, she got one a few months later with
a 19% APR, she called again and in a few months she received on at 14%APR,
then came the 12% and she jumped on it... she should have waited

it's a consumer's market, without us they have no business, when people
stop being so desperate that they cave to the corporate greed, they'll see
that they control the market, the big corp understands that some profit is
better than closing the doors

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OfflineShroomyJohn
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Re: Should foreclosed homeowners be bailed out? [Re: Prisoner#1]
    #14597449 - 06/11/11 07:10 PM (12 years, 8 months ago)

If you signed up for a set fee, you should have raised hell, not closed your account.  Unless it was one of those things that they can change anything in the contract at any time without notifying you kind of deals.  Credit Unions haven't fucked me over yet, I would never willingly bank with a retail bank.

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InvisiblePrisoner#1
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Registered: 01/22/03
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Re: Should foreclosed homeowners be bailed out? [Re: ShroomyJohn]
    #14597462 - 06/11/11 07:12 PM (12 years, 8 months ago)

Quote:

ShroomyJohn said:
If you signed up for a set fee, you should have raised hell, not closed your account.





I did raise hell and when they kept saying 'it's bank policy' and shit, I
closed the account... if they wanna keep the customer, they need to honor
their agreements

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InvisibleTwo_Swarm
1+1=3

Registered: 06/08/11
Posts: 312
Re: Should foreclosed homeowners be bailed out? [Re: Prisoner#1]
    #14597470 - 06/11/11 07:14 PM (12 years, 8 months ago)

Not only honor the agreements, but kiss the customers ass... that is, unless they are swindling millions or abusing the system. The system exists, and well, people have to work really hard these days, or hate it really hard.

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InvisibleNewlord
The Evil White Man


Registered: 05/12/11
Posts: 720
Re: Should foreclosed homeowners be bailed out? [Re: love2shpongleIRL]
    #14597591 - 06/11/11 07:43 PM (12 years, 8 months ago)

Fuck no, Socialism sucks.  :fearandloathing:


--------------------

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InvisibleTwo_Swarm
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Registered: 06/08/11
Posts: 312
Re: Should foreclosed homeowners be bailed out? [Re: Newlord]
    #14597606 - 06/11/11 07:46 PM (12 years, 8 months ago)

Yes.. foreclosed homeowners SHOULD be bailed out..

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