Oh my Fucking God!

[theMAJORITY]

dude I worked my way through college and got two degrees.
I went to shitty public high schools and then college.
your clueless about economics

I may be---and I appreciate that you are now adding some substance to your insults. What do you do for work? I may be able to predict if you will be able to keep your home 15 years from now. Many people who thought they were too smart, and to immune to irresponsible globalization are finding out differently. Are they all just loosers also? All those people at City Bank?

What do you do for work?

 

[LadyT]

situations like this are deplorable and its pretty sad that we are for now, the richest country in the world and we have enclaves such as this. I would support a state program that would put up the deposit on apartments for people like this if they can afford to pay rent and utilities going forward. Or even subsidize their rent for a couple of months until htey get back on their feet.

I don't know how you pin point the foreclosure "crisis" on something like this though. Most people that could afford to pay the first part of their ARMs could afford an apartment. And those are the people that have been adversely affected by the increase in interest rates.

 

[DamnYankee]

If someone was dumb enough to do a sub-prime then they deserve to lose their home.

 

[theMAJORITY]

situations like this are deplorable and its pretty sad that we are for now, the richest country in the world and we have enclaves such as this. I would support a state program that would put up the deposit on apartments for people like this if they can afford to pay rent and utilities going forward. Or even subsidize their rent for a couple of months until htey get back on their feet.

I don't know how you pin point the foreclosure "crisis" on something like this though. Most people that could afford to pay the first part of their ARMs could afford an apartment. And those are the people that have been adversely affected by the increase in interest rates.

No--no no no----that is redistrubution of wealth--and very socialist. Next---we should all pay for their downpayment of their home? The answer is to have a better education because a pay check does not come with insturctions--and let people keep their money by not adding social programs of redistribution of middle class wealth (or anybodies non ill earned wealth)--and stop this irresponsible globalization so we don't all become poor.

Really lady---if you want socialism--why don't you pay for it instead of telling others to do so?

if you ever earned anything for yourself, it is wonderfully entoxicating to be able to do that. Offering hand outs does not insprire people to earn things themselfs. Go live in one of these appartment buildings of low income for a few months (really--it might not kill you)--and see what socialism has created of 100% able bodied people. Sure--it is nice to give them some money--so give it to them if you want to feel good. Just don't be suprised that they don't go forward with it---because they are used to being dependant now--and most of their children will feel the same. But--you did hit a good point. If we do have to bail out anybody---it has to be very temporary---or they will live on it.

 

[LadyT]

Dude--I am no bleading heart unless somebody is getting screwed for other peoples gains. I totally support the best public education in the world---but we don't have that for obvious reasons. And it is not "they" you elited *&^% seperatalist---it is "WE THE PEOPLE"

When you understand that "These people"---our people!! US!!!--get taxed so much they can't save money with jobs that are disappearing and paying less (because of the elite screwing them), you will relaize why they can't afford to buy a home and help build wealth.

I can tell you had a silver spoon up your butt for your life, and never faced those challenges that "WE" the majoreity--face. Therefore---your not qualified to understand their challenges.

Please tell me how you make your money---and we will all know why you have some elitist view points. I am not supporting welfare of any kind--and I never will. I feel it is the duty of every individual to be the best they can be---but most are being held down and raped IMO.

I blame it on the fact that we are pretty much forced to elect these elite rich *&^% who would rather bleed people dry for their elite friends than offer incentive all to be the best they we all could be.

I got lucky, and bought a home when they were giving out loans with almost no money or no money down. Those days are gone now---or I would still be renting.
New home sales have dramitacally dropped also--and it is not because people choose to rent.

Someone's got sand in his vag ina today. #1, tops right. If you can't afford an apartment, odds are you can't afford a house in that same market. #2, if I were top, I'd tell you to go fvck yourself because what he does for a living and where he works has nothing to do with the debate. You're just trying to use personal information to continue your ad hominems which are complete bull$hit..

 

[LadyT]

No--no no no----that is redistrubution of wealth--and very socialist. Next---we should all pay for their downpayment of their home? The answer is to have a better education because a pay check does not come with insturctions--and let people keep their money by not adding social programs of redistribution of middle class wealth (or anybodies non ill earned wealth)--and stop this irresponsible globalization so we don't all become poor.

Really lady---if you want socialism--why don't you pay for it instead of telling others to do so?

if you ever earned anything for yourself, it is wonderfully entoxicating to be able to do that. Offering hand outs does not insprire people to earn things themselfs. Go live in one of these appartment buildings of low income--and see what socialism has created of 100% able bodied people. Sure--it is nice to give them some money--so give it to them if you want to feel good. Just don't be suprised that they don't go forward with it---because they are used to being dependant now--and most of their children will feel the same.

You have some strong feelings about government handouts. I take it you are are going to return your $600 rebate check from IRS in June.

 

[theMAJORITY]

If someone was dumb enough to do a sub-prime then they deserve to lose their home.

Many were duped. I myself had one of those 20/80 loans, and I closed with 35 bucks. I told them I wanted fixed rates only--no ARM. It was sprung on me that the 20% loan was a arm at closing, making me feel I would be responsible for the deal going down for the realitor, the seller, and myself if I backed out of it.

That was the Country Wide snakes. I now have a fixed mortage with a small bank.

IMO--we need a deprssion to get Americans to quit thinking they have a right to instant gratification.

 

[Damocles]

They dont have the money to do so.

People have exhausted every means to save their home.

You can say all you want they should have done this or they should have done that, They are still human beings and they were adding to our economy until very recently.

Then it is very temporary and would last until the next paycheck. They would no longer be "exhausting" those means. However it is very unlikely that even a majority of those people were foreclosed on because of the nature of foreclosure. The bank would refuse payments that did not pay off the debt because it could be considered a payment agreement and delay the foreclosure. It is unrealistic to assume that they were all foreclosure "victims".

 

[theMAJORITY]

You have some strong feelings about government handouts. I take it you are are going to return your $600 rebate check from IRS in June.

I have strong enough facts to realize that that money is money I earned---so no--I am keeping it of course. It was my money to begin with---not the communities.

have you ever paid so much taxes that you can barely afford the necessities like most tax payers? Do you pay income taxes yourself? Or are you standing above the majority of the people looking down at them like most socialists elites.

Try to make me feel guilty for taking my money back is liberial insannity. The people who do not pay taxes tough--should give it back--and I would give it to my neighbors myself if I already was a spnonge of society (the poor liberials create or the elite that creat poverty). Now Bush wants us to go out with that money--and buy products from his friends making crap products in China (that caused much of the problem of more poor people in the first place)---I am using the money to offset the taxes and penalities I will incurr by taking my money from these companies--in hopes it will help spur a depression.

I want us to suffer, and suffer good because of socialism and irresponsible globalization. Only when people are hungry---will they revolt to get this government back to the people and away from socialism.

I think it will happen--and your kids will enjoy their freedom and their own prosperity.

 

[evince]

Then it is very temporary and would last until the next paycheck. They would no longer be "exhausting" those means. However it is very unlikely that even a majority of those people were foreclosed on because of the nature of foreclosure. The bank would refuse payments that did not pay off the debt because it could be considered a payment agreement and delay the foreclosure. It is unrealistic to assume that they were all foreclosure "victims".

Yes it is wrong to assume they are all foreclosure victims directly.

This is not a sign of a healthy ecomonic atmosphere.

There are domino effects of these pressures on the economy and these people are the evidence of the fallout.

 

[Timshel]

Bunch of propaganda bs. This is unfortunate, but not a new development. What it is, is that San Bernadino has concentrated their homeless population in this area so that they mat better service them.

http://www.pe.com/localnews/sanbernardino/stories/PE_News_Local_D_tentcity28.2915a96.html

 

[Topspin]

if you were dupped into a 20/20 then you are not well informed financially.
that said, I would have to problem JAILING the bankers who offerred them. The crack addict deserves some responsibility, so does the crack dealer.
Minority I agree with you on taxes, we are not taxed to little. I pay more than the average family makes in taxes and bitch about it all the time.
We should cut defense spending 70% and taxes 20%

 

[LadyT]

Many were duped. I myself had one of those 20/80 loans, and I closed with 35 bucks. I told them I wanted fixed rates only--no ARM. It was sprung on me that the 20% loan was a arm at closing, making me feel I would be responsible for the deal going down for the realitor, the seller, and myself if I backed out of it.
That was the Country Wide snakes. I now have a fixed mortage with a small bank.

IMO--we need a deprssion to get Americans to quit thinking they have a right to instant gratification.

"Sprung on me". Some how I have the feeling that if I looked at your truth in lending worksheet, it would have clearly stated that you were taking out an ARM. Over the last year, I've worked with loan officers one of which who turned out to be the biggest creep in the world, anything that is 'sprung on you' is done so when they send out the initial truth in lending worksheet. If your truth in lending has broker or miscellenous financing other than what you're presented with at closing, then you should talk to a lawyer. Otherwise, you should learn to read your $hit ahead of time.

 

[theMAJORITY]

Yes it is wrong to assume they are all foreclosure victims directly.

This is not a sign of a healthy ecomonic atmosphere.

There are domino effects of these pressures on the economy and these people are the evidence of the fallout.

That film gaqve us no information about those people, and why they are there. The film does not give full disclosure--a lot like a Gore or Moore film.

Gore did not interview any credited scientists in his film and moore did not interview any people that fell victim to a national health care system. This film did not interview anybody about anything. If the film is true--it is a very poor representation of what is happening with the tent people. It could be a small cult commune, there at will, as far as we know.

Only liberials will get emotional---with no facts.

 

[Damocles]

Yes it is wrong to assume they are all foreclosure victims directly.

This is not a sign of a healthy ecomonic atmosphere.

There are domino effects of these pressures on the economy and these people are the evidence of the fallout.

I can agree that it is not evidence of a good economy, my only objection was the assumption that they were all foreclosed upon. It is unrealistic to assume that when you consider the actual timeline of a foreclosure. They'd have to have had catastrophic collapse in their life to end up there at foreclosure. Loss of job, no savings, an attempt to foolishly pay debt that would be best kept for a future...

I would like to know where Denver is putting all those homeless as the apartments supported by the Mayor have yet to materialize. It seems that some portion of them might be there...

 

[Damocles]

Bunch of propaganda bs. This is unfortunate, but not a new development. What it is, is that San Bernadino has concentrated their homeless population in this area so that they mat better service them.

http://www.pe.com/localnews/sanbernardino/stories/PE_News_Local_D_tentcity28.2915a96.html

Well, now I learned something.

 

[LadyT]

I have strong enough facts to realize that that money is money I earned---so no--I am keeping it of course. It was my money to begin with---not the communities.

have you ever paid so much taxes that you can barely afford the necessities like most tax payers? Do you pay income taxes yourself? Or are you standing above the majority of the people looking down at them like most socialists elites.

Try to make me feel guilty for taking my money back is liberial insannity. The people who do not pay taxes tough--should give it back--and I would give it to my neighbors myself if I already was a spnonge of society (the poor liberials create or the elite that creat poverty). Now Bush wants us to go out with that money--and buy products from his friends making crap products in China (that caused much of the problem of more poor people in the first place)---I am using the money to offset the taxes and penalities I will incurr by taking my money from these companies--in hopes it will help spur a depression.

I want us to suffer, and suffer good because of socialism and irresponsible globalization. Only when people are hungry---will they revolt to get this government back to the people and away from socialism.

I think it will happen--and your kids will enjoy their freedom and their own prosperity.

A hand out is a hand out and by accepting that $600 you are doing your part to propagate socialism. You're taking $600 from the "rich". There are plenty of people that won't be getting a $600 check and they have put in thousands of dollars. Instead it will be going to you. That makes you a commie.

commie.

 

[theMAJORITY]

"Sprung on me". Some how I have the feeling that if I looked at your truth in lending worksheet, it would have clearly stated that you were taking out an ARM. Over the last year, I've worked with loan officers one of which who turned out to be the biggest creep in the world, anything that is 'sprung on you' is done so when they send out the initial truth in lending worksheet. If your truth in lending has broker or miscellenous financing other than what you're presented with at closing, then you should talk to a lawyer. Otherwise, you should learn to read your $hit ahead of time.

That was three years ago--but I think you jogged my memory. You are right--it was shown to me that the 20% was a arm in our meeting directly before the closing meeting. it was in the closing meeting where there was a difference in some of the massive paperwork that had two different interest rates. Of course--they said they would not do the deal if I wanted the lower interest rate on the paper work.

Sorry---I was wrong---but for most of the meetings--I was never told I could not have fixed rates that I demanded, and was told that would be fine. It was very close to closing when the ARM was disclosed to me.

 

[Damocles]

I used an interest only ARM to lower my principal. The loan ammortized monthly allowing me to pay as much toward the principal as I could afford and lowering the actual interest payment at the same time because of the monthly ammortization.

With that effect I was able to increase my equity by far more than I would have with a set rate. I then transferred to a set rate 15 year mortgage with payments actually less than what I had been paying....

Not all of those loans were "stupid".

 

[evince]

Bunch of propaganda bs. This is unfortunate, but not a new development. What it is, is that San Bernadino has concentrated their homeless population in this area so that they mat better service them.

http://www.pe.com/localnews/sanbernardino/stories/PE_News_Local_D_tentcity28.2915a96.html

Good find RS I have been looking for more on this.

Though it is not BS.

In the past five years, San Bernardino County's homeless population has grown 39 percent. Homeless advocates and government officials cite as reasons a sluggish economy, cuts in medical and social service programs and an influx of homeless from other areas.

The number of homeless in the county increased to 7,331 in 2007, up from 5,270 in 2002, according to a census survey conducted by the Community Action Partnership of San Bernardino County in February.

Of the 700 surveyed, 83 percent were living on the streets, as opposed to in a shelter or other temporary housing. Twenty-six percent suffered from mental illness.