One in 33 homeowners to face foreclosure in the next two years.
Filed Under: Economy
By on Apr 16th, 2008 at 2:19 pm
One in 33 homeowners to face foreclosure in the next two years.
A new report released today by The Pew Charitable Trusts finds that “one in 33 homeowners is projected to be in foreclosure primarily over the next two years, as a result of subprime loans made in 2005 and 2006.” The report also finds that home values and municipal taxes will drop as much as $356 billion over the same period. “Frustrated by the slow pace of federal action,” nine states are taking steps to help homeowners avoid foreclosure by implementing publicly funded refinance programs.
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104 Responses to “One in 33 homeowners to face foreclosure in the next two years.”
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Let’s get real about who owns what.
Q: When is a homeonwer not a homeowner?
A: When the bank owns the home.
April 16th, 2008 at 2:25 pmWhat about people that pay the mortgage on time?
April 16th, 2008 at 2:26 pmMy prediction is it will be significantly worse than that. As fuel and food prices soar, there will be fewer and fewer people able to meet their mortgage obligations.
April 16th, 2008 at 2:27 pmIt’s gonna get ugly folks. America should never have a condition where people’s homes could be at risk. Homeownership is a fundamental American goal. But, at least the executives at Bear, Sterns get to keep their million dollar bonuses, plus our Treasury Sec. says things are great! What’s the problem? Maybe W has an answer for us?
April 16th, 2008 at 2:27 pmCue the trolls….oh, it’s already here.
VA Voter, what’s your frickin’ point?
April 16th, 2008 at 2:28 pmeatmybush
April 16th, 2008 at 2:28 pm
Hey moron, it was the Cons who trashed the regulation system which kept the lenders from preying on people’s desire for the “American Dream.” You know, the same people who wanted to eliminate the Department of Education?
The people around here who are losing their homes are hard right Republicans, and will vote Republican again — just like you. Dumbass.
April 16th, 2008 at 2:32 pmWhat about them?
April 16th, 2008 at 2:32 pmoff but a couple of posts down:
How is it that politicians are allowed to use funds that are supposed to get them elected or re-elected can instead be used to keep them out of jail?
April 16th, 2008 at 2:33 pmIn what other arena can money begged-for to support a promised common purpose then be used to benefit an individual? Isn’t this nothing more than legalized FRAUD?
My guess this figure will be much higher…..Fixing all the wrong’s that this administration created is going to take a very long time…Huge debt, war’s and bad polatician’s can not be turned around in a couple of term’s (8) year’s…Not to mention the collapse of our infastructure and all the out sourcing of our job’s…We are a country in perral and one president can’t fix what dozen’s of evil manipulater’s has done in the last 15+ year’s….Blessings
April 16th, 2008 at 2:33 pmeatmybush Says:
——————————————————————————–
If you can’t afford it, don’t buy it!!! The dumbing down of America. Brought to in part by Progressives!!
Flagged…This troll has gone too far. TP, please do something about this troll or you will find this space to be empty. That is not a threat, it is a promise. Allowing this troll to debase the American people and disrespect the bloggers at TP has gone on for too long.
April 16th, 2008 at 2:34 pmOh, it was PROGRESSIVES who opened the floodgates on sub-prime mortgages in order to keep the illusion of economic recovery under Bush afloat. Somehow progressives worked their magic on Republicans who controlled Congress and the White House (who are notoriously bank-friendly) for six years, and got them to drop regulations or to simply look the other way when regulations were ignored.
Fascinating, trajan. Tell us more.
April 16th, 2008 at 2:36 pmAt what point does the individual that made the deal to buy a house they couldn’t afford have to face the responsibility of that bad choice? I have a mortgage. Should I stop paying it so the government can bail me out? How about this for an idea, if you can’t afford to live in the house you have move to one that you can.
April 16th, 2008 at 2:38 pmFYI, if y’all copy the troll’s ENTIRE comment and embed it in your own, when it’s finally deleted — it’s still here in your comment!
Just sayin’…
April 16th, 2008 at 2:39 pmBye bye trajan ( eatmybush ).
April 16th, 2008 at 2:40 pmHow many email addresses do you have left now?
Understood, Zooey, but sometimes that has value. For instance, if a troll gets booted and its comments stricken, it loses its voice but the stupid things it has already said live on, preserved in an appropriate presentation.
Also, those following the thread later on will have some idea of what we’re responding to.
April 16th, 2008 at 2:42 pmSo you guys just flag people that don’t agree with you. Nothing offensive other than he doesn’t agree with so call progressivism. So much for free speech. Guess I’ll be flagged too.
April 16th, 2008 at 2:44 pmVA Voter Says:
Guess I’ll be flagged too.
Discussing and posting deliberate lies to start flaming are two different things.
Start deliberate trolling/name calling/racist/flat-out-lie/etc rather than discussing and yeah, I’ll flag you.
Since you cannot tell the difference, maybe you will be flagged eventually.
April 16th, 2008 at 2:50 pmVA Voter Says
April 16th, 2008 at 2:26 pm
What about people that pay the mortgage on time?
___________________________________________________
The people who pay their mortgages on time (that is, the other 32 out of 33 homeowners) will be watching helplessly as the value of their homes drop due to a glut of empty foreclosed properties on the market. More than a few of them will find themselves with underwater mortgages due to the drop in home values, which will come to bite them in the butt if they want or need to sell their homes.
Helping people stay in their homes is a better alternative for the “people who pay their mortgages on time” than letting the sub-prime borrowers get foreclosed on. And if you still perceive that somebody else is getting a free ride and find that galling, take your hatred out on the greedheads who got the borrowers into this, and then sold the mortgages off to make money.
April 16th, 2008 at 2:52 pmI’m glad to see Nine States stepping up to the plate since our government isn’t doing anything fast enough to help homeowners that are already in or soon to be in foreclosure.
What I find alarming also: The Senate is debating a $7,000 tax credit designed to help sell foreclosed homes and the proposal is getting a chilly reception from both the Bush administration and Democrats in the House. Primarily sponsored by Republicans, the $7,000 tax credit is designed to stabilize home prices and keep neglected houses from dragging down neighborhoods. Also, the tax credit could make foreclosed properties more attractive than other homes that are for sale and subsequently decrease the home values of people who are paying their mortgages on time.
Only a Republican could stoop to this level. Always finding new ways to hurt the American Middle Class. That should be their new campaign slogan.
April 16th, 2008 at 2:53 pmVA Voter Says:
——————————————————————————–
So you guys just flag people that don’t agree with you. Nothing offensive other than he doesn’t agree with so call progressivism. So much for free speech. Guess I’ll be flagged too.
Wrong, once again. Differences of opinion are exactly why lots of us come to TP - to hear and be heard. When trolls begin to diminish the content and derail the ability of bloggers to debate, then they will be flagged. There are right side sites which might be more to your liking. I suggest you check them out.
April 16th, 2008 at 2:54 pmVA Voter, the other troll was flagged because its posts have repeatedly offered nothing to the discussion. Lacking in wit or intelligence, gratuitously insulting to progressives, projecting falsities and juvenile invective — that’s a great dal more than just someone who doesn’t agree with us.
You’ll notice that your first post on this thread was simply dismissed, because it really added nothing, but at least it didn’t detract from the thread.
And I think you, like most conservatives, fail to really understand the concept of “free speech”.
April 16th, 2008 at 2:54 pmWhat a whiner.
Even the bush admin has acknowledged that the sub-prime crises is an ethical and possibly criminal debacle brought on by the greedy financiers with shady loans. They are the ones who committed crimes, not the borrowers so stop whining about something that you know nothing about….probably by choice.
Please don’t respond to this. I flag you because of your past disingenuous and dishonest behavior…..
Free speech doesn’t mean that we have to include you in our conversations or even acknowledge your existance so rant on fool and we will flag on.
Besides it helps if your going to exercise free speech that you actually have something to say besides “you guys don’t like me” waa.
April 16th, 2008 at 2:56 pmSure thing. How about THIS for an idea: if you make bad loans and they get defaulted on, it’s your own fault for being a poor businessman and the Fed govt shouldn’t bail you out.
O wait, that’s right, personal responsibility doesn’t include the persons that are rich and republican.
Hypocritical coward.
April 16th, 2008 at 2:57 pmHey, VA “voter”. You have the absolute right to start your own blog and free speech all over it.
This is a private ENTERPRISE, a small business. YOU have no right to tell them how to run it. Let the market decide, and, since WE are the market, we decided that your brainless rants have no place among intellectual discussions.
April 16th, 2008 at 2:59 pmWhy aren’t you accepting responsibility for supporting the people who brought us so much misery. War, busted economy, health care crisis, etc.
Please get down off of your high horse and admit that you don’t accept responsibilty but you exptect victims to feel obligated to pay for being scammed…..flagged again.
April 16th, 2008 at 3:00 pmIn the office where I work, 13 jobs have been lost, never to be replaced again. This is over half the people there. Their jobs are now being filled in Romania for a tiny fraction of what they were costing in America. I guess we are all supposed to be able to live on $900 a year. My team has already been notified that American headcount will not be getting raises this year. Those raises will be given out in India, Romania, and Uzbekistan. However, the cost of living continues to go up. the cost of gas, food, etc., continues to climb. So you cannot afford the home today that you had no problems paying for before. I guess this is all my fault somehow. I asked for my job to be moved to another country. I made the price of gas skyrocket. I made mortgage companies go under. After all, if we listen to VA voter, the poor are only poor because they are lazy, and people deserve to lose their homes because they chose the economy we have. We have no problem spending 4 billion dollars a week to improve Iraq, and we never expect them to be able to take care of themselves. But we don’t really need our jobs. We don’t really need our homes. It is our fault we are poor.
April 16th, 2008 at 3:02 pmVA Voter Says:
At what point does the individual that made the deal to buy a house they couldn’t afford have to face the responsibility of that bad choice? I have a mortgage. Should I stop paying it so the government can bail me out? How about this for an idea, if you can’t afford to live in the house you have move to one that you can.
In a perfect world, you may be right. God knows, we don’t live in a perfect world.
April 16th, 2008 at 3:02 pmPlease, feel free to explain.
April 16th, 2008 at 3:03 pmAnd VA Voom, it’s not even accurate to say that we “just flag people who don’t agree” with us.
Sometimes we play Whack-A-Troll™ with them. It makes a mess, but it’s worth it.
April 16th, 2008 at 3:03 pmI believe Fred already did quite a good job of that:
April 16th, 2008 at 3:04 pmWe live in bush/cheney world where only the wealthy can afford home’s…Blessings
April 16th, 2008 at 3:05 pmVA Voter Says
April 16th, 2008 at 2:38 pm
At what point does the individual that made the deal to buy a house they couldn’t afford have to face the responsibility of that bad choice? I have a mortgage. Should I stop paying it so the government can bail me out? How about this for an idea, if you can’t afford to live in the house you have move to one that you can.
_________________________________________
If one person managed to get a loan they couldn’t afford to pay, and one lending institution made the decision to make a loan to someone who couldn’t afford to pay, then they would both be facing the consequences of their actions eventually. When this happens with many, many people — to the point where the entire real estate market is negatively affected, then innocent people get hurt and something must be done about it.
Sure, you could stop making your mortgage payments, but any government “bail-out” would probably be either a stay of execution (they’ll still foreclose, but they won’t do it for a couple of years), or freeze your interest rates for awhile (allowing you to continue making payments you have been making without an increase), or allow you to refinance at no or low cost. People who make no payments at all and aren’t willing to work to get out of their mess will still get foreclosed and kicked to the curb. Feel better now?
April 16th, 2008 at 3:06 pmPlease, try to contribute instead of being a petty little whiner. Why don’t you give us some examples of how well you conservatives really understand anything to do with democracy instead of expecting to put us on the defensive with your childish questions……are we there yet? can we have a pool dad?
We are not here to answer to you……quite the opposite is the reality.
April 16th, 2008 at 3:08 pmZooey Says:
The people around here who are losing their homes are hard right Republicans, and will vote Republican again — just like you. Dumbass.
Zooey, since I learned we live in the same area, I think anyone who bought those hideously overpriced houses on the north side of the city who wasn’t knocking down huge bucks did it to themselves. I marvelled at the asking price for those new homes and thought, who the hell can afford these? In my, older, neighborhood, people were trying to sell their homes for TWICE what they had been worth 10 years ago when there was no logical reason to think that was accurate except developers were asking these outrageous sums and folks were buying them.
I feel bad for people who got swindled by subprime lenders who knew they were making loans they shouldn’t, but I really do think if you are making a huge purchase like a house you should figure out if you can afford it or not. This doesn’t seem like a partisan thing to me.
April 16th, 2008 at 3:09 pmAnd if we listen to you, nobody could possibly make it without government help. That they don’t stand a chance on their own. And that’s simply not true for most Americans.
April 16th, 2008 at 3:11 pmCheney and Bush, that is the Oil Companies of the World, will try to squeeze every last dollar out of the public wallet before they leave office. Here’s a critical point. Even if these ass-clowns realize that they are flushing the entire country down the toilet and should they even begin to care, ask yourself what is this cast of idiots capable of doing? They’ve spent nearly 8 years filling the government with Loyal Bushies and that has been their only criteria. So even if they wanted to fix things, they are totally incapable.
Then again, they have no desire to fix things for you and me. We are where we are because they’ve been fixing things for themselves, their friends, their Saudi partners in crime, and so on.
April 16th, 2008 at 3:14 pmVA Voter
I find it really appalling that you would come here where you can hide behind a computer screen and say things that you would not dare say to progressives in person. They would tear you to shreds with facts and leave you humiliated and crying on the curb.
How dare you, who supported serious criminals who have done much to destroy what Americans hold dear come here and challenge our intentions…..
keltoi, that distintion has been noted. 95% of those who are losing homes do not fit your tidy little attempt to villify the victims in this crime so if you can’t at least try to be reasonable I guess I will just have to flag you for not trying to help us resolve this in a fair and just manner.
April 16th, 2008 at 3:14 pmVA Voter
The taxpayers who lose their houses are going to have to help pick up the tab for Bears and Stearns, who contributed greatly to the problem, but you don’t have a problem with that do you? You also don’t have a problem giving tax breaks to oil companies who are making record profits by not re investing in their own infrastructure. typical cracker.
April 16th, 2008 at 3:15 pmOOOH!
Flagging is BACK!
HuuuuuuZahhhhhh!
By-bye, trollies!
April 16th, 2008 at 3:15 pmVA Voter Says
April 16th, 2008 at 2:38 pm
At what point does the individual that made the deal to buy a house they couldn’t afford have to face the responsibility of that bad choice?
I wanted to expand on my short response to VA Voters query. I recently retired after 26 years as a banker and mortgage officer. Nobody in my years of service ever went to a lender and took out a loan they knew would bankrupt them. Besides, the lenders approval committee would notice the lack of cash flow or other issue which would need to be addressed by the borrower - so the loan would not get funded.
After the loan does get funded however, many things can go wrong with the borrowers ability to repay ie layoff, illness, natural disaster, etc…These are the Americans we should be looking to assist. Through no fault of their own, the situation has got the best of them and they need some ‘breathing room’ to regroup. The US government bailed out almost every other aspect of the debacle - except the borrowers - you know, your own neighbors.
April 16th, 2008 at 3:16 pmVA Voter Says:
And if we listen to you, nobody could possibly make it without government help. That they don’t stand a chance on their own. And that’s simply not true for most Americans.
____________________
There are several things wrong w/ this statement.
1. VA Voter can only speak for itself, not some undefined “we”.
2. I don’t believe anyone here said “Nobody could possibly…” Nobody? That’s pretty sweeping and inclusive. Much TOOOOOOO vague and broad.
3. “Most Americans”??????? Again, you don’t speak for “Most Americans”.
April 16th, 2008 at 3:18 pmAnd if we listen to you we will be…..well, right where we are now….I vote for serious change from that. You don’t have a leg to stand on so drop the welfare state talking points.
Would you like to defend where we are right now? Seriously, please tell us why you think things are so much better right now.
April 16th, 2008 at 3:18 pmralph the wonder llama Says:
Sometimes we play Whack-A-Troll™ with them. It makes a mess, but it’s worth it.
__________________
Indeed! Whack-a-Troll™… the Sport of Kings!!!!!
How’s that new mallet workin’ out fer ya, Ralphie, me boyo?
April 16th, 2008 at 3:21 pmVA Voter Says:
And if we listen to you, nobody could possibly make it without government help. That they don’t stand a chance on their own. And that’s simply not true for most Americans.
April 16th, 2008 at 3:27 pmI find it very typical for a reich winger to post on a thread slamming the victom’s once more…For over two year’s now very little has changed…On any topic concerning them against the poor and middle class or war against ant war, abortion or gay and civil right’s…It’s alway’s the same…Good for us their disease is not catching….
It’s alway’s O.K. for them to pay off big business, fund huge program’s like the HMO Pharma mess and bail out the bank’s, Oil co, and their fellow bloated stock marketeers….Print more bad money backed from china credit…But for crap sake’s don’t do anything for the poor and middle class like keeping job’s here and helping them keep a roof over their head’s..Oh no give more to the oil companies so little old ladie;s like me can’t afford the gas to go to the store once a week and buy the GD bread at 4 time’s the cost of when the robber’s got in office….
Do us a favor VA and don’t bother to post, you never say anything worth while any way.Your like your dictator’s echo chamber…Be gone
April 16th, 2008 at 3:29 pmTotally transformed my game. My swing is quicker, more power, more impact. Got quite a workout in the other day. Not a blemish on it after a heavy day of troll-mashin’. I’m lovin’ it!
April 16th, 2008 at 3:29 pmStratRat @ post 40 3:15pm
That was an excellent post that bears repeating…
High points: No one deliberatly takes out a loan that bankrups them and there used to be regulations in place to keep that from being a possibility.
These are our fellow Americans who are in deep trouble that is the inevitable result of unregulated greed without conscience.
April 16th, 2008 at 3:29 pmA Day in the Life of Joe Middle-Class Republican
by John Gray, Cincinnati, Ohio, July 2004
—————————————————-
replace liberal with the market and this would be right.
April 16th, 2008 at 3:31 pmMust be that new titanium head. Light but strong.
April 16th, 2008 at 3:32 pmI’d have to say from what I’ve seen, the housing market, especially out here in sunny CA, turned into as bad a speculative bubble as the Internet frenzy back in the late nineties.
A lot of people on both sides of the line, both borrowers and lenders, made bad choices. If you’re going to bail one side out, like the lenders, I think you need to be fair and bail the other side out too. If you don’t want to bail out the borrowers, then don’t bail out the lenders.
Maybe more than a few people bought houses they couldn’t afford, but there was a lender on the other end who was supposed to be qualifying the borrower.
And now, w/ housing prices in free fall, energy prices skyrocketing, credit cards jacking interest rates thru the roof for the slightest of reasons, jobs continuing to go overseas daily, and the dollar dropping as fast Botch’s popularity rating, it looks like the country might be faced w/ an economic Perfect Storm…
IMHO, a lot of people who don’t deserve it stand a good chance of getting clobbered here. But, that’s just my opinion.
THANK GOD somebody’s looking out for the bankers.
April 16th, 2008 at 3:33 pmYou just say stuff….it don’t have to make sense or anything does it. Just so it follows your policy. Why not explain how what you say is true….oh, you can’t because you lied.
April 16th, 2008 at 3:34 pmAnd thus is demonstrated the unwavering allegiance to the illusory “free market” that has brought us to this economic state.
April 16th, 2008 at 3:34 pmI don’t want the government to interfere at all.
April 16th, 2008 at 3:34 pmI gotta say, Fred… you’re on a roll today. Keep it up.
April 16th, 2008 at 3:36 pmVA Voter Says:
replace liberal with the market and this would be right.
And you think this makes sense?
April 16th, 2008 at 3:36 pmA Day in the Life of Joe Middle-Class Republican
by John Gray, Cincinnati, Ohio, July 2004
—————————————————-
replace liberal with the market and this would be right.
Good Lord, you must have your head buried so deep in the sand that only your feet are showing.
April 16th, 2008 at 3:36 pmFred Says:
StratRat @ post 40 3:15pm
That was an excellent post that bears repeating…
I appreciate your kind comment. I know it is a cliche, but really, most of us are two or three paychecks away from being in the same situation (default). Nationwide savings is at a negative level (spending more than we earn) and it cannot go on like this indefinately. We need to start putting our financial house in order before China owns even more of our country.
April 16th, 2008 at 3:36 pmAnd I’m trusting, Ralphie, the slight recoil in the handle will prevent you from absorbing too much of the shock, thereby preventing the onset of Whack-a-Troll™ Elbow, a growing problem for those who play regularly on the Pro-Am Circuit.
I’m t’inkin’ a trying out one of those new Graphite mallets…
April 16th, 2008 at 3:36 pmVA Voter Says:
——————————————————————————–
I don’t want the government to interfere at all.
####
So you were against that whole Bear Stearns thing? Subsidies to farmers? Massive subsidies to oil companies? Huge chunks of taxpayer dollars going to offshore corporations?
Or are you one of those privatize the police/fire department guys?
April 16th, 2008 at 3:37 pmIf only we had a free market we wouldn’t be in this state.
April 16th, 2008 at 3:39 pmI can’t help but feel it would help if somebodies would stop exporting jobs.
It’s just not the loss of income that hurts, which does, it’s that those dollars no longer circulate in THIS country.
Isn’t there some sort of multiplier effect, that every dollar spent adds something like $3.57 to the local economy by the time its done circulating?
Jobs go over seas… less and less cash circulating in this country.
April 16th, 2008 at 3:39 pmI’m pretty sure that ain’t sand.
April 16th, 2008 at 3:39 pmI don’t want the government to interfere at all.
VA Voter thrives on tainted meat and polluted water. He thinks companies won’t cut corners on our safety to save a few pennies. It’s not like it’s ever happened before, has it?
April 16th, 2008 at 3:39 pmYes.
No. That’s something the government can handle.
April 16th, 2008 at 3:40 pmI’m a little angry at the malicious ignorance displayed here today Ralph….
Va, What do you think has been happening for the last 7 years? In the words of Dr. Feel: How’s that working for ya?
It’s not working for me and an estimated 80% of Americans so why in God’s name should we listen to you? Please explain.
No more one liner bullsh!t. Flagged.
April 16th, 2008 at 3:40 pmChris L Says:
——————————————————————————–
VA Voter Says: I don’t want the government to interfere at all.
####
Or are you one of those privatize the police/fire department guys?
When San Diego county was on fire a few months ago, private firefighters were protecting houses for those who paid them, and letting burn those houses which didn’t. That’s what privitization does to our communities. There were even stories where the private firefighters were hampering the ability of the local and state teams to save even more homes.
April 16th, 2008 at 3:42 pmWhy should the government spend resources to save the homes of people too lazy to fireproof them?
/snark off
April 16th, 2008 at 3:42 pmFree market?
That’s a fantasy you don’t deserve to indulge in…
Botch & Co has tried to deregulate everything in sight over the last 7 years plus, and it’s been a complete fiasco.
If I’m not mistaken, it was the righties’ beloved Ronnie Raygun who deregulated health care back in the 80’s, and look where it’s gotten us. Record profits for CEOs and 40 MILLION plus uninsured.
Free market? Ya mean, credit cards free to charge 25% interest even if you’re NOT late on a payment? Geez… isn’t that usury?
What’s next… debtors prisons?
April 16th, 2008 at 3:43 pmThat’s why the housing bill has \more tax breaks for big business!
April 16th, 2008 at 3:44 pmHey! That’s not bad odds, right Mr. Responsibility and font of Xian charity, St D.?
April 16th, 2008 at 3:45 pmVA Voter Says:
replace liberal with the market and this would be right.
———
If only we had a free market we wouldn’t be in this state.
#####
So, basically, we don’t have a free market, but we should be thankful for all that it has done for us? Great. This is right up there with Rush Limbaugh logic - nothing is wrong with the economy, but the stimulus package will fix it.
April 16th, 2008 at 3:45 pmJust wait till the VA Voters scattered about the countryside get laid off, and are one paycheck away from losing THEIR homes.
April 16th, 2008 at 3:46 pmThen the tears, wailing and gnashing of keyboards will commence.
VA Voter Says:
Or are you one of those privatize the police/fire department guys?
No. That’s something the government can handle.
__________________
Of course, this does beg the question of “Where to draw the line”.
Why here? I mean, that would interfere w/ a truly free market, no?
This one would prefer we all adhere to HIS version of Government Involvement in our lives. What happens if some of us disagree, which we do?
This one wants a “free market” as DEFINED by him.
Doesn’t work that way. VA doesn’t set the definitions. And VA is inconsistent to boot. Does VA understand this?
April 16th, 2008 at 3:47 pmRUCerious Says
:
Just wait till the VA Voters scattered about the countryside get laid off, and are one paycheck away from losing THEIR homes.
Then the tears, wailing and gnashing of keyboards will commence.
________________
And it will be the god-damned Progressives fault, ta boot!
April 16th, 2008 at 3:48 pmWhy do people who don’t want the government to interfer at all live in this country?
April 16th, 2008 at 3:48 pmLets find VA a nice new country to take his “i got mine”
butt.
How about:
Somalia
Uganda
Antartica
Any other suggestions./?
take care tony and guidedog Lido
Actually I know Antarctica is a continent.
April 16th, 2008 at 3:49 pmAntarctica is a continent? I thought it was the country that sits between New Zealand and Austria?
April 16th, 2008 at 3:51 pmVaVoter Says:
I don’t want the government to interfere at all.
Ask the people who got stranded because American Airlines was cheating on their inspections and maintainence. Ask the people who’ve gotten sick the last 7 years from ecolie outbreaks due to poor health inspections. Ask the families of those people who died because the FDA approved drugs like Celebrex without adequate testing. Ask my daughter who had to give up her Thomas the Tank trains becuase they were tainted with lead becuase of deregualtion.
Va Voter is one of those idiots who complain about government interfence until something bad happens, then he complains that the government doesn’t do anything.
April 16th, 2008 at 3:51 pmjdc Says:
——————————————————————————–
Good time to invest in single family homes.
No, it is not.
April 16th, 2008 at 3:55 pmSMACK!
Ouch, that’s got to hurt. That’s the most prolific troll whackin’ I’ve seen in these parts fer many a month.
April 16th, 2008 at 3:56 pmSee, VA Voter? Some trolls we flag, and some we keep around ’cause they’re fun to abuse.
I accept your apology.
April 16th, 2008 at 3:58 pmI guess we just aren’t smart enough to understand how good we have it.
Reminds one of how well the surge is working…it is working so well that we have to keep surging(escalating)
April 16th, 2008 at 4:00 pmThere was an interesting story on the local news last night about Washington Mutual lending practices of basically ignoring appraisals or inflating them during the upswing of home buying since 2000 in the NW.
April 16th, 2008 at 4:02 pmThere were several appraisers who blew the whistle, and were basically told to shut up or find another employer.
Now WAMU is laying off 3,000 employees in their lending department… That must be the free market at work, right VAVOOM?
If you can afford to sit on them for two years or more…
April 16th, 2008 at 4:02 pmNo, there is nothing from with the economy. It’s just the librul media making a big fuss about it.
April 16th, 2008 at 4:02 pmjeezdumbcrap: Assuming the market has bottomed out, aren’t we?
April 16th, 2008 at 4:02 pmYou just proved to everyone you have no idea what you’re talking about.
April 16th, 2008 at 4:03 pmThere’s that ambulance chaser mentality we have all come to loathe in the last 7 years.
I don’t want people who think taking advantage of someone elses misfortune is a good thing coming to my house for dinner let alone giving me advice. You are a perfect example of what a good American citizen is not.
April 16th, 2008 at 4:04 pmI’ve got nothing to say until TP brings back the abuse link, the trolls have destroyed this site.
April 16th, 2008 at 4:06 pmGood point, RUC. The “free market” if such a thing were to exist, would swing wildly between extremes as a natural course.
The business community loves unregulated commerce, but even more than that it loves economic stability, which regulations provide. They like to know what to expect. Boom-and bust cycles make some people rich (and then it makes some of them poor again, very quickly) but they’re unpredictable. That’s why, in general, the most politically stable nations in the world are also the most economically powerful.
April 16th, 2008 at 4:07 pmjdc Says:
Good time to invest in single family homes.
StratRat Says:
No, it is not.
Banks want loans, not homes. As their inventory of homes increases, supply will lower price.
Don’t miss the opportunity.
Technically, banks want your monthly payment ($$$$). They are not landlords, they do not want houses to maintain and taxes to pay on them. They lend money, and want money in the form of monthly payments.
The reason I said now is not the time, is that the landlord would have to find people to rent those homes and provide a positive cash flow - so that the homeowner could make the payment to the bank. If you cannot find a renter, you cannot enjoy the rental income, you may not be able to afford the payment - then the bank will be coming after you. The supply of empty houses will surely rise, but banks still need borrowers who can make the payments.
April 16th, 2008 at 4:08 pmUmm… Buckie? The abuse flag has been available since this morning. What are you smoking?
April 16th, 2008 at 4:08 pmBuckie, feel free to share whatever you are smoking! Pass the bhong, please.
April 16th, 2008 at 4:12 pmRUCerious Says:
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Buckie, feel free to share whatever you are smoking! Pass the bhong, please.
It’s gotta be 4:20 somewhere on the planet. “Don’t bogart that joint, my friend….”
April 16th, 2008 at 4:14 pmDon’t you guys have to drug test for your jobs, you’re not doctors or politicians or airline pilots so you must be getting tested.
I’m lucky in that I own my own business and I drug test all employees. Anyone who comes back with clean results gets canned.
April 16th, 2008 at 4:25 pmFred ~ I had to pass a drug test seven years ago to get the job I currently have, but nothing since. I haven’t lit up since my lung cancer surgery (duh) but used to enjoy a whiff on the occaisional bhong…
April 16th, 2008 at 4:31 pmRUC, I have witnessed much more destruction of life, families and loss of property by people who abuse alcohol than those who hit the pipe once in a while.
In our area there is a serious meth problem. I used to consider alcohol to be the worst recreational drug until this stuff came along…..it is bad.
ever heard of brownies……..cook the green in some butter and then strain out the dregs….use the butter to cook with.
I have beginnings of enphysema so I’m in kinda the same boat. I smoked for years but no more.
April 16th, 2008 at 4:44 pmFred, we used to use a baby grinder to grind up the sensamilla really fine, then just mix’er right on in with the brownies.. Mmmmm, man, was that a stoner…
April 16th, 2008 at 4:56 pmLOL,Fred. I’ve got a CDL so I get random drug tests. I still enjoy the smell when I’m around it,just can’t partake. :(
April 16th, 2008 at 4:58 pmSorry LOL @ 95. 97 is kind of a downer.
April 16th, 2008 at 5:00 pmRUCerious
Hi RU, I’m glad you caught your cancer early — it’s one more progressive on this board!
ViralVoter
Hey you, what if it isn’t just the interest rates? What if people, let’s say, are losing there jobs across all industries and unable to pay?
This administration uses money it doesn’t have to pay for this invasion. The feds misuses money to bail out furry bear stearns.
But if your typical citizen ever used counterfeited money to pay his mortgage, they’d be hauled off to jail.
April 16th, 2008 at 5:11 pmThanks McWars. I was just plain ass lucky. Had a minor cough, got a chest Xray and bingabangaboom. Tumor showed up. Got it surgeried a year ago, and no recurrence yet. Blog’s away!
April 16th, 2008 at 6:30 pmRUCerious Says:
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Thanks McWars. I was just plain ass lucky. Had a minor cough, got a chest Xray and bingabangaboom. Tumor showed up. Got it surgeried a year ago, and no recurrence yet. Blog’s away!
God bless you, man!
April 16th, 2008 at 6:49 pmThanks Strat. Let me get this right, you are a retired banker guy who plays classic rock on a Fender Strat??
April 16th, 2008 at 7:43 pm