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| Foreclosures at record as household wealth falls (Page 13/19) |
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aceman
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MAR 08, 02:59 PM
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| quote | Originally posted by 84Bill:
There is nothing to fear unless you have something to lose.
When a good chunk of the people are losing their houses and selling their stocks and bonds to pay bills the fear is not imagined but rather is real. |
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Where are the news articles showing this?
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Folks sell off their 401s it translates to stock market losses. When big investors start loosing money they sell and shelter, when CEO's start seeing a loss in stock values they prop them up by slashing spending on salaries, bonuses and computer upgrades. That effects company like Dell and HP who then need to scale back... EVERYTHING is related and symbiontic. That guy who used to make 50k at Dell lost his fixed rate mortgaged home because he lost his income. |
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Where are the news articles showing this???
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When the banks concocted this greed scam to prey on the publics natural desire to have the biggest dik in town with the most toys, there was no energy difficulties so the rate of failure was "manageable" and tolerable.
People are becoming penny wise so they are BOTH less apt and or able to play games with money in volatile times such as we ALL are currently experiencing.
Even the richest man in America pays more for gas, the fact is he can pay 9.00 a gallon and it wont mean a damn thing to him... everything is just lovely... well until he gets down to his last few hundred million.
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Scare tactics. Let's point our fingers at the successful! 
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84Bill
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MAR 08, 03:31 PM
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Red88FF
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MAR 08, 03:40 PM
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| quote | Originally posted by Phranc:
What % of total home loans out there are AMR? What % of those are in forecloser? What % of total loans are in forecloser?
Those simple questions answered would but this in a true big picture perspective. But those numbers don't allow for the fear mongering. |
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Still waiting on this, other than another big nothing for a response.
I would also like to see something that says the "vast majority" are not doing ok. Won't hold my breath on either of these though.
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aceman
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MAR 08, 04:05 PM
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Your opinions are not based on rational facts. Therefore, your opinions are irrational. (Philosophy 101...College Edumacation)
Find me articles that show that a majority of or a large percentage of the housing market crash is due to layoffs at the factories and unemployment, reductions in workers pay or a mysterious outbreak of disabilities and deaths to the homeowners and THEN you'll have a RATIONAL OPINION BASED ON FACTS.
I base my facts off the articles that show that foreclosures and the market meltdown are because people took out loans that they couldn't pay because they figured that if they couldn't pay when the rates went up, they'd sell because the housing prices would go up.
What happened? Too many people bought overinflated market valued houses because they figured that the sky and outer space was the limit for the housing prices to go up and should their payments go higher than their paycheck......SELL. OOPS! Some rational people said......"BULLSH!T!!!! I can't afford and I won't buy a $175,000 house for $225,000. The guy selling it, bought it for $165,000 2 years ago when it was really only worth $150,000." Some dumbsh!t idiot that bought the house for $165,000 two years ago when it was only really worth $150,000 back then, now is left holding the bag on a house worth maybe $175,000 now. What's his options?
A) Hope to sell for $175,000 and walk away with ZERO $$$$ in hand but no house payment on an overinflated house.
B) Stay in the house and bust ass trying to make ends meet to pay the mortgage
C) Say HELLO to foreclosure.
In the end, who was the idiot? a) The Real Estate Agent? b) The Buyer? c) The Bank?
If you chose b), you are CORRECT!
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Got it Bill and Mr Bitter?[This message has been edited by aceman (edited 03-08-2008).]
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Phranc
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MAR 08, 04:06 PM
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| quote | Originally posted by Red88FF:
Still waiting on this, other than another big nothing for a response.
I would also like to see something that says the "vast majority" are not doing ok. Won't hold my breath on either of these though. |
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But how can they use kneejerk emotional arguments if the real picture is shown?
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84Bill
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MAR 08, 06:17 PM
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| quote | Originally posted by aceman:
Your opinions are not based on rational facts. Therefore, your opinions are irrational. (Philosophy 101...College Edumacation)
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So that mean your opinions mean so much more? Haha!!! Whatever Spaceboy.
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aceman
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MAR 08, 07:06 PM
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| quote | Originally posted by 84Bill:
So that mean your opinions mean so much more? Haha!!! Whatever Spaceboy. |
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No, my opinions are based on rational facts. That's what that means, Billy. I don't throw something out there and HOPE that it's believable and no one will cross check the post.
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84Bill
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MAR 08, 07:32 PM
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| quote | Originally posted by aceman:
No, my opinions are based on rational facts. |
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Where are the news articles showing this? LOL
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84fierotrevor
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MAR 08, 08:00 PM
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I dunno what this thread is about beyond the title. i didn't read anyone's posts. I just wanted to say I will prolly be losing my house. but not because of the econemy or global warming. or any of that bullshit. i simply failed at life when I ****ed up and made a huge business mistake causing me to lose both my stores. now If I don't open something that makes me money like my old places soon I will lose alot. I also have to learn from my mistake and not stop opening stores when I feel I am confrotable so a big giant company doesnt come shove me out like last time.
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84fierotrevor
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MAR 08, 08:02 PM
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btw I have no idea who's point I just helped argue. if any. But I am not sticking up for ether one of your sides. bill should be spending his arguing time with his kids. and aceman needs more expert training on how to detect a racist thru the internet 
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