The economy, is it good or bad. (Page 18/181)
84Bill AUG 07, 09:30 PM

quote
Originally posted by ditch:
Don't get me wrong, I feel bad for people who are losing their homes. I think these places that give sub-prime loans to people they know can't afford them are complete scum. But, part of the blame lies with the dummy who signed the contract in the first place....the person who bought a house they should have known they couldn't afford. Outsourcing has nothing to do with it.



Right.. we hold the people responsible for not reading the fine print instead of mandating that the scumbages who came up with this grand idea to state the obvious down side for an interest only mortgage. Not that they wouldnt push it anyway because the banks can get even more money by holding the house and renting it out AND still getting the bad people who defaulted on the loan to pay up.. Kinda a win win for the banks and Turddsters everywhere.

I know a friend of mine who is crying the blues about it now. Fortunatly he kept his puny 2400 square foot bungalow and now may have to take a major hit on the fire sale of his new estate... Fortunatly he hires guys with wet sneekers to do his labor really cheap so he can pocket the cash.

He laso has 250k motor home, new Ford Bronco and Jeep grand cherokee new boat and Piper Arrow. Poor guy...

[This message has been edited by 84Bill (edited 08-07-2007).]

ditch AUG 07, 10:03 PM

quote
Originally posted by 84Bill:

Right.. we hold the people responsible for not reading the fine print instead of mandating that the scumbages who came up with this grand idea to state the obvious down side for an interest only mortgage.




Absolutely. For most, the purchase of a home is the biggest investment of their lives. The least they could do is take the contract home and read it, consider the risk, and assume the worst case scenario.

I also believe the subprime loaners should be shut down because....unfortuantely....there are too many stupid, financially illiterate people in this country that will quickly sign up for something they can't afford....all because it looks good 'at a glance'. In this case, I believe we should save the dummies from themselves.
84Bill AUG 07, 10:33 PM

quote
Originally posted by ditch:
I also believe the subprime loaners should be shut down because....unfortuantely....there are too many stupid, financially illiterate people in this country that will quickly sign up for something they can't afford....all because it looks good 'at a glance'. In this case, I believe we should save the dummies from themselves.




The problem with that is our legislature is more interested in malfaisance. Afterall who do you think attends the relection dinners at a few grand a plate, fund raisers and offers up those one day month full benefit consultant positions? Then there are the Turddsters who will whine and complain because it will leave one less way to sell an over priced POS so they can get their slimey hands on the commision check. They dont care if the person defaults on the loan.. they want the cash and go method to be as simple and non descript as possible.
Phranc AUG 07, 11:25 PM

quote
Originally posted by 84Bill:
The problem with that is our legislature is more interested in malfaisance (huh?). Afterall who do you think attends the relection(huh?) dinners at a few grand a plate, fund raisers and offers up those one day month full benefit consultant positions? Then there are the Turddsters who will whine and complain because it will leave one less way to sell an over priced POS so they can get their slimey hands on the commision(huh?) check. They dont care if the person defaults on the loan.. they want the cash and go method to be as simple and non descript(huh?) as possible.

Speaking of people who will whine and complain bill what kind of loan can you get while or welfare? I hope no one takes anything you say about economics seriously. All you do whine about things you have failed at and blame others for it. You hate Toddster because you can't afford a house which is why you live at home with your mom.But then again you don't want people to be responsible for what they sign you want the government to take care of them like it takes care of you with your welfare. For some one who cries about the government where would you be with out it bill?

Economics: Another thing bill doesn't know what hes talking about.
84fiero123 AUG 07, 11:51 PM

quote
Originally posted by ditch:


You're talking sub-prime loans here. I hate outsourcing just like the next guy, but the fallout from subprime loans is not due to outsourcing. Interrest rates reset after a period of time and mortgage payments went up. That's not because of outsourcing, that's because of some bozo signing a contract without reading it completely. It's simple:

1) They had the opportunity to read the entire contract before they signed
2) They had the opportunity to consider whether they could afford the payments based on their income
3) They knew it was adjustable rate and the payment could go up dramatically

Don't get me wrong, I feel bad for people who are losing their homes. I think these places that give sub-prime loans to people they know can't afford them are complete scum. But, part of the blame lies with the dummy who signed the contract in the first place....the person who bought a house they should have known they couldn't afford. Outsourcing has nothing to do with it.



All I meant was that the people who buy these properties from people like the Turd who can get you into a house you can’t afford without some type of creative financing are having the problems because they are loosing their jobs to outsourcing.

Then they can't pay their over inflated mortgage payments.

But the Turd walks away telling them no worry in a year or two you can sell and make a profit, ya right, if anyone else besides people like the Turd can afford the price. He makes money whether they lose their home or not, he doesn’t care if you can make the payments down the road, or the housing market goes down the tubes, so long as he make his money.

------------------
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and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

[This message has been edited by 84fiero123 (edited 08-07-2007).]

ditch AUG 07, 11:59 PM

quote
Originally posted by 84fiero123:
All I meant was that the people who buy these properties from people like the Turd who can get you into a house you can’t afford without some type of creative financing are having the problems because they are loosing their jobs to outsourcing.



This is the most rediculous statement I have heard in a long time.

That has NOTHING to do with outsourcing...PERIOD. It's because someone signed a contract to buy something they can't afford. I say they should read a contract before they sign. Is that too much to ask??? Their jobs aren't going away, their mortgage payment is going up. It's not rocket science.

Again, I HATE oursourcing, but it doesn't apply here.


quote
Originally posted by 84fiero123:
But the Turd walks away telling them no worry in a year or two you can sell and make a profit, ya right, if anyone else besides people like the Turd can afford the price.




quote
Originally posted by 84fiero123:
There was a thing on Good Morning America today about how mortgage lenders are now filing bankruptcy to protect themselves from all the bad loans they put out to people Turdster sold homes to.



Since there have been so many references to Toddster and his unfair practices, would anyone be willing to post something to prove that he is directly involved in the sub-prime mortgage issue???

I don't know the guy and have no reason to like/dislike him, but would love to see some facts. He has been referenced several times in this thread as part of the sub-prime problem.

I would hope there is some proof. Otherwise, I'll have to assume the people I'm talking to are making up facts and therefore....aren't worth listening to....which of course brings every statement they make into question

[This message has been edited by ditch (edited 08-08-2007).]

84Bill AUG 08, 12:04 AM

quote
Originally posted by Skanc:
Cry whine complain biotch whine stomp feet bill blaah blubber cry complain moan angry beaver oscar the grouch pissy mood biotch whine bill this that rant cry stomp feet back flips belly flops cries for daddy Snip:




Give it up Skanc. Whats the problem Skanc? Is the trashcan is getting empty Skanc. Do you want to add another thread to it Skanc..

I'll discuss the topic with you in the thread you jacked from 84fiero123 and had set to the can.. Dont bring your hate here and do it again.

I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY
Phranc AUG 08, 12:13 AM

quote
Originally posted by 84Bill:



Give it up Skanc. Whats the problem Skanc? Is the trashcan is getting empty Skanc. Do you want to add another thread to it Skanc..

I'll discuss the topic with you in the thread you jacked from 84fiero123 and had set to the can.. Dont bring your hate here and do it again.

I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY



The problem is you don't have a clue what your talking about bill. I just pointed it out.

Speaking of rating accoringly does that mean you want them to rate you a negative for calling Toddster turdster and me skanc?
84Bill AUG 08, 12:16 AM

quote
Originally posted by ditch:



Be patient with him.
He's stating that outsourcing is causing ONE person in the house to loose a job and that means the mortgage is defaulted on. I can see the connection he is making. Believe it on not there was a time where one person could make the mortgage payment and bills with ease but now the requirement is such that both must have full time jobs in order to make it. Financers are quick to hand a "taylor made high interest loan" to get them into a house even when the economy is heading south. The people are stu pod but the lender and their cohorts in crime the turds dont mind selling them down the river. At that point someone with some knowledge should step up and let these people know that the market isnt looking so hot.. here's a better deal.. But that would mean less commision and the sales person.. the turds would hear this sudden swishing noise.

He said the Turd.. was he refering to our beloved Toddster. Porveyor of truth, Justice and the Amerikan way? Could be but I know Todd would sell hot tamales to people in hell if he could make a buck doing so.

He's a commisioned sales person and "they" typically do use tactics which by law are are okay but the morality is questionable.

Like showing a property on a monday which is located under the approach of an airport runway and after the people plunk down 250k and sign off on that "charming" 2 bedroom shack with in ground cesspool. However they soon find out the first Saturday and Sunday after they moved in that pilots fly on the weekends.. its noisey... they need to close down that airport.

Get the sale take the money and only give the barest of facts about the place and it's location and the loans as possible. Sell Sell Sell..

[This message has been edited by 84Bill (edited 08-08-2007).]

84Bill AUG 08, 12:18 AM

quote
Originally posted by Phranc:
The problem is you don't have a clue what your talking about bill. I just pointed it out.

Speaking of rating accoringly does that mean you want them to rate you a negative for calling Toddster turdster and me skanc?




Once again
I ENCOURAGE EVERYONE READING THIS THREAD TO RATE ACCORDINGLY