Foreclosures at record as household wealth falls (Page 9/19)
aceman MAR 07, 11:57 PM
LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE, LOSE

NOT.........

LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE, LOOSE

Extreme pet peeve.

Mr Bitter, you not making a valid, thought-out argument again. You're trying to make an argument that you hope is true. Unemployment has not gone up more than POINT 2 % over the past 3-4 years. People ARE NOT LOSING their jobs like you think and thus making it a contributing factor to the housing fallout. There is no statistical data that you can use to back this up, Mr Bitter.

Come back when you have a clear, thought-out, legit and factual argument, PLEASE!
aceman MAR 08, 12:03 AM

quote
Originally posted by 84fiero123:

I was lucky when I had my stroke I had enough put away to last more than a year before I got behind on my home loan and it was a regular loan.

Luckily I didn’t loose it, others would have.

There are more reasons than an ARM that people get behind on home loans Ace, a lot.

We have several members right here in the last year that I can remember that have had injuries, life changing disabilities, and more.




But, these are not the reasons for the housing market today. There has always been these issues. They're "non-issues" to a housing market. They're "built-in" to a housing market.
84fiero123 MAR 08, 12:04 AM
Example ace.

You loose a leg, after you leave the military, so you are not eligible for a military disability.

Just how long can you pay your present bills without any income.

Just be sure disability even like I get takes 6 months before you are even eligible for it.

Then at least another year before you will ever see any of it.

Can you last that long ace?

And you will get denied the first time, and the second time, I can guaranty you that so now that year and a half has now turned into 2 years with no income.

Can you last that long ace and still keep your home and cars?

And you have to live, go to doctors, buy food, can you do all that ace and still keep your house?

See this is what I am trying to tell you ace not everyone who defaults on a loan is because it was an ARM.

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

aceman MAR 08, 12:07 AM
Steve, go research on google what percentage of disabilities is contributing to the mortgage meltdown. 2,3,5% max? Probably not even that. Like I said, these are "built into" the housing market". There's a reason that disability insurance is offered and sold on mortgages.
Phranc MAR 08, 12:11 AM

quote
Originally posted by 84fiero123:


See that’s just what I am talking about.

Hey everyone told those people it was safe, homes would go up in value in a year or 2 and they could refi or sell and make more.

But just blame it on the small guy, the bankers are not at fault at all, right Phranc?

I mean they knew last year what was happening, hell I saw it and no one believed me them.

Yet those same bankers kept giving out those same high risk loans.




I thought I wasn't worth your boot poop?

I put the blame on the idiot who signed the loan he couldn't afford of his own free will.

You'd think people would make sure they know exactly what they are getting into when making a porches that big. Its a house on a table set.
84fiero123 MAR 08, 12:11 AM
And you believe everything the government tells you right ace, they have never lied to you ever right.

Unemployment benefits only last so many weeks, then nothing. Then you are no longer on the unemployment %s.

You make this sound so simple, “The government says we are doing just peachy.”

Well we are not, even good old King George is finally having to admit it.

What do you think they are going to do, say we are in a recession and watch it turn worse because people will then stop spending even more than they have now.


And ace I am not just talking about disabilities, lost jobs,
Deaths of a family member is all it take sometimes to loose a home.

There are many, many more reasons than you are thinking.

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

Phranc MAR 08, 12:15 AM
King George? When did we get a King? I thought we had elected presidents.
84Bill MAR 08, 12:20 AM
I mean jesus effing christ in a coke can... it's the same people barfing out the same exact bullcrap thread after thread after thread. You guys just infect thread after thread. Why not just keep it all in one nice neat turd and reconstitute the economy thread?
aceman MAR 08, 12:22 AM

quote
Originally posted by 84fiero123:

And you believe everything the government tells you right ace, they have never lied to you ever right.

Unemployment benefits only last so many weeks, then nothing. Then you are no longer on the unemployment %s.

You make this sound so simple, “The government says we are doing just peachy.”

Well we are not, even good old King George is finally having to admit it.

What do you think they are going to do, say we are in a recession and watch it turn worse because people will then stop spending even more than they have now.


And ace I am not just talking about disabilities, lost jobs,
Deaths of a family member is all it take sometimes to loose a home.

There are many, many more reasons than you are thinking.




What fuking part of LOSE vs LOOSE didn't you fuking understand?

What part of your post relates to the title of the post:

Foreclosures at record as household wealth falls

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

We aren't at a record foreclosure rate because mysteriously people are dying at a faster rate or people are becoming disabled at an alarming rate or EVEN people are LOOSING their job at an alarming rate.

Your argument just headed south to the drunken, bitter, ignorant fuk at a low-class bar looking for an argument or a fist fight about anything.

Come back when you have a logical argument, Mr Bitter
craigsfiero2007 MAR 08, 12:47 AM
Nevermind

[This message has been edited by craigsfiero2007 (edited 03-08-2008).]