CA cities consider taking over .....

Discussion in 'Economy' started by tenthertoo, Jul 5, 2012.

  1. tenthertoo
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    tenthertoo ...worst of all I'm DULL

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    ... in the latest panic reaction to upside down mortgages.:eusa_boohoo:

    I've never understood this "national tragedy". What the hey it happens every time you buy a car.

    If somebody buys a house for some reason other than making a home to live in they are engaging in speculation. You speculate you most often lose. SHEESH!
     
  2. Mr.Nick
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    Mr.Nick VIP Member

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    I predict that the government will just start seizing homes - then turn them into "affordable living facilities" for gangbangers and bums...
     
  3. tenthertoo
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    tenthertoo ...worst of all I'm DULL

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    you are probably right on the take over - but I'd think they'd just let the "speculators" keep them
     
  4. tenthertoo
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    tenthertoo ...worst of all I'm DULL

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    Moved from politics?? What the hey - this is a political issue for sure.
     
  5. Katzndogz
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    Katzndogz Diamond Member

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    The specific targets will be those who are current on their mortgage payments. Those too stubborn to walk away and default.
     
  6. tenthertoo
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    tenthertoo ...worst of all I'm DULL

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    Those are the folks who either: bought for the "right" reason ( a house to make a home in) and/or good old fashioned Americans who keep their word. In either case they made a deal that seemed right at the time and like sometimes happens they were incorrect. Life's like that.
     

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