occupy wall st will have the same effect as tahrir square

[Sunshine]

Some Marines are now backing them...

Semper Fi: Marines Coming To Protect Protesters On Wall Street | Addicting Info

Those guys are going to be in TROUBLE!

They're no longer active-duty. As long as they don't represent themselves as spokesidiots for the military, they won't get in trouble.

It would seem the uniforms do that.

 

[blu]

That is patently ridiculous. I married in the late 60s. You could build a house and it would double in value in 3 years. A lot of people built and sold 3 houses, and had the 4th one paid for. But that isn't the point. If you make a pledge to pay money back then you [I]should[/I] pay it back even if you did something stupid in the process. People became gluttons. They had to have the biggest and the best the first time around. They weren't willing to start small and work their way up like .

the average person did nothing to have their home lose value. They paid their mortage but the gambling by banks and speculators caused them to lose 3/4 of their investment

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

 

[Sunshine]

the average person did nothing to have their home lose value. They paid their mortage but the gambling by banks and speculators caused them to lose 3/4 of their investment

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

And so, your car worth nothing after 2 or 3 years, means you don't have to pay the rest of the loan off?

Perhaps your father should have just rented. You get in the market for any investment, be it stocks, bonds, or even real estate you are taking a risk.

Or maybe he should have bought lake property. Mine is still appreciating. They aren't making any more lakes you know.

 

[daveman]

Those guys are going to be in TROUBLE!

They're no longer active-duty. As long as they don't represent themselves as spokesidiots for the military, they won't get in trouble.

It would seem the uniforms do that.

It's been five days since the "Marines" said they were deploying to Wall Street.

I can't find any pictures of Marines in their dress uniforms at the protest.

Looks like more leftist morons talking shit.

 

[Intense]

Russian News Agencies are playing up the Demonstration big time.

 

[idb]

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

And so, your car worth nothing after 2 or 3 years, means you don't have to pay the rest of the loan off?

Perhaps your father should have just rented. You get in the market for any investment, be it stocks, bonds, or even real estate you are taking a risk.

Or maybe he should have bought lake property. Mine is still appreciating. They aren't making any more lakes you know.

Oooo...you're cold!!!

 

[Oldstyle]

the average person did nothing to have their home lose value. They paid their mortage but the gambling by banks and speculators caused them to lose 3/4 of their investment

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

Your dad did nothing wrong, Blu...but to be quite honest with you his house was never really worth 220k. It went that high because of a housing bubble brought on by a combination of the government pushing mortgages for people that couldn't afford rent on an apartment...banks making liar loans because they were going to bundle the bad loan and sell it anyways so what did they care...and people driving prices up because they were jumping into 0 down loans with balloon payments with the intention of selling in a short time for a big profit.

Your dad should have been around long enough to realize that real estate markets are cyclical. We had a bad crash back at the beginning of the 90's. We'll have another crash sometime down the line. It's the nature of the beast. Of course we made it worse this time because of the actions of the government, the banks and ourselves. This whole naive notion that it's the banks that are to blame for all of this is rather laughable. If your dad had sold at the right time he would have made a killing. He didn't.

 

[Liability]

Aside from the fact that the group of "protestors" are incoherent in whatever it is they hoped to be "demanding" and "protesting against," and aside from the fact that they have been orchestrated by the likes of Moron.org and the scummy Soros coalition, and aside from the fact that they have come to include anarchists and Marxists and socialists and Alex Jones type fubar conspiracy idiots, has anybody noticed that WHAT "they" are demanding (well, some of them are clamoring for, anyway) would require the nearly complete dismantling of our economic basis?

Does ANYBODY in the lame stream media EVER ask, "don't you guys realize that no corporation EVER pays taxes? And if they did, the costs would merely get passed along to the consumers which the rich can afford and which, therefore, would only dig into the pockets of the very people YOU guys say are being hurt by corporate 'greed?'"

The babbling incoherent mindless rudderless activism of the "protestors" in this side-show clearly reveals that the coordinators and orchestrators of this nonsense have to have some other agenda.

 

[Sunshine]

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

And so, your car worth nothing after 2 or 3 years, means you don't have to pay the rest of the loan off?

Perhaps your father should have just rented. You get in the market for any investment, be it stocks, bonds, or even real estate you are taking a risk.

Or maybe he should have bought lake property. Mine is still appreciating. They aren't making any more lakes you know.

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

 

[Intense]

the average person did nothing to have their home lose value. They paid their mortage but the gambling by banks and speculators caused them to lose 3/4 of their investment

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

Or they went to their true market value.

 

[idb]

And so, your car worth nothing after 2 or 3 years, means you don't have to pay the rest of the loan off?

Perhaps your father should have just rented. You get in the market for any investment, be it stocks, bonds, or even real estate you are taking a risk.

Or maybe he should have bought lake property. Mine is still appreciating. They aren't making any more lakes you know.

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

I missed the part about the dying woman in KY sorry...who is she?

Sometimes people buy a house just to live in - not as an investment.

 

[Intense]

And so, your car worth nothing after 2 or 3 years, means you don't have to pay the rest of the loan off?

Perhaps your father should have just rented. You get in the market for any investment, be it stocks, bonds, or even real estate you are taking a risk.

Or maybe he should have bought lake property. Mine is still appreciating. They aren't making any more lakes you know.

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

Government helped create an Inflated Value to Home Sales, by bringing in multiples of buyers, regardless if they were qualified to own a Home or not. Like Musical Chairs, the Music stopped.

 

[Intense]

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

I missed the part about the dying woman in KY sorry...who is she?

Sometimes people buy a house just to live in - not as an investment.

In that case you would not be worrying about selling then. Many People bought Homes thinking that the Values would continue to rise, and that they could always sell at a profit, after a few years. No Money or Little Money Down, and you walk away with a bundle. Nobody noticed t5hat outside of Government Workers, Salaries remained stagnant, they did not rise with housing costs. It was a failed scheme, and it self destructed.

 

[Sunshine]

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

I missed the part about the dying woman in KY sorry...who is she?
Sometimes people buy a house just to live in - not as an investment.

Me.

 

[Sunshine]

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

I missed the part about the dying woman in KY sorry...who is she?

Sometimes people buy a house just to live in - not as an investment.

In that case you would not be worrying about selling then. Many People bought Homes thinking that the Values would continue to rise, and that they could always sell at a profit, after a few years. No Money or Little Money Down, and you walk away with a bundle. Nobody noticed t5hat outside of Government Workers, Salaries remained stagnant, they did not rise with housing costs. It was a failed scheme, and it self destructed.

That's right. If the home had not been an investment, but was only 'to live in' there wouldn't be any whining right about now.

 

[Sunshine]

Oooo...you're cold!!!

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

Government helped create an Inflated Value to Home Sales, by bringing in multiples of buyers, regardless if they were qualified to own a Home or not. Like Musical Chairs, the Music stopped.

Yeah, and I got my house in TN sold just in the nick of time to buy a lake house which, unlike the one in TN, continues to appreciate.

 

[Intense]

Oh so somebody's daddy makes a bad real estate investment and it is now the responsibility of the poor dying woman in KY. Some people on here couldn't get any more lame if they took lessons. Anyone who doesn't have the stomach for investing shouldn't invest. And I will add parenthetically anyone who doesn't have the knowledge about investing shouldn't invest. Somehow people got the idea that real estate is always a slam dunk. It isn't. Nothing is safe. Even the continents shift periodically. And for someone to think anything in this life is a guarantee has a world view that is completely inaccurate! There are NO guarantees.

Government helped create an Inflated Value to Home Sales, by bringing in multiples of buyers, regardless if they were qualified to own a Home or not. Like Musical Chairs, the Music stopped.

Yeah, and I got my house in TN sold just in the nick of time to buy a lake house which, unlike the one in TN, continues to appreciate.

Providence belongs in a Realm, no Idiot dare tread. It's nice when Good things just fall together, huh.

 

[thereisnospoon]

the average person did nothing to have their home lose value. They paid their mortage but the gambling by banks and speculators caused them to lose 3/4 of their investment

The "average person." Now what the hell is THAT?

IMO, they DID do something, families with an income of $50K bought $200K houses. We were told by banks that you spend for a house what your salary would be in 1 year. So they should have bought a $50K house. Pigs go to the trough. HOGS go to the slaughter!

so my dad who had a year left on his 30 year mortgage, and his house went from 220k to 150k with the crash, did what wrong exactly?

nothing, just like miiilions of other people whose houses went to nothing after the bankers and speculators commited their crimes

Just a minute. First there is no guarantee tied to the purchase of real estate that the real property will increase in value. Any item whether it be a car, boat, plane or yes even a home depreciates in value because the object is USED. Real estate normally appreciates because the market decides that property has become more valuable. However, there are instances where properties do in fact fall in value. Buyers assume that risk. And your Dad is not the only person on the planet that has seen the value of his home decline. My parents are in the same boat. The difference is they don't whine about it.
Yes they are senior citizens living on a fixed income. So you can stow that line.
BTW, it was not "the banks" or Wall Street" that caused the decline in overall home prices.
It was in part government policies such as the Community Reinvestment Act and heavy pressure from government to lenders to extend credit to individuals who normally would be poor credit risks. With so many new people entering the housing market, demand rose dramatically and that drove prices skyward.
In a normal market my home value would not have risen nearly 100% in 10 years. For anyone to think that is a viable appreciation is nuts. My home value has dropped 50% of that inflated gain in the last 4 years. Am I bitching? No. I deal with it.

 

[georgephillip]

How do you deal with the "epidemic of mortgage fraud" the FBI began warning about in 2004?

If the CRA was responsible for the housing collapse, explain why the majority of failed mortgages was issued by institutions like Countywide who were NOT burdened by CRA regulations.

We've just live through the greatest transfer of private debt into public debt in history.
And those who committed the fraud are coming back for more.

If you are NOT bitching about this, you're a slave who thinks "choosing" between Republican or Democrat makes the slightest difference to Wall Street or the Pentagon.

 

[Amelia]

Did you see the Occupy Atlanta cluster **** which stopped John Lewis from speaking?


[ame=http://www.youtube.com/watch?v=3QZlp3eGMNI]Occupy Atlanta Silences Civil Rights Hero John Lewis! - YouTube[/ame]