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08-09-2007, 01:30 PM | #21 |
Rock Crawler Join Date: Jan 2006 Location: In the basement
Posts: 929
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God forbid anyone take responsibility for their actions. Good thing we have stupid asses like her around to absolve everyone |
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08-09-2007, 01:30 PM | #22 |
Dirt Addict Join Date: Jan 2004 Location: Stumblin' thru the parking lot of an invisible 7-Eleven
Posts: 1,053
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08-09-2007, 01:36 PM | #23 | |
I wanna be Dave Join Date: Sep 2005 Location: Houston, TX
Posts: 16,952
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I just moved for a new job with a massive pay raise and had to sell my house (which I owned for less than a year). The selling price was just a bit over what we sold it for, but the costs to sell were pretty high. Keep in mind that to sell a house, you will pay about 10% for agent fees and closing costs, etc. So, while I could afford to sell the house and will make up my loss in a few months, most people cant afford this situation. In this way, I house can be a burden and can force you into situations which are less than optimal. | |
08-09-2007, 01:38 PM | #24 |
Newbie Join Date: May 2007 Location: Glendale
Posts: 39
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08-09-2007, 01:41 PM | #25 |
Rock Crawler Join Date: Jan 2006 Location: In the basement
Posts: 929
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I don't feel that you should be able to make a career out of being a politic. To hell with all of these morons who have been in the game their whole lives. How about we get an average middle class person to run the government. |
08-09-2007, 01:58 PM | #26 | |
Rock Crawler Join Date: Apr 2007 Location: Hawaii
Posts: 709
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Good point, I didn't think of that since I knew where I was going to live. | |
08-09-2007, 02:19 PM | #27 | |
RCC Addict Join Date: Feb 2005 Location: Crawlifornia Uber Alles
Posts: 1,146
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as far as buying my own place, i would love to! you would be insane to buy a home in so-cal right now. and being 40 years old, i certainly know that you don't build equity by renting. | |
08-09-2007, 03:25 PM | #28 | |
06 Super National Champ Join Date: Jun 2004 Location: Stark Industries Bar and Grill
Posts: 11,361
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You could do like the rest of California, move to Arizona and ruin their housing market. | |
08-09-2007, 03:32 PM | #29 |
Newbie Join Date: May 2007 Location: Glendale
Posts: 39
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That's why the wife and I can't afford one quite yet. Soon enough though.
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08-09-2007, 03:36 PM | #30 |
I wanna be Dave Join Date: Jul 2006 Location: Moscow Mills MO
Posts: 2,204
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08-09-2007, 03:46 PM | #31 |
RCC Addict Join Date: Feb 2005 Location: Crawlifornia Uber Alles
Posts: 1,146
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08-09-2007, 04:24 PM | #32 |
I wanna be Dave Join Date: Apr 2005 Location: Vegas
Posts: 7,172
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08-09-2007, 05:30 PM | #33 |
I wanna be Dave Join Date: Sep 2005 Location: Houston, TX
Posts: 16,952
| Oops....meant to say that the selling price was a bit higher than what we bought it for. Yeah, I wasnt expecting to move either, but I was offered an excellent opportunity. I am glad I had the funds to sell my house and not be stuck there... |
08-09-2007, 07:01 PM | #34 |
I wanna be Dave Join Date: May 2007 Location: Taylors Falls just hanging with the MNRCRC crew.
Posts: 7,843
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The mortgage brokers gave loans to anyone with a heartbeat. If those loans go defunct the brokers should pay 50% the default costs. Feekin Gordon Gecko greed BS. Should be laws that make grossly improper sales a crime. |
08-09-2007, 07:53 PM | #35 |
RCC Addict Join Date: Feb 2005 Location: Crawlifornia Uber Alles
Posts: 1,146
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08-09-2007, 09:12 PM | #36 |
RCC Addict Join Date: Jul 2004 Location: The other Crawler State
Posts: 1,247
| they had to go somewere, we ran out of houses in western WA. Last edited by DUDE; 08-09-2007 at 09:39 PM. |
08-09-2007, 09:37 PM | #37 |
Rock Stacker Join Date: Apr 2007 Location: Austin
Posts: 93
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It's a combination of bad lending programs and the brokers that sell them. "ah Mr Jones I see you only make $3000 a month. Sure I get you financed for $500,000. We'll do a interest only ARM for 24 months at .5%, your payment is only $900 a month, sound good? Greaaat." Mr Jones forgot to ask about the 25th payment, and if he did ask..."oh don't worry about that, rates will go way down by then and we can refinance you, nothing to worry about" The ARM runs 24 payments at .5% then rolls to a 24 month adjustable and his payment triples. I can't get refinanced into a fixed loan because he doesn't make enough money. He then becomes behind on the 25th and 26th payment, killing his credit, now he can't even get another interest only ARM approved. I would like to research how many foreclosures happen on fixed rate loans compared to ARMs. Hillary: We voting conservatives need to take a play from the Libs play book on this one. Call this bail out what it is. Giving money to the large corporate bank and lenders, rewarding them for having such low standards when lending money. isn't that what they say Bush is doing for BIG OIL? I think she will be the next President, too bad really. Any woman who stays with a cheater is a weak B*tch in my book. I like Fred Thompson, not as Libertarian as i usually like my Republicans, but he is electable. Any guy that fat that can score a hot wife and a TV gig is good in my book. |
08-09-2007, 09:44 PM | #38 |
RCC Addict Join Date: Jul 2004 Location: The other Crawler State
Posts: 1,247
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If Hillary becomes president, we will go through another Jimmy Carter era, and trust me your wallet will hurt and jobs will be gone. Carter was a bleeding heart, all for helping the lazy and the weak, it ruined the US economy bad. Hillary can't win if the majority won't vote for her, are you a voting citizen?? Last edited by DUDE; 08-09-2007 at 09:46 PM. |
08-09-2007, 09:49 PM | #39 | ||
Dirt Addict Join Date: Jan 2004 Location: Stumblin' thru the parking lot of an invisible 7-Eleven
Posts: 1,053
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Quote:
Jay Last edited by roktoy; 08-12-2007 at 10:26 PM. | ||
08-09-2007, 09:53 PM | #40 |
Newbie Join Date: Apr 2007 Location: Poconos
Posts: 43
| While I agree that the broker and brokerage houses are a little shady, If these idiots buy a house that they can't afford and don't do their homework on something as important as a mortgage then they deserve to be thrown into debtors' prison with forced labor until the note is paid off. Hillary sucks!
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