09-07-2007, 11:56 PM | #1 (permalink) |
Mr. b Join Date: May 10 2005 Age: 54
Posts: 7,247
Rep Power: 68 | Record foreclosures on mortgages ... This may be a sensitive subject for some readers (God, I hope not), but what about these "record foreclosures" on mortgages we've been reading so much about? The business man in me says, "Gimme the money ****** or get the Hal out!". The economist in me says, "Don't put 'all' of these people on the street, things will get worse!". The socialist says, "Cut their payments down and extend the life of the loan, but this is their absolute last chance." IDK - what do all of you think about this?
__________________ "A dusty bible leads to a dirty life ..." -Synonymous |
09-08-2007, 12:51 AM | #3 (permalink) |
I love Derf!! Join Date: Mar 12 2002 Location: Undisclosed Secure Location
Posts: 2,636
Rep Power: 26 | Re: Record foreclosures on mortgages ... I think Democrats control Congress and this is a consequence. They want the White House too.... That would be devastating for the economy. If Republicans keep the White House and control either the House of Representatives or the Senate, we will return to prosperity. |
09-08-2007, 01:23 AM | #4 (permalink) |
I love Derf!! Join Date: Jan 11 2006 Location: Hawaii
Posts: 65
Rep Power: 0 | Re: Record foreclosures on mortgages ... AMEN!!!!!!!!!!!!!!!! Right on Jim. Aloha!
__________________ Aloha, "For one to live in paradise, one must work in paradise." Thank goodness for indoor tanning. |
09-08-2007, 01:41 AM | #5 (permalink) |
Mr. b Join Date: May 10 2005 Age: 54
Posts: 7,247
Rep Power: 68 | Re: Record foreclosures on mortgages ... Really? That's the reason that people aren't or can't pay for their homes every month? You don't think it might have a little more to do with people spending the money they do make on other ****?
__________________ "A dusty bible leads to a dirty life ..." -Synonymous |
09-08-2007, 09:21 AM | #7 (permalink) |
Join Date: May 20 2003
Posts: 9,301
Rep Power: 29 | Re: Record foreclosures on mortgages ... It's funny, the democrats seem to have control over everything yet when the Republicans were in power they got nothing done. Seems to give a lot of credit to the power of the democrats...couldn't be due to all the republicans QUITTING for being so correct about our current situation in Iraq. JIM, YOU NEED TO JOIN THE FIGHT AGAINST TANNING CAUSE YOUR POSITION ON REALITY IS AS REAL AS THEIRS. NO BASIS OF REALITY. You say it yourself Hindsight is 20/20 yet you still don't won't budge thanks to your "love" for some clown that DOES NOT REPRESENT REPUBLICAN VIEW ON ANYTHING. DO a little research on Joseph Stalin and you will see what REALITY is and how Bush's FOR US OR AGAINST US is VERY VERY BAD way of doing business. But that would mean LEARNING REALITY which just doesn't work these days. You even say it yourself, Hen |
09-08-2007, 09:26 AM | #8 (permalink) |
Team TanTalk Join Date: Aug 12 2004 Location: ITA 2004-2013 / ASA 2013
Posts: 3,444
Rep Power: 30 | Re: Record foreclosures on mortgages ... IMO very little of the blame falls on the mortgage companies. People nowadays are always spending money they don't have under the pretense that they "deserve" it. Did these people really think their adjstable rate mortgages were never going to adjust (go up)? I am not willing to have my tax money used to subsidize any type of program that rewards people who got themselves into financial trouble. |
09-08-2007, 09:31 AM | #9 (permalink) | |
Join Date: May 20 2003
Posts: 9,301
Rep Power: 29 | Re: Record foreclosures on mortgages ... Quote:
I'll buy that on credit! | |
09-08-2007, 09:48 AM | #10 (permalink) |
I love Derf!! Join Date: Sep 14 2006 Location: southeast
Posts: 394
Rep Power: 18 | Re: Record foreclosures on mortgages ... what it boils down to, people try to keep up with the jones. The Jones have a cadillac the smith's have to top that with a lexus. The Jones have a million dollar house the jackasses have to buy a 2 million dollar house. This society has done it to themselves. Everyone is the blame. Not the dems or the repubs but everyone. It is so sad. |
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