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Jason
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Joined: 02 Jan 2007
Posts: 7532
Location: Stapleton, Colorado
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 Posted: Tue Oct 20, 2009 1:55 pm Post subject: |
 #21 |
GEEZ DENIS
i mean- we've disagreed in the past
but seriously- we shouldn't have to work at all, machines will do all the work for us and we can sit back and watch houses build themselves, and cars, and holes will magically dig themselves for foundations, and machines will put shoring up, and rebar will tie itself, metal in the field will automatically weld to other metal its touching
all anyone will do is watch sh|t do itself
didn't you see the tomatoes jumping off the vine into the truck, and then the truck drive itself to the grocery store, and the tomatoes jump onto the shelf, and the personal robot that went to the store so you didn't have to?
DIDN"T YOU 
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darkcloud
2 thumbs up
Joined: 15 May 2007
Posts: 356
Location: SoCal
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| Posted: Tue Oct 20, 2009 2:03 pm Post subject: |
#22 |
Noman3,
Hit us with those phone numbers. I'm sure there are others who will need the help as well.
Darkcloud
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darkcloud
2 thumbs up
Joined: 15 May 2007
Posts: 356
Location: SoCal
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| Posted: Tue Oct 20, 2009 2:14 pm Post subject: |
#23 |
Nate,
I bought two years before the peak. I guess in your world myself and others are just morons. Next time I decide to make a large purchase, may I consult with you? Or does your crystal ball only have a "look back" capability?
I'll continue living up to the deals I made until this economy drives my company out of business. Then all bets are off.
I guess I should have known twenty plus years ago that the airline industry was a poor career choice...Stupid me, eh Nate?
Darkcloud
We have ALL been gamed by the system and I wish everyone the best of luck. We all need it.
Last edited by darkcloud on Wed Oct 21, 2009 12:18 pm; edited 2 times in total |
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FPeel
3 thumbs up
Joined: 28 Aug 2009
Posts: 1116
Location: San Jose, CA
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| Posted: Tue Oct 20, 2009 2:46 pm Post subject: |
#24 |
| xerxes wrote: |
| Well since we're on the topic of buying houses..... |
I believe that one has already been bought and sold. On several occasions...
Frank
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"If you're not living on the edge, you're taking up too much space." - Anonymous |
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red
3 thumbs up
Joined: 13 Aug 2007
Posts: 2732
Location: Utah, USA . . . . . . . . . . . . . Sol III
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| Posted: Tue Oct 20, 2009 3:42 pm Post subject: if your lossing your home look at this |
#25 |
. . . .  . . . . . . . . . . . . . . . . . . . . . . . .
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Cheers,
........Red.........................
Pssst! New pilot? Free advice, maybe worth the price,
http://www.xmission.com/~red/
H4, Moyes X2, Falcon Tandem, HES Tracer, Quantum
Last edited by red on Tue Oct 20, 2009 5:15 pm; edited 1 time in total |
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designbydave
3 thumbs up
Joined: 28 Apr 2007
Posts: 2429
Location: Rancho Cucamonga, CA
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| Posted: Tue Oct 20, 2009 3:51 pm Post subject: |
#26 |
Please let us all direct any and all anger and ill feelings toward those responsible for the current housing problem (as well as all other recessions/depressions over the last 100 years)
http://endthefedusa.ning.com/
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-Dave
http://www.designbydave.net/ |
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HGXC
1 thumbs up
Joined: 22 Jul 2006
Posts: 2921
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| Posted: Tue Oct 20, 2009 6:55 pm Post subject: |
#27 |
Dave blame the boogeyman if you want but the blame is on the guy who bought a home he couldn't afford unless everything went good. or the guy who couldn't read a mortgage contract.
Most people pay their bills.
Dennis
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flakey
1 thumbs up
Joined: 14 Nov 2007
Posts: 667
Location: Huntington Beach, Ca USA
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| Posted: Wed Oct 21, 2009 7:07 am Post subject: |
#28 |
| knumbknuts wrote: |
There are 40,000-80,000 unlisted foreclosures in the shadow inventory of So Cal. There are also countless people who haven't made a payment in a year, hoping to pull of what Noman has. If they don't, the crash is going to be hard.
You think it was bad in 2008? Wait until the US Government gets a bill for Trillions and Trillions when banks start exploding (after someone does some math). |
Yeah, what is with that any way. I know 2 different people who haven't made a payment in a year. One is still living in his house and the other who went belly up on 2, is renting them out to the tune of more than 6k a month. Sounds like good business to me. Make no payments and pocket the cash. I think it's leagle too. Is no one actually being foreclosed on? The TV says the banks don't want the properties to be empty.
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Jason
3 thumbs up
Joined: 02 Jan 2007
Posts: 7532
Location: Stapleton, Colorado
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| Posted: Wed Oct 21, 2009 7:18 am Post subject: |
#29 |
| flakey wrote: |
| knumbknuts wrote: |
There are 40,000-80,000 unlisted foreclosures in the shadow inventory of So Cal. There are also countless people who haven't made a payment in a year, hoping to pull of what Noman has. If they don't, the crash is going to be hard.
You think it was bad in 2008? Wait until the US Government gets a bill for Trillions and Trillions when banks start exploding (after someone does some math). |
Yeah, what is with that any way. I know 2 different people who haven't made a payment in a year. One is still living in his house and the other who went belly up on 2, is renting them out to the tune of more than 6k a month. Sounds like good business to me. Make no payments and pocket the cash. I think it's leagle too. Is no one actually being foreclosed on? The TV says the banks don't want the properties to be empty. |
how can it be legal to rent out property you don't own
oh that pisses me off
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day dreamer
2 thumbs up
Joined: 04 Dec 2007
Posts: 3743
Location: McClure Pilot
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| Posted: Wed Oct 21, 2009 7:18 am Post subject: |
#30 |
I lost my home of 14yrs. and I deserve it. I bet I make my family proud. I couldn't stand my hateful neighbors anyways. Now I kinda regret not getting new vehicles and big screen tv's for every room. I haven't had cable in over five years. Now, the place I'm renting, the dude has been getting the same certified mail I was recieving up until the end. I sent him a letter asking if we should start looking for a place, he never responded. And now has redirected his mail. Last we spoke, he lost his job as a foreman for a construction job. I love amerika.
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FormerFF
3 thumbs up
Joined: 28 Aug 2006
Posts: 2482
Location: Roswell, Georgia, USA
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| Posted: Wed Oct 21, 2009 8:26 am Post subject: |
#31 |
| day dreamer wrote: |
| I lost my home of 14yrs. and I deserve it. I bet I make my family proud. I couldn't stand my hateful neighbors anyways. Now I kinda regret not getting new vehicles and big screen tv's for every room. I haven't had cable in over five years. Now, the place I'm renting, the dude has been getting the same certified mail I was recieving up until the end. I sent him a letter asking if we should start looking for a place, he never responded. And now has redirected his mail. Last we spoke, he lost his job as a foreman for a construction job. I love amerika. |
Day, I'm so sorry to hear you lost your house. it seems that most of the people who have been foreclosed on fall into one of two groups. Either they got caught up in the bubble, or their income fell off the shelf in this severe recession. Since you'd been in your house so long, I'm guessing it's the latter. That's the case with most of the foreclosures around here. We didn't really see a price bubble in many areas, but we've seen a lot of unemployment, and that's what's driving foreclosures.
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miguel
3 thumbs up
Joined: 22 Jul 2006
Posts: 587
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| Posted: Wed Oct 21, 2009 8:26 am Post subject: |
#32 |
For those who do not know Noman3, he started his machine shop in a garage with worn out, broken down machines. He repaired and rebuilt these machines himself, while living over the garage. As business got better, he then tore down the garage and built a real shop. He eventually outgrew this shop and moved to his present place that has a huge shop building on the property.
Noman3 is not a scam artist or a dupe as some of you have implied. He is honest, hardworking and will pay his debts.
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darkcloud
2 thumbs up
Joined: 15 May 2007
Posts: 356
Location: SoCal
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| Posted: Wed Oct 21, 2009 10:28 am Post subject: |
#33 |
I have friends who have watched their home values in California drop by forty five percent or more while taking up to thirty five percent pay cuts. None of this was their fault. They continued making mortgage payments until they were forced to short sell their homes due to the salary cuts.
The actions of the mortgage providers and the oil speculators have truly devastated so many citizens of this country. Then the seriously mismanaged automobile manufacturers score a taxpayer funded bailout that should never have been given. I almost forgot the banks. They made out rather well in all of this too.
It's almost as if all of this has been planned and executed rather well.
The manner in which this country has been managed really sickens me.
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Jason
3 thumbs up
Joined: 02 Jan 2007
Posts: 7532
Location: Stapleton, Colorado
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| Posted: Wed Oct 21, 2009 10:43 am Post subject: |
#34 |
| HGXC wrote: |
Dave blame the boogeyman if you want but the blame is on the guy who bought a home he couldn't afford unless everything went good. or the guy who couldn't read a mortgage contract.
Most people pay their bills.
Dennis |
Dennis, throughout history people have been plotting and coming up with schemes to get rich at the expense and suffering of others.
Our own history shows this
The first bank of the united states
| Quote: |
According to the plan put before the first session of the First Congress, Hamilton proposed establishing the initial funding for the Bank of the United States through the sale of $10 million in stock of which the United States government would purchase the first $2 million in shares. Hamilton, foreseeing the objection that this could not be done since the U.S. government didn't have $2 million, proposed that the government make the stock purchase using money lent to it by the Bank; the loan to be paid back in ten equal annual installments |
the bank which has no money is going to be funded by the Federal Government buying 2 million in stock borrowed from the bank with no funding?
| Quote: |
There were other, nonnegotiable conditions for the establishment of the Bank of the United States. Among these were:
* That the Bank was to be a private company.
* That the Bank would have a twenty year charter running from 1791 to 1811, after which time it would be up to the Congress to renew or deny renewal of the bank and its charter; however, during that time no other federal bank would be authorized; states, for their part, would be free to charter however many intrastate banks they wished.
* That the Bank, to avoid any appearance of impropriety, would:
1. be forbidden to buy government bonds.
2. have a mandatory rotation of directors.
3. neither issue notes nor incur debts beyond its actual capitalization.
* That foreigners, whether overseas or residing in the United States, would be allowed to be Bank of the United States stockholders, but would not be allowed to vote.
* That the Secretary of the Treasury would be free to remove government deposits, inspect the books, and require statements regarding the banks condition as frequently as once a week.[3]
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From the very begining of this country private moneymen have been trying to control the currency
The Second Bank of the United States was once again PRIVATE
and now the Federal Resevre---once again PRIVATE money men controlling the currency
Its been going on for hundreds of years-----but of course for some reason it could not be happening today
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HGXC
1 thumbs up
Joined: 22 Jul 2006
Posts: 2921
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| Posted: Wed Oct 21, 2009 1:12 pm Post subject: |
#35 |
| Quote: |
Dennis, throughout history people have been plotting and coming up with schemes to get rich at the expense and suffering of others.
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Yes that is true, most of the time these people were some sort of government officials 
I Have no problem with people making big dollars. Making big dollars is not corrupt onto itself. Banking needs to have stricter policies that assure sound practices. If you are troubled with current practices I would advocate for tighter controls...NOT government takeover.
As for people loosing their homes. There are a couple things that occur. They buy a home that is too expensive for their income times a beta factor (risk) and/or they fall on extremely hard times and bad luck.
When you buy a home do people ask themselves ....How long can I pay the mortgage if i loose my job? or if I get really sick?
I understand that many young (and not so young) people were not counseled properly before they bought their homes. This is tragic because it is a simple problem to fix. Make every damn High School include a mandatory life economics class before graduation. I mean if you're going to teach sex ed and johnny has two mommies why not give them something that will make a real difference in their lives.
I have had three extended bouts of unemployment (a few shot ones as well) in my life and have been on short term disability several times for health reasons. I could have bought a much larger house but I had to figure what mortgage my wife and I could carry if we lost one of our jobs or got sick and plan on that. We were lucky and made it thru these problems and provided for our children. But my path was full of land mines and i image everyone has a few of these problems over a course of a life.
Many of areas of California are priced out of most young people unless they rent. Yet do they leave to live in a less expensive area....no.
So you take a higher risk and that risk can cause problems if everything doesn't go well.
We all own gliders, we all participate in a expensive sport. It our own free choices but all choices come with risk.
I hate unemployment and i think its the worst thing you can so to someone. It kills the spirit and destroys dreams. I have survived a dying heart because i could still hope and dream, I could get healthy and be a player again. I was more depressed back when i was younger and unemployed and unable to provide for my family.
My kids are grown and loved their "Home". They thing they lived a cool house and love the rural nature of our land. Anne and i now have a house that has more room then we can ever use. i am glade I didn't trade up and increase my burden. I am glad i didn't stay in NY and pay high prices for smaller homes.
We should pass down this type of advice to younger couples. It may have help prevent a few tragedies.
Dennis
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Jason
3 thumbs up
Joined: 02 Jan 2007
Posts: 7532
Location: Stapleton, Colorado
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| Posted: Wed Oct 21, 2009 1:25 pm Post subject: |
#36 |
| HGXC wrote: |
| Quote: |
Dennis, throughout history people have been plotting and coming up with schemes to get rich at the expense and suffering of others.
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Yes that is true, most of the time these people were some sort of government officials
Dennis |
government officials acting in the interests of those that paid handsomely to get them that title
and its not bad luck if the economy was torpedoed by a select few to make profit and acquire property(IE the banks which have done quite well thru this engineered fiasco)
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HGXC
1 thumbs up
Joined: 22 Jul 2006
Posts: 2921
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| Posted: Wed Oct 21, 2009 1:32 pm Post subject: |
#37 |
Not everyone lost their homes Jason.
The devils in the details. One by one review the looses and ask...Did this person buy a home he/she could afford if they lost one of their incomes? Was owning a house the best move for their lifestyle and income level?
Did they live in an area that was too expensive to own?
Everyone has a different story but in my experience many (not all) made purchases that depended on everything going right. In my life (its all I can really speak for) everything didn't go right.
Believing in the boogyman brings me no comfort Jason. Life is messy and imperfect. I have to fly where the lift is or i will soon need to land.
Dennis
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day dreamer
2 thumbs up
Joined: 04 Dec 2007
Posts: 3743
Location: McClure Pilot
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| Posted: Wed Oct 21, 2009 1:53 pm Post subject: |
#38 |
The company I was employed with for 15yrs. hired a person to do the logistics on the operations of our department, and thier conclusion was that they were paying us all too much, and slashed my pay over half chatting over coffee. Litterally happened that way. Then after they anounced it, they said if anyone had a problem with it, then leave. They took me from 70k to 29k.I flipped right there in the meeting, I had to repeat to the monkeys what had just happened to us, and could not believe that nobody else was absolutely furious. All those years,no loyalty... I felt like Jerry Mguire. I was gone in two days. The people who stayed, ended up being terminated. I mean people who knew the business, corner stones to our department, gone.I have since gone back to school, learning many different trades other than the cut throat business, and ........ fuckit I purchased a home to provide a roof for my family, and call me a slacker to my face and somebody better be there to pull me off the fucker who says it. We are simply an ant farm to who ever runs this system we live in. This has every way to be fixed, yet nothing seems to change, it's business as usual. They mix the words around to make it sound like they are doing things about it, but in reality, business as usual.bla,bla, bla, poor me..
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"The mountain doesn't care what that card in your wallet says." - Bruce Stobbe |
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FPeel
3 thumbs up
Joined: 28 Aug 2009
Posts: 1116
Location: San Jose, CA
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| Posted: Wed Oct 21, 2009 1:58 pm Post subject: |
#39 |
Dennis and Jason have an interesting discussion going on. At the risk of redirecting it, I believe they're both right. I'm going to read a little between the lines with both of them; please forgive me in advance.
Dennis is correct that some people made bad decisions, some were caught in the times and others were simply gaming the system. There was a lot going on with readily available credit, lenders giving the uninitiated bad advice, etc. Owning a home IS a lifestyle decision and requires a LOT of thought before buying.
Unfortunately, the game is also rigged so that if one doesn't succumb to playing they get reamed by taxes. The home mortgage interest deduction is one of the few major ones left to ordinary folk. Why is that? Think lenders would support it being rescinded? I think they'd fight it (so would others, of course). But there are other examples of businesses receiving the benefit of legislation that "was enacted for the citizenry". More so than the citizens! So in many respects Jason is right that there is a "bogeyman" as Dennis calls them. Without a doubt there is an effort to extract as much as possible from certain classes and it's not all "for the good of the many."
As is often the case when two parties are on opposite sides of a discussion, both have valid points, but the truth is somewhere in the middle.
Sorry, I have to go to a meeting, so have to cut it off here for now.
Frank
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Jason
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Joined: 02 Jan 2007
Posts: 7532
Location: Stapleton, Colorado
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| Posted: Wed Oct 21, 2009 2:02 pm Post subject: |
#40 |
The banks and the Federal Reserve have been given control of the currency of this nation- accountable to noone. This is a power SPECIFICALLY reserved to CONGRESS under the Constitution (to coin money and regulate the value thereof)
Control of the currency is absolute power. And its all being wielded behind closed doors. When Congress questioned them recently on Congress being involved in monetary policy the FED said that that would be "unacceptable"
Power Corrupts- Absolute Power Corrupts Absolutely
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