My daughter and SIL just bought a home in the past few weeks in upstate NY........taxes added something like $300 a month to mortgage payment........but, I must say they got a hellofa deal on the home price wise!
The "American Dream" has successfully been killed by
- Thread starter Barbella
- Start date
A * for You
Barbella
Senator
Millions of people who are underwater with their mortgages will continue to "walk away" from them. And can you really blame them, doc? I know people who paid $300,000 for their home a few years ago, now it's worth $175,000....If they needed to or wanted to move and sell it for that amount, they'll not only walk away with nothing, they'll still owe the bank a hundred grand or so for something they can't even live in...and for the life of me, I can't see how this situation they're finding themselves in is THEIR fault.
If I were in that situation, I'd probably do the same thing.....stop paying the mortgage, sock the money away in the bank, and after two years or so, when they get ready to throw me out, tell them to stick it up their collective asses, and walk away.
It's sort of like "you can't fire me, because I quit!"...LOL
If I were in that situation, I'd probably do the same thing.....stop paying the mortgage, sock the money away in the bank, and after two years or so, when they get ready to throw me out, tell them to stick it up their collective asses, and walk away.
It's sort of like "you can't fire me, because I quit!"...LOL
degsme
Council Member
Hmm since it is Congress that is refusing to pass regulations forcing banks to "write down" the value of the mortgages in the name of "property rights" of the banks and shareholders... how is this Obama acting?
Lapcat
Governor
Life isn't fair, Barb. But under an Obamanation....it's going to be a LOT more unfair for most Americans.....
until we can get the SOB out of office.
At least "pre-Obamanation" people had a chance to pick up the pieces and start over and still make things work for them. That is no longer true in America.
until we can get the SOB out of office.
At least "pre-Obamanation" people had a chance to pick up the pieces and start over and still make things work for them. That is no longer true in America.
imreallyperplexed
Council Member
No, I don't think that the population of Democratic politicians are any better or significantly different from the population of Republican politicians. There are are a few good ones, lots of mediocre ones, and a few really bad apples in both parties. The current political system seems to make things even worse.
That said, on balance, I prefer Democratic policies to Republican policies. I suspect that you feel the reverse.
That said, on balance, I prefer Democratic policies to Republican policies. I suspect that you feel the reverse.
degsme
Council Member
Lobato1
Mayor
GOPers now blame Dems 4 Fannie Mae, AIG but Dems & nothing 2 say in 2005
Specifically, the Fanie Mae, AIG, et Al., debacles were in "2005", when Dems had nothing to say because in "2005" GOPers controlled all three branches of our government:
1st. In the Executive: the Bushistas had a 51.2% "MANDATE" to rule.
.
2nd In the Legislative: the 108th & 109th Congress, GOPers had ample majorities in both the House & the Senate
.
3rd. The SC: a GOP appointed majority,
But then when the economy crashed with the Financial crisis of "August 2008," as a direct result of the Mortgage crisis of 2007 this riffraff turned around & blamed the Dems (as you are now doing)because:
"A couple of maverick Dems" had voted with them in 2005.
My Reference on Congress: http://www.infoplease.com/ipa/A0774721.html
Sad.
Best Regards
Lobato1
Specifically, the Fanie Mae, AIG, et Al., debacles were in "2005", when Dems had nothing to say because in "2005" GOPers controlled all three branches of our government:
1st. In the Executive: the Bushistas had a 51.2% "MANDATE" to rule.
.
2nd In the Legislative: the 108th & 109th Congress, GOPers had ample majorities in both the House & the Senate
.
3rd. The SC: a GOP appointed majority,
"A couple of maverick Dems" had voted with them in 2005.
My Reference on Congress: http://www.infoplease.com/ipa/A0774721.html
Sad.
Best Regards
Lobato1
Lobato1
Mayor
Okay, but I only tried to remind you when the American Dream was killed...
Lobato1
Best Regards
Lobato1
Bo-4
Senator
Hmmmm, see? This is why i like and read you. You're SORT of even-handed although ya rarely call out your own by name.
I agree for the most part. And the answer is what?
My solution. Term limits: Two current terms for Congress, and 8 years TOTAL for SCOTUS. Otherwise the money starts dripping in and effing everything up.
*8 years max for a president is perfect btw.
The opponents to term limits always say: naw, it takes that long to learn the job and think about all the wonderful guys who did wonders for our country who we'd not have had.
To that I say: yes.. and think of ten times those of abject idiots (both sides but mostly yours ;-) we wouldn't have had also!!
Citizen's United? Please don't tell me you thought that was a great decision.. even NEWT hates it!
imreallyperplexed
Council Member
Barbella,
My philosophy is to do the best that I can do for myself, my family, and my community that I can do no matter who our "dear leader" happens to be. I do have more confidence in some leaders than other leaders but I don't think that I will accomplish much with out putting in some of my own sweat equity. So it goes.
My philosophy is to do the best that I can do for myself, my family, and my community that I can do no matter who our "dear leader" happens to be. I do have more confidence in some leaders than other leaders but I don't think that I will accomplish much with out putting in some of my own sweat equity. So it goes.
Lobato1
Mayor
GOPers now blame Dems 4 Fannie Mae, AIG but Dems & nothing 2 say in 2005
1st. In the Executive: the Bushistas had a 51.2% "MANDATE" to rule.
.
2nd In the Legislative: the 108th & 109th Congress, GOPers had ample majorities in both the House & the Senate
.
3rd. The SC: a GOP appointed majority,
But then when the economy crashed with the Financial crisis of "August 2008," as a direct result of the Mortgage crisis of 2007 this riffraff turned around & blamed the Dems (as you are now doing)because:
"A couple of maverick Dems" had voted with them in 2005.
My Reference on Congress: http://www.infoplease.com/ipa/A0774721.html
Sad.
Best Regards
Lobato1
Specifically, the Fanie Mae, AIG, et Al., debacles were in "2005", when Dems had nothing to say because in "2005" GOPers controlled all three branches of our government:
1st. In the Executive: the Bushistas had a 51.2% "MANDATE" to rule.
.
2nd In the Legislative: the 108th & 109th Congress, GOPers had ample majorities in both the House & the Senate
.
3rd. The SC: a GOP appointed majority,
"A couple of maverick Dems" had voted with them in 2005.
My Reference on Congress: http://www.infoplease.com/ipa/A0774721.html
Sad.
Best Regards
Lobato1
degsme
Council Member
And since in other places "our dear leaders" has EXCLUDED GWB as the cause of the crash and focussed on Barnie Frank (who was in the minority and not even a leader within the minority when most of this crap went down) its not an unreasonable conclusion.
fairsheet
Senator
Am I maybe the ONLY one who actually READ the top-cite? This whole "Kumbaya" thing around how everyone's competing with one another as to who hates the guvmint most, has been fun.
But...NO one has made any effort whatsoever, to actually critique the top-cited proposal. It's almost as if no one read beyond the headline. So...am I out of line in asking what's actually WRONG with this proposal?
But...NO one has made any effort whatsoever, to actually critique the top-cited proposal. It's almost as if no one read beyond the headline. So...am I out of line in asking what's actually WRONG with this proposal?
imreallyperplexed
Council Member
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