|[guidogodoy] Wednesday, October 15, 2008 12:33:48 AM|| |
|Remember a previous post? My hair? STILL haven't gotten it cut!
I'd be aiming for Bazooka Joe in length if it so freakin' curly! I got you in width, Joe! LOL!!!|
|[Deep Freeze] Friday, October 10, 2008 7:28:53 AM|| |
|And that illustrates my position very well. Irresponsible people are everywhere and yet, if they had found the right broker, they could very well have been put in a house. Then we would have yet ANOTHER bad loan that would eventually go sideways and cost taxpayers or other borrowers. Failed mortgages cause more damage than one might think. Bad loans force lenders to compensate in other areas to offset the losses. They have to meet certain goals which means you and I pay for the mistake at some point.|
[Show/Hide Quoted Message] (Quoting Message by Head banger from Friday, October 10, 2008 7:23:41 AM)
|[Head banger] Friday, October 10, 2008 7:23:41 AM|| |
|well, realy, I know people who were renting a place, living paycheck to paycheck, 0 down payment saved, often late on the rent (although, thats because beer smokes and tatoos came first) who bitched when they were turned down for a mortgage. then he lost his job... so, his last day beffore layoff, he skiped out, they went and each got a new tatoo, because "after that they wouldnt have the cash". |
[Show/Hide Quoted Message] (Quoting Message by Deep Freeze from Friday, October 10, 2008 6:30:02 AM)
|[Deep Freeze] Friday, October 10, 2008 6:30:02 AM|| |
|HA!!!!!!!!!!!! 'Rider, you crack me up! HAHAHAA!!!|
You know HB, that is a good point. Don't even bother applying. The thing is, I do not have a problem with people wanting a house. The thing is, the American public are told that it is our "right". The American Dream, as it were. This is not the early 1900's! Finance is a very sophisticated world and, while I admit that the "common man" is far more astute than he was on the subject, there are intricasies and nuiances that are very difficult to learn and comprehend. To this day, I learn things and I have been at it a long time! The world changes and business changes with it. The problem is trying to stay up with it all!
If I have learned anything it is that there are a lot of very dumb people in the world. People that can barely shop at the grocery store on their own, much less enter into a contract for a 200K home! There comes a point where we must simply admit to ourselves that not everyone should buy a house.
[Show/Hide Quoted Message] (Quoting Message by Head banger from Thursday, October 09, 2008 4:26:26 PM)
|[hellrider 31038] Thursday, October 09, 2008 7:03:05 PM|| |
|neibours. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH napalm death scream,|
|[Head banger] Thursday, October 09, 2008 4:26:26 PM|| |
|your right, people who can't afford a loan shouldnt apply, and people shouldnt take loans from those with no money. its a bad business decision, and a bad human decision, for both parties.|
and your right, for some people renting an apartment is all they can ever do.
[Show/Hide Quoted Message] (Quoting Message by Deep Freeze from Thursday, October 09, 2008 12:17:21 PM)
|[K2M] Thursday, October 09, 2008 1:23:01 PM|| |
|[Deep Freeze] Thursday, October 09, 2008 12:17:21 PM|| |
|Point well taken, Justin. Well said. I have spent twenty years in finance. I have seen things that disgusted me and, quite frankly, there is something to be said for "fair" business. As to doing the "right thing" for ones family, I have to ask you this; is it REALLY the right thing to buy something you cannot afford? Where is the responsibility in purchasing a home, that you KNOW is not within your price range, simply because your family wants a house?|
I may sound insensitive but I do not subscribe to the notion that "every American deserves to own a home". Wonderful sentiment but the reality is, there are MANY people that simply are NOT financially responsible enough to handle home ownership. To attempt to blame shady business practices for the problem of financial ineptness is just wrong. Get help if you do not understand something. It is incredibly irresponsible to buy something as major as a house when you are not able to understand what you are doing.
I do not support companies that prey on uneducated borrowers. I have long held the position that "stated income" loans and other "creative" financing is not good business. Putting people into mortgages they cannot afford is criminal, to me. This is more of the old American desire to have it all and have the best...NOW. That is a shame, my friend. I am thankful you and your family managed to get a beautiful home at a fair price. That it what it is ALL about. BUT, equally important is understanding that not everyone can handle homeownership and that is NOT the fault of the government, you or me.
[Show/Hide Quoted Message] (Quoting Message by Justin Kenny from Thursday, October 09, 2008 11:59:08 AM)
|[Justin Kenny] Thursday, October 09, 2008 11:59:08 AM|| |
|My wife and I didn't know a whole helluva lot about the whole home-buying process either. As mercy would have it, the people we bought our home from just so happened to be real-estate attorneys....they knew the business in and out and literally walked us through it each step of the way.|
My wife initially tried to score a mortgage lend through an online company....needless to say, we found out toot-sweet that it wasn't the best thing. Thankfully, she had enough tenacity and temerity to eventually tell them to go fuck themselves, and we consulted with the real-estate attorneys who were selling the home in the first place. The one thing we KNEW COLD...was that we wanted to be locked into a FIXED RATE....Don Coyles, one of the real estate attys who was selling the home on behalf of his deceased parents hooked us up big time...along with what I was able to borrow from my 401K, he himself ponied up an extra $1,600--which was broken down and incorporated with our mortgage payment every month so that he would be paid back. Not only did they want to sell the house in an expedient a fashion as possible, he (along with his sister, who works with him) wanted very much for a family to buy the home. They seemed to fall in love with the lot of us upon merely SEEING the house, and for each little failure that occurred before Don thought up a 'plan B,' they felt our pain and frustration. He'd done business with the lender bank we're dealing with (and will be for the next 28 years..LOL), and through his frequent dealings, they helped see everything through. Our rate hasn't changed one iota since, and isn't about to. Were we lucky?? Painfully... sadly, a lot of equally naive people who just want what's best for themselves and their families get taken for a ride because they didn't take appropriate steps/measures. But ...in all fairness, the companies out there who see the possible financial dangers people face once they begin signing their names and don't say a blessed thing about it...that's something I would find issue with. It's one thing to secure a deal...but it's another when that deal can no longer be honored because 3-6 years later, the shit hits the fan and these same companies just sit there shrugging their shoulders--talkin''bout...."...there's nothing we can do."
[Show/Hide Quoted Message] (Quoting Message by Deep Freeze from Thursday, October 09, 2008 11:16:26 AM)
|[Deep Freeze] Thursday, October 09, 2008 11:16:26 AM|| |
|OK readers! It is finally time for my first, official rant since my return!|
Most of you here in the US are aware of the "financial crisis" we are experiencing. I have ranted in the past on this subject and, LONG before it actually occurred, I said much of what I will say now. ( I mention this only as a foundation for credibility!!) People in this country are screaming about greed and capitalism. Financial turmoil! Government indifference. HOGWASH!! Let us look at the facts, people;
Can ANYONE actually produce the gun that was allegedly held to the temples of the borrowers that put little to NO money down on their homes, took a "teaser" (low) interest rate and then pleaded ignorance or victimhood when the lender- as stipulated in the friggin contract-jacked up their rate??!?!??! These people EXPECTED some kind of government or taxpayer intervention that would shield them from the consequences of their actions. This creates something I was taught in college as "moral hazard", which is behavior based upon the knowledge of protection from bad consequences or irresponsible choices.
Now folks are yelling for more regulation. We already have PLENTY of it! Anyone ever hear of the Office of Federal Housing Enterprise Oversight???? This agency exisits for ONE reason; to regulate FREDDIE and FANNIE. That's right! Already in place! Wow! Regulation, people! I just do not see this as some kind of "indictment" of capitalism. Sorry. Not there.
What if we all just actually TRY real capitalism for once??? Capitalism has been defined as, "what people do if you leave them alone". Let them make their own mistakes. Suffer consequences. Sink or swim.
In the 1930's, before Roosevelt's New Deal, we paid about 12% of our income to ALL of government (state, local and federal). Today it is about 40%! *ouch* I suppose that in itself does suggest failure but I say it is a failure to practice TRUE capitalism. A failure to accept consequences and believe in real value. A failure to be RESPONSIBLE.
Edited at: Thursday, October 09, 2008 11:17:40 AM
|[Head banger] Sunday, October 05, 2008 10:06:32 PM|| |
|don't worry, I dont want to go to edmonton either. and this week, for the first time in a month, I dont have to go. next week, back at it....|
[Show/Hide Quoted Message] (Quoting Message by MEDALGODDESS from Sunday, October 05, 2008 7:04:13 PM)
|[WhiskeyWoman] Sunday, October 05, 2008 8:18:03 PM|| |
Yes, well... we kind of noticed the 'trend' going on in the buses from Edmonton these days. Facts are facts!
We have some things in common! Wales is where my Grandma's from. Never been there, but gotta go to the Celtic Capitol... And, you're so brave diving. (I'm totally freaked out from a diving accident years ago and doubt I'll ever go down there again! Eeeeek!)
But, back on topic ... what pisses me off ... is that the whole section of Alice Cooper the other night was sitting down, with nary a bobbing head or tapping foot among them!! (Except us, who stood & rocked out the whole time -- so thank goodness we were at the back of the terrace with no-one behind us.)
But ... weird, eh? Why bother...???
|[~ MG_Metalgoddess~] Sunday, October 05, 2008 7:04:13 PM|| |
|Omg Hell Yeah .. I didnt realize you that were tthat close to me.. Iam in the town of Winnipeg beach, 50 klm north of the city... Yes that greyhound bus incident.. what a fricken nightmare.. And it seems all these all these freaky bus incidents are from people from Edmonton.. LMAO.. Stay outta that city... ( just kiddin headbanger) |
I would love to go see the priest in Cardiff Wales.. Someplace I have wanted to visit for a long time anywase..
Iam supposed to go to California in December, But the Bahamas are lookin better everyday.. I love to scuba dive.. and the water is so murky in Calfornia. .. Anywase..
Yes we should def stay in touch...
Hugs to you girl,, stay safe...
[Show/Hide Quoted Message] (Quoting Message by WhiskeyWoman from Sunday, October 05, 2008 4:58:37 PM)
|[WhiskeyWoman] Sunday, October 05, 2008 4:58:37 PM|| |
We'll have to meet up sometime, we're just next door in Alberta. If you're ever passin' thru ....
When we went to Vegas we went thru the Sweetgrass border south of Lethbridge @ midnight. Gave us a bit of trouble, but I just think that's their job & being grumpy is part of their job-description. Didn't help when he asked if we've ever been finger-printed. It's a wonder we got across when we both had that 'deer in the headlights' stare ... lol!
(Was following Priest to Winnipeg when that idiot cut on a Greyhound cut that guy's head off and jammed up the highway. We were already late, so that (as they say), was that! (We had our front row VIP Meet & Greets, so none too freakin' happy.) I could've single-handedly wrangled that guy from the bus myself, at that point! Got the VIP refunded, but stuck with the tix...
|[~ MG_Metalgoddess~] Sunday, October 05, 2008 4:36:42 PM|| |
|Yeah the BC side sucks.. Kenny said they gave them a hard time regarding their passports.. And checked everything.. Iam sure they were trying to be dickheads ( the border patrol) I have heard that about the BC border.. FBI wanna bee's But KK wasafraid they werent going to let them in.. and after a big whoop=dee do they did finally get over.. Geezus.. |
I just told them that next time they will just have to stay at my house...LMAO
I usally go through in Alberta or a smaller non-busy area.. Or the Minneasota border crossing is not that bad..
Hopefully next time they wont give them such hard a time... Iam glad Iam in Manitoba...LOL
[Show/Hide Quoted Message] (Quoting Message by WhiskeyWoman from Sunday, October 05, 2008 4:12:43 PM)
|[WhiskeyWoman] Sunday, October 05, 2008 4:12:43 PM|| |
Well, it's time for that other story about how they have trouble getting into Canada on the BC side.
All I can say is, "It Figures". That province has too many rules, too much rain, and rightfully deserves it's unofficial Canadian title as "The No-Fun Zone". Also, BC = Bring Cash in Canadian, eh?
So ... what's the story?
(When we immigrated from New Zealand to Canada, we had big problems at the Peace Arch crossing too. We were not impressed. Anyway, nice to know we are in good company!)
[Show/Hide Quoted Message] (Quoting Message by MEDALGODDESS from Tuesday, September 30, 2008 4:47:23 AM)
|[~ MG_Metalgoddess~] Sunday, October 05, 2008 4:02:14 PM|| |
|Lmao Vaill you know whats funner... go plac the damm thing on some train tracks,, and watch a high speed train hit it.. they bust into like a million pieces... eerr ehhh not that I have done that or anything... LMAO|
[Show/Hide Quoted Message] (Quoting Message by guidogodoy from Sunday, October 05, 2008 3:59:33 PM)
|[guidogodoy] Sunday, October 05, 2008 3:59:33 PM|| |
|Ha! Careful. When I was an Undergrad I had a walkman. Damn top of the line (cassette, of course) that mysteriously started acting up. One ear or the other would cut out for no reason. REALLY began to piss me off. Moral of the story was that I was listening to it when walking back to the dorms and it starts the usuall mischief. I just got sick of it and went around to the back of the building and whipped that sucker as hard as I could against the wall splintering it into a thousand pieces. Felt just fantastic.|
It was only later that I figured out that the problem was really with the headphones...
[Show/Hide Quoted Message] (Quoting Message by Vaillant 3.0 from Sunday, October 05, 2008 3:34:59 PM)
|[Vaillant 3.0] Sunday, October 05, 2008 3:34:59 PM|| |
|My printer has been a thorn on my side for the last few days. Everytime I try to print something, there's a paper jam!!! It ruined most of my computer paper!!!!!!!! At this point I want to throw it off a freeway bridge. Goddamn piece of junk... |
The fact that my internet connection suddenly slowed down to a snail's pace doesn't make the situation any better.
|[joedraper] Saturday, October 04, 2008 1:36:46 PM|| |
|Thanks guys...Believe it or not, I'm generally a pretty happy person so I have no idea why I'm still feeling like this but.. like you both say, things will get better and I really need to stop thinking about this for too much longer... I'm going to take my kids to the beach tomorrow and take a lot of photo's and maybe try to write something constructive... lets see what happens....|