Biggest Defaulters on Mortgages Are the Rich

[scaredyclassic]

125k. basically a wage slave with student debt, kids, etc. even without a mortgage…

[gandalf]

Somebody just posted DK lyrics. That’s cool, walter.

BTW, something else that fucking rocks, Louis CK on money:

[gandalf]

Somebody just posted DK lyrics. That’s cool, walter.

BTW, something else that fucking rocks, Louis CK on money:

[gandalf]

Somebody just posted DK lyrics. That’s cool, walter.

BTW, something else that fucking rocks, Louis CK on money:

[gandalf]

Somebody just posted DK lyrics. That’s cool, walter.

BTW, something else that fucking rocks, Louis CK on money:

[gandalf]

Somebody just posted DK lyrics. That’s cool, walter.

BTW, something else that fucking rocks, Louis CK on money:

[GH]

I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…

[GH]

I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…

[GH]

I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…

[GH]

I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…

[GH]

I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…

[CA renter]

[quote=GH]I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…[/quote]

We know some people in RSF who said that they and a siginficant number of people they know in RSF are in financial trouble because they took on lots and lots and lots of debt that was collateralized against their houses.

I agree with you, GH. These people just had more resources to pull from when the SHTF; it doesn’t mean they aren’t being pulled down with the recession/deflation just like everyone else.

They can last longer, but everyone is waiting for the Inflation Fairy to bail them out. What if the Inflation Fairy doesn’t come? I think the distress will be overwhelming, and will be with us for many, many years to come.

[CA renter]

[quote=GH]I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…[/quote]

We know some people in RSF who said that they and a siginficant number of people they know in RSF are in financial trouble because they took on lots and lots and lots of debt that was collateralized against their houses.

I agree with you, GH. These people just had more resources to pull from when the SHTF; it doesn’t mean they aren’t being pulled down with the recession/deflation just like everyone else.

They can last longer, but everyone is waiting for the Inflation Fairy to bail them out. What if the Inflation Fairy doesn’t come? I think the distress will be overwhelming, and will be with us for many, many years to come.

[CA renter]

[quote=GH]I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…[/quote]

We know some people in RSF who said that they and a siginficant number of people they know in RSF are in financial trouble because they took on lots and lots and lots of debt that was collateralized against their houses.

I agree with you, GH. These people just had more resources to pull from when the SHTF; it doesn’t mean they aren’t being pulled down with the recession/deflation just like everyone else.

They can last longer, but everyone is waiting for the Inflation Fairy to bail them out. What if the Inflation Fairy doesn’t come? I think the distress will be overwhelming, and will be with us for many, many years to come.

[CA renter]

[quote=GH]I was doing some work in Rancho Santa Fe near the farms last week, and noticed one of those big repo trucks picking up a nice shiny 560 Mercedes from a very nice looking mansion.

Me thinks this one is hitting EVERYONE!

The “rich” can just go on credit cards longer than the “poor”

I have another customer who lost some 90% of his net worth since the crash in 2008. He apparently still has lots of money, but I suspect lots is now around $2 Million rather than 20…[/quote]

We know some people in RSF who said that they and a siginficant number of people they know in RSF are in financial trouble because they took on lots and lots and lots of debt that was collateralized against their houses.

I agree with you, GH. These people just had more resources to pull from when the SHTF; it doesn’t mean they aren’t being pulled down with the recession/deflation just like everyone else.

They can last longer, but everyone is waiting for the Inflation Fairy to bail them out. What if the Inflation Fairy doesn’t come? I think the distress will be overwhelming, and will be with us for many, many years to come.

[Author]

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