Low Mortgage Interest Rates For Everyone!!!: U.S. May Back Refinance Plan for Mortgages

[jpinpb]

TG – trust me when I say it is so under reported and under the radar of how many people are NOT paying. The realtor friend I have mentioned before who lives in PB is still living in his house w/out paying one red cent and no NOD filed. Has to be going on 3 years now.

Maybe they have already drained the pool in Temecula/Riverside/San Bernardino county. I don’t know. But areas that I watch, there are still plenty of people riding the gravy train of free rent. In fact, my neighbor is an insurance agent and she gets questions from clients who want to know if a house has a NOD if they still have to pay insurance.

For those that are investors, why would you think they are empty? Most likely rented out and owner collecting rent(s) and not paying their mortgage(s). How many people during the bubble have bought multiple properties in their attempt to be real estate tycoons and gather rent from multiple properties, now just collecting rent and not paying the mortgage.

I think some people underestimate this b/c it’s not something that they would do themselves.

[Coronita]

[quote=briansd1][quote=flu]
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.[/quote]

As sdr said, stop the myopia. It’s not about us individually. It’s about improving the economy for everyone.[/quote]

Yes, because obviously now that you are landlord, you got skin in the game. Funny how that works Brian???

[Coronita]

[quote=briansd1][quote=flu]
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.[/quote]

As sdr said, stop the myopia. It’s not about us individually. It’s about improving the economy for everyone.[/quote]

Yes, because obviously now that you are landlord, you got skin in the game. Funny how that works Brian???

[Coronita]

[quote=briansd1][quote=flu]
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.[/quote]

As sdr said, stop the myopia. It’s not about us individually. It’s about improving the economy for everyone.[/quote]

Yes, because obviously now that you are landlord, you got skin in the game. Funny how that works Brian???

[Coronita]

[quote=briansd1][quote=flu]
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.[/quote]

As sdr said, stop the myopia. It’s not about us individually. It’s about improving the economy for everyone.[/quote]

Yes, because obviously now that you are landlord, you got skin in the game. Funny how that works Brian???

[Coronita]

[quote=briansd1][quote=flu]
Brian, I don’t care because I already bought. I just think it sucks for people on the sideline. Also, as might also suck if you are a landlord.[/quote]

As sdr said, stop the myopia. It’s not about us individually. It’s about improving the economy for everyone.[/quote]

Yes, because obviously now that you are landlord, you got skin in the game. Funny how that works Brian???

[sdrealtor]

jp
Nice couple of anecdotes. Under reported or not think of every person you know in this world. Is it a hundred, 500, 1,000 or more. Then list how many arent paying their mortgage. The non-payers are top of mind to you but overall a very small percentage of all the people you know.

[sdrealtor]

jp
Nice couple of anecdotes. Under reported or not think of every person you know in this world. Is it a hundred, 500, 1,000 or more. Then list how many arent paying their mortgage. The non-payers are top of mind to you but overall a very small percentage of all the people you know.

[sdrealtor]

jp
Nice couple of anecdotes. Under reported or not think of every person you know in this world. Is it a hundred, 500, 1,000 or more. Then list how many arent paying their mortgage. The non-payers are top of mind to you but overall a very small percentage of all the people you know.

[sdrealtor]

jp
Nice couple of anecdotes. Under reported or not think of every person you know in this world. Is it a hundred, 500, 1,000 or more. Then list how many arent paying their mortgage. The non-payers are top of mind to you but overall a very small percentage of all the people you know.

[sdrealtor]

jp
Nice couple of anecdotes. Under reported or not think of every person you know in this world. Is it a hundred, 500, 1,000 or more. Then list how many arent paying their mortgage. The non-payers are top of mind to you but overall a very small percentage of all the people you know.

[blahblahblah]

[quote=jpinpb]
For those that are investors, why would you think they are empty? Most likely rented out and owner collecting rent(s) and not paying their mortgage(s). How many people during the bubble have bought multiple properties in their attempt to be real estate tycoons and gather rent from multiple properties, now just collecting rent and not paying the mortgage.

I think some people underestimate this b/c it’s not something that they would do themselves.[/quote]

+1. I have a feeling this is rampant. And guess what, these people will soon be sitting on piles of cash to — guess what — buy houses with! Someone I know did exactly this in AZ. Defaulted on 2 homes, collected rent on one of them, waited it out a couple of years, stashed away the cash. By the time the foreclosures went through they had purchased their new home for cash. Bad credit? Who cares?

When the Big Boyz at the top are getting away with murder, don’t be surprised to see your neighbor trying to do the same sort of thing.

[blahblahblah]

[quote=jpinpb]
For those that are investors, why would you think they are empty? Most likely rented out and owner collecting rent(s) and not paying their mortgage(s). How many people during the bubble have bought multiple properties in their attempt to be real estate tycoons and gather rent from multiple properties, now just collecting rent and not paying the mortgage.

I think some people underestimate this b/c it’s not something that they would do themselves.[/quote]

+1. I have a feeling this is rampant. And guess what, these people will soon be sitting on piles of cash to — guess what — buy houses with! Someone I know did exactly this in AZ. Defaulted on 2 homes, collected rent on one of them, waited it out a couple of years, stashed away the cash. By the time the foreclosures went through they had purchased their new home for cash. Bad credit? Who cares?

When the Big Boyz at the top are getting away with murder, don’t be surprised to see your neighbor trying to do the same sort of thing.

[blahblahblah]

[quote=jpinpb]
For those that are investors, why would you think they are empty? Most likely rented out and owner collecting rent(s) and not paying their mortgage(s). How many people during the bubble have bought multiple properties in their attempt to be real estate tycoons and gather rent from multiple properties, now just collecting rent and not paying the mortgage.

I think some people underestimate this b/c it’s not something that they would do themselves.[/quote]

+1. I have a feeling this is rampant. And guess what, these people will soon be sitting on piles of cash to — guess what — buy houses with! Someone I know did exactly this in AZ. Defaulted on 2 homes, collected rent on one of them, waited it out a couple of years, stashed away the cash. By the time the foreclosures went through they had purchased their new home for cash. Bad credit? Who cares?

When the Big Boyz at the top are getting away with murder, don’t be surprised to see your neighbor trying to do the same sort of thing.

[blahblahblah]

[quote=jpinpb]
For those that are investors, why would you think they are empty? Most likely rented out and owner collecting rent(s) and not paying their mortgage(s). How many people during the bubble have bought multiple properties in their attempt to be real estate tycoons and gather rent from multiple properties, now just collecting rent and not paying the mortgage.

I think some people underestimate this b/c it’s not something that they would do themselves.[/quote]

+1. I have a feeling this is rampant. And guess what, these people will soon be sitting on piles of cash to — guess what — buy houses with! Someone I know did exactly this in AZ. Defaulted on 2 homes, collected rent on one of them, waited it out a couple of years, stashed away the cash. By the time the foreclosures went through they had purchased their new home for cash. Bad credit? Who cares?

When the Big Boyz at the top are getting away with murder, don’t be surprised to see your neighbor trying to do the same sort of thing.

[Author]

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