OT: I made bad choices, everyone pitty me.

[creechrr]

[quote=CDMA ENG]
“Igor… Get the bags”

“Good idea master… You take the blond and I’ll take the one in the turban…” My favorite line…

God I miss Madelene Khan…

CE[/quote]

LOL.

Thanks!

[Arraya]

[quote=Allan from Fallbrook][quote=Arraya][quote=drboom][quote=Arraya]
You were tricked by doing what normal humans do, which is trust authority and peers. You should not be faulted for that.[/quote]

Bullshit. Blindly following the herd is the epitome of irresponsibility, not to mention stupidity.

But I think for myself so I might be abnormal.[/quote]

Ahhh… So the Fed is hitler, the senate banking committee the SS and CNBC is Paul Goebbels propaganda arm, with realtors the brown shirts and all us citizens still allow them to remain in charge. So we are all culpable then. Exactly my point.

And the third reich is till pushing people into homes. The evil bastards.

I guess people that remain in their overpriced home are still supporting this evil regime. Good thing some people are hip to their evil plans and strategic defaulting is rising which should be commended.

So what are you doing to stop the national debt holocaust? I bet you are asking people to keep following aren’t you?[/quote]

Arraya: I think that drboom was actually in agreement with you there. It appeared to me that he was arguing that we did NOT have a gun to our heads, unlike the Germans being tried at Nuremburg after WWII, and thus were/are still able to make our own decisions.

I found your likening CNBC to Goebbel’s propaganda machine humorous, but I’d extend the metaphor to include all MSM, not just CNBC. Regardless of leaning/politics, they’re all propaganda machines, intentionally or no. Well… except for Fox News. They’re fair and balanced. KIDDING.[/quote]

I hear ya…

Now part of the problem is, Dennis, we talk about the government but there is no government. At this point you have a government which is run by…Ah…by the interests and day to day operationally is run by a series of private contractors and banks. So, you know, whoever the candidate is that wins, they’re going to be sitting on top of a pile of private contractors and banks who in effect control the operation of the government..Um..but the government is entirely dependent on borrowing money and on printing money for its operations. And, so whatever you have to do to get that money is the policies you’re going to follow

[Arraya]

[quote=Allan from Fallbrook][quote=Arraya][quote=drboom][quote=Arraya]
You were tricked by doing what normal humans do, which is trust authority and peers. You should not be faulted for that.[/quote]

Bullshit. Blindly following the herd is the epitome of irresponsibility, not to mention stupidity.

But I think for myself so I might be abnormal.[/quote]

Ahhh… So the Fed is hitler, the senate banking committee the SS and CNBC is Paul Goebbels propaganda arm, with realtors the brown shirts and all us citizens still allow them to remain in charge. So we are all culpable then. Exactly my point.

And the third reich is till pushing people into homes. The evil bastards.

I guess people that remain in their overpriced home are still supporting this evil regime. Good thing some people are hip to their evil plans and strategic defaulting is rising which should be commended.

So what are you doing to stop the national debt holocaust? I bet you are asking people to keep following aren’t you?[/quote]

Arraya: I think that drboom was actually in agreement with you there. It appeared to me that he was arguing that we did NOT have a gun to our heads, unlike the Germans being tried at Nuremburg after WWII, and thus were/are still able to make our own decisions.

I found your likening CNBC to Goebbel’s propaganda machine humorous, but I’d extend the metaphor to include all MSM, not just CNBC. Regardless of leaning/politics, they’re all propaganda machines, intentionally or no. Well… except for Fox News. They’re fair and balanced. KIDDING.[/quote]

I hear ya…

Now part of the problem is, Dennis, we talk about the government but there is no government. At this point you have a government which is run by…Ah…by the interests and day to day operationally is run by a series of private contractors and banks. So, you know, whoever the candidate is that wins, they’re going to be sitting on top of a pile of private contractors and banks who in effect control the operation of the government..Um..but the government is entirely dependent on borrowing money and on printing money for its operations. And, so whatever you have to do to get that money is the policies you’re going to follow

[Arraya]

[quote=Allan from Fallbrook][quote=Arraya][quote=drboom][quote=Arraya]
You were tricked by doing what normal humans do, which is trust authority and peers. You should not be faulted for that.[/quote]

Bullshit. Blindly following the herd is the epitome of irresponsibility, not to mention stupidity.

But I think for myself so I might be abnormal.[/quote]

Ahhh… So the Fed is hitler, the senate banking committee the SS and CNBC is Paul Goebbels propaganda arm, with realtors the brown shirts and all us citizens still allow them to remain in charge. So we are all culpable then. Exactly my point.

And the third reich is till pushing people into homes. The evil bastards.

I guess people that remain in their overpriced home are still supporting this evil regime. Good thing some people are hip to their evil plans and strategic defaulting is rising which should be commended.

So what are you doing to stop the national debt holocaust? I bet you are asking people to keep following aren’t you?[/quote]

Arraya: I think that drboom was actually in agreement with you there. It appeared to me that he was arguing that we did NOT have a gun to our heads, unlike the Germans being tried at Nuremburg after WWII, and thus were/are still able to make our own decisions.

I found your likening CNBC to Goebbel’s propaganda machine humorous, but I’d extend the metaphor to include all MSM, not just CNBC. Regardless of leaning/politics, they’re all propaganda machines, intentionally or no. Well… except for Fox News. They’re fair and balanced. KIDDING.[/quote]

I hear ya…

Now part of the problem is, Dennis, we talk about the government but there is no government. At this point you have a government which is run by…Ah…by the interests and day to day operationally is run by a series of private contractors and banks. So, you know, whoever the candidate is that wins, they’re going to be sitting on top of a pile of private contractors and banks who in effect control the operation of the government..Um..but the government is entirely dependent on borrowing money and on printing money for its operations. And, so whatever you have to do to get that money is the policies you’re going to follow

[Arraya]

[quote=Allan from Fallbrook][quote=Arraya][quote=drboom][quote=Arraya]
You were tricked by doing what normal humans do, which is trust authority and peers. You should not be faulted for that.[/quote]

Bullshit. Blindly following the herd is the epitome of irresponsibility, not to mention stupidity.

But I think for myself so I might be abnormal.[/quote]

Ahhh… So the Fed is hitler, the senate banking committee the SS and CNBC is Paul Goebbels propaganda arm, with realtors the brown shirts and all us citizens still allow them to remain in charge. So we are all culpable then. Exactly my point.

And the third reich is till pushing people into homes. The evil bastards.

I guess people that remain in their overpriced home are still supporting this evil regime. Good thing some people are hip to their evil plans and strategic defaulting is rising which should be commended.

So what are you doing to stop the national debt holocaust? I bet you are asking people to keep following aren’t you?[/quote]

Arraya: I think that drboom was actually in agreement with you there. It appeared to me that he was arguing that we did NOT have a gun to our heads, unlike the Germans being tried at Nuremburg after WWII, and thus were/are still able to make our own decisions.

I found your likening CNBC to Goebbel’s propaganda machine humorous, but I’d extend the metaphor to include all MSM, not just CNBC. Regardless of leaning/politics, they’re all propaganda machines, intentionally or no. Well… except for Fox News. They’re fair and balanced. KIDDING.[/quote]

I hear ya…

Now part of the problem is, Dennis, we talk about the government but there is no government. At this point you have a government which is run by…Ah…by the interests and day to day operationally is run by a series of private contractors and banks. So, you know, whoever the candidate is that wins, they’re going to be sitting on top of a pile of private contractors and banks who in effect control the operation of the government..Um..but the government is entirely dependent on borrowing money and on printing money for its operations. And, so whatever you have to do to get that money is the policies you’re going to follow

[Arraya]

[quote=Allan from Fallbrook][quote=Arraya][quote=drboom][quote=Arraya]
You were tricked by doing what normal humans do, which is trust authority and peers. You should not be faulted for that.[/quote]

Bullshit. Blindly following the herd is the epitome of irresponsibility, not to mention stupidity.

But I think for myself so I might be abnormal.[/quote]

Ahhh… So the Fed is hitler, the senate banking committee the SS and CNBC is Paul Goebbels propaganda arm, with realtors the brown shirts and all us citizens still allow them to remain in charge. So we are all culpable then. Exactly my point.

And the third reich is till pushing people into homes. The evil bastards.

I guess people that remain in their overpriced home are still supporting this evil regime. Good thing some people are hip to their evil plans and strategic defaulting is rising which should be commended.

So what are you doing to stop the national debt holocaust? I bet you are asking people to keep following aren’t you?[/quote]

Arraya: I think that drboom was actually in agreement with you there. It appeared to me that he was arguing that we did NOT have a gun to our heads, unlike the Germans being tried at Nuremburg after WWII, and thus were/are still able to make our own decisions.

I found your likening CNBC to Goebbel’s propaganda machine humorous, but I’d extend the metaphor to include all MSM, not just CNBC. Regardless of leaning/politics, they’re all propaganda machines, intentionally or no. Well… except for Fox News. They’re fair and balanced. KIDDING.[/quote]

I hear ya…

Now part of the problem is, Dennis, we talk about the government but there is no government. At this point you have a government which is run by…Ah…by the interests and day to day operationally is run by a series of private contractors and banks. So, you know, whoever the candidate is that wins, they’re going to be sitting on top of a pile of private contractors and banks who in effect control the operation of the government..Um..but the government is entirely dependent on borrowing money and on printing money for its operations. And, so whatever you have to do to get that money is the policies you’re going to follow

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[poorgradstudent]

Capitalist, free market economies only work when everyone makes rational financial decisions for themselves, ideally within the confines of the law.

When an institution chooses to lend money to an individual, there is a contract that exists between the institution and the individual. Both parties go in knowing the rules of the game and agree how to play. Both accept certain risks. It’s been hammered here in many threads, but when a bad loan is issued, in most cases both the lender and the borrower have at least some fault in the matter.

Borrowing from the bank is not like borrowing from your parents or brother. It is a business transaction, and default is always an option in business. Obviously it isn’t without cost, as that person isn’t going to be able to borrow money for a home again for a very very long time.

As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.

[creechrr]

[quote=poorgradstudent]
As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.[/quote]

I would agree IF, this was a true free market. Unfortunately, that is not the case.

As the two threads that sparked my initial post illustrate, recent “owners” and renters that would like to own are both getting shafted in this scenario.

High prices are only beneficial if you’re on the selling side of the equation. Both parties stated that they could afford their payment but, have had to cut back in other areas, namely saving for a rainy day, retirement, ect. I personally don’t see that as affording the payment.

[creechrr]

[quote=poorgradstudent]
As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.[/quote]

I would agree IF, this was a true free market. Unfortunately, that is not the case.

As the two threads that sparked my initial post illustrate, recent “owners” and renters that would like to own are both getting shafted in this scenario.

High prices are only beneficial if you’re on the selling side of the equation. Both parties stated that they could afford their payment but, have had to cut back in other areas, namely saving for a rainy day, retirement, ect. I personally don’t see that as affording the payment.

[creechrr]

[quote=poorgradstudent]
As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.[/quote]

I would agree IF, this was a true free market. Unfortunately, that is not the case.

As the two threads that sparked my initial post illustrate, recent “owners” and renters that would like to own are both getting shafted in this scenario.

High prices are only beneficial if you’re on the selling side of the equation. Both parties stated that they could afford their payment but, have had to cut back in other areas, namely saving for a rainy day, retirement, ect. I personally don’t see that as affording the payment.

[creechrr]

[quote=poorgradstudent]
As for hurting the rest of us, I actually think at this point if more people walked away from homes they couldn’t afford it might help us all out in the long run (or at least those who would benefit from lower housing prices). More defaults means more inventory for the banks, which means they need to both negotiate more with underwater buyers and unload more of the properties they are holding for lower prices.[/quote]

I would agree IF, this was a true free market. Unfortunately, that is not the case.

As the two threads that sparked my initial post illustrate, recent “owners” and renters that would like to own are both getting shafted in this scenario.

High prices are only beneficial if you’re on the selling side of the equation. Both parties stated that they could afford their payment but, have had to cut back in other areas, namely saving for a rainy day, retirement, ect. I personally don’t see that as affording the payment.

[Author]

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