Report shows strategic defaults increasing

[briansd1]

[quote=FormerSanDiegan]
This is not necessarily true. Consider the flip side. [/quote]

Very true.

But a big portion of the money is owed to foreigners and pension funds that won’t need to pay out the funds ’til later.

The money that deadbeats spend, right now, gets recycled into the economy faster. That’s assuming they spend the money they don’t pay the banks; but that would be a pretty safe bet.

[NotCranky]

[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.

[NotCranky]

[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.

[NotCranky]

[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.

[NotCranky]

[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.

[NotCranky]

[quote=briansd1][quote=SD Realtor] To me the bailouts are a waste of money[/quote]

But you notice that the government bailouts work in holding up real estate values, and driving sales activity.

To me, the bailouts are a waste of money only if they don’t work for the intended purposes.

I believe that, in the long term, after inflation, house prices will be at a trough that would have been reached had there been no bailouts. In that respect, the bailouts will fail (That’s why I advocate patience if one wants to buy that dream house).

But right now, the bailouts are working in providing stability to the markets. That’s the intended purpose of the bailouts.

The Federal Reserve bailout money will be paid back over time, less some write offs.

The TARP money will be paid back with some write offs.

I think of this whole bailout thing as giving us some breathing room to preserve our standard of living and not cause wrenching social change. We are trading security now for future growth later.[/quote]

I think you are at least in some parts correct. We are having a reset and I will be able to pay my house off with a box of tomatoes in a few years. However, is there no such thing as moral hazard?

It’s principle reductions to overspenders that has me peeved. If Obama is spokesman for this and the rest of the continued corruption, he should be held as accountable as Bush should have been accountable otherwise there is a double standard.

You want to preserve our standard of living. How about instead of giving rate and principle reductions to gluttons, asking the public if they want the house at the terms offered to the strategic defaulter. Of course, the defaulter would probably strip it first in that case.

Besides robbing society of truly shared services or support to the weakest, propping up, middle and upper middle class FB’s is also pre-selecting others for austerity(equalizer you’re next). How could any “real american” not have a problem with that? What are they going to do next say that FB’S can have your job? That you must share your equity with your more gluttonous comrades who are broke. We are not talking about helping those who need it. This kind of socialism should bother you, Brian.

I’d rather risk as crash and serious permanent set- back to our standard of living than have “spokesman” after “spokesman” sell us these strategies of help the biggest crook and cheat. And no, I never believed the end of the world propaganda. I believe a large fraud has been perpetrated…period.

[scaredyclassic]

As I was making an offer of nearly half a million to some doofus who heloced the crap out of the place. Whhose agent is tellingme not enough we need more money from you I am sometimes thinking fuck you bank fuck you fb fuck you entire system. And I suppose that’s why we have lawyers and agents so we don’t start yelling those thoughts during negotiations but seriously … The system is so retarded I occasionally feel spasms of telling it to go fuck itself then I remember it already has. I start therapy tomorrow

[scaredyclassic]

As I was making an offer of nearly half a million to some doofus who heloced the crap out of the place. Whhose agent is tellingme not enough we need more money from you I am sometimes thinking fuck you bank fuck you fb fuck you entire system. And I suppose that’s why we have lawyers and agents so we don’t start yelling those thoughts during negotiations but seriously … The system is so retarded I occasionally feel spasms of telling it to go fuck itself then I remember it already has. I start therapy tomorrow

[scaredyclassic]

As I was making an offer of nearly half a million to some doofus who heloced the crap out of the place. Whhose agent is tellingme not enough we need more money from you I am sometimes thinking fuck you bank fuck you fb fuck you entire system. And I suppose that’s why we have lawyers and agents so we don’t start yelling those thoughts during negotiations but seriously … The system is so retarded I occasionally feel spasms of telling it to go fuck itself then I remember it already has. I start therapy tomorrow

[scaredyclassic]

As I was making an offer of nearly half a million to some doofus who heloced the crap out of the place. Whhose agent is tellingme not enough we need more money from you I am sometimes thinking fuck you bank fuck you fb fuck you entire system. And I suppose that’s why we have lawyers and agents so we don’t start yelling those thoughts during negotiations but seriously … The system is so retarded I occasionally feel spasms of telling it to go fuck itself then I remember it already has. I start therapy tomorrow

[scaredyclassic]

As I was making an offer of nearly half a million to some doofus who heloced the crap out of the place. Whhose agent is tellingme not enough we need more money from you I am sometimes thinking fuck you bank fuck you fb fuck you entire system. And I suppose that’s why we have lawyers and agents so we don’t start yelling those thoughts during negotiations but seriously … The system is so retarded I occasionally feel spasms of telling it to go fuck itself then I remember it already has. I start therapy tomorrow

[SD Realtor]

Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.

[SD Realtor]

Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.

[SD Realtor]

Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.

[SD Realtor]

Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.

[Author]

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