Report shows strategic defaults increasing

[Anonymous]

[quote=CA renter]New (potentially more responsible) buyers are being priced out of the market because they don’t want to overpay or stretch their finances too much (which is exactly why all these FBs are in the position they’re in!).[/quote]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. I’ve lost more money than I gained from the bank bailout, by your definition I should be one of the whining “victims” on this thread instead of the person who from my first post stated that the decision to buy was 100% my fault.

[jpinpb]

[quote=BillS78]I understand your frustration with the system, from Brian’s post it sounds like you want to buy, but I still don’t agree that I’ve been bailed out. [/quote]

We can agree to disagree.

[quote=BillS78]The $900 to $1200 a month that I’ve saved from not paying rent is dwarfed by the manipulated home price levels from the bank bailout.[/quote]

$900 to $1200 a month more than I’m getting or any renter, for that matter.

[quote=BillS78]I would be much better off if the bank bailouts had never happened. [/quote]

We all would be.

[quote=BillS78]
If there was no government intervention, that I’m paying for too mind you [/quote]

Still getting $900-1200 a month back on it. More than any renter.

[quote=BillS78]housing prices would be far lower than they are now [/quote]

Agree

[quote=BillS78]It sucks that that didn’t happen and people like you got screwed, but you need to understand that my ~$25k in free rent does not offset the rigged price levels out there that bankers and realtors are profiting off of.[/quote]

bill – you and anyone else not paying their mortgage have one up on the renters who have gotten screwed since day one of the bubble.

[quote=BillS78]There shouldn’t have been a bank bailout [/quote]

Agreed.

[quote=BillS78]
and the tax code should be changed so there isn’t profiteering off of speculation. [/quote]

I don’t see that ever happening.

[quote=BillS78]I’d be far better off if 20% down was mandatory and all loans were recourse, but that’s not the way the system is gamed. The system is set up for banks and realtors to profit and not for people like you who want to buy a home.[/quote]

Kudows to you for working the system.

[quote=BillS78]
I missed out on earning multiples of the $25k that I “saved on my free rent” because of the bank bailouts. My shorts would have paid off so much more, I haven’t been bailed out I’ve lost money on the bank bailout.[/quote]

Again, you don’t want to think of it as a bailout, but trust me, for anyone spending money every month on rent AND having to pay the taxes for this bailout, at least you’ve got a little something every month to do w/what you want to ease the pain. Still better than a renter. Who wouldn’t want to live in their place for free?

[quote=BillS78]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. [/quote]

Again, every month you live for free deprives you of the right to complain. Go back to renting, then chime in about how wrong it is. When you start shelling money every month while others live for free, indirectly thanks to our tax dollars, then by all means, join us in lamenting about it.

And again, I understand you are abiding by the contract and you’re not doing anything illegal. Nevertheless, the situation is such that anyone doing the morally right thing is getting royally screwed.

[jpinpb]

[quote=BillS78]I understand your frustration with the system, from Brian’s post it sounds like you want to buy, but I still don’t agree that I’ve been bailed out. [/quote]

We can agree to disagree.

[quote=BillS78]The $900 to $1200 a month that I’ve saved from not paying rent is dwarfed by the manipulated home price levels from the bank bailout.[/quote]

$900 to $1200 a month more than I’m getting or any renter, for that matter.

[quote=BillS78]I would be much better off if the bank bailouts had never happened. [/quote]

We all would be.

[quote=BillS78]
If there was no government intervention, that I’m paying for too mind you [/quote]

Still getting $900-1200 a month back on it. More than any renter.

[quote=BillS78]housing prices would be far lower than they are now [/quote]

Agree

[quote=BillS78]It sucks that that didn’t happen and people like you got screwed, but you need to understand that my ~$25k in free rent does not offset the rigged price levels out there that bankers and realtors are profiting off of.[/quote]

bill – you and anyone else not paying their mortgage have one up on the renters who have gotten screwed since day one of the bubble.

[quote=BillS78]There shouldn’t have been a bank bailout [/quote]

Agreed.

[quote=BillS78]
and the tax code should be changed so there isn’t profiteering off of speculation. [/quote]

I don’t see that ever happening.

[quote=BillS78]I’d be far better off if 20% down was mandatory and all loans were recourse, but that’s not the way the system is gamed. The system is set up for banks and realtors to profit and not for people like you who want to buy a home.[/quote]

Kudows to you for working the system.

[quote=BillS78]
I missed out on earning multiples of the $25k that I “saved on my free rent” because of the bank bailouts. My shorts would have paid off so much more, I haven’t been bailed out I’ve lost money on the bank bailout.[/quote]

Again, you don’t want to think of it as a bailout, but trust me, for anyone spending money every month on rent AND having to pay the taxes for this bailout, at least you’ve got a little something every month to do w/what you want to ease the pain. Still better than a renter. Who wouldn’t want to live in their place for free?

[quote=BillS78]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. [/quote]

Again, every month you live for free deprives you of the right to complain. Go back to renting, then chime in about how wrong it is. When you start shelling money every month while others live for free, indirectly thanks to our tax dollars, then by all means, join us in lamenting about it.

And again, I understand you are abiding by the contract and you’re not doing anything illegal. Nevertheless, the situation is such that anyone doing the morally right thing is getting royally screwed.

[jpinpb]

[quote=BillS78]I understand your frustration with the system, from Brian’s post it sounds like you want to buy, but I still don’t agree that I’ve been bailed out. [/quote]

We can agree to disagree.

[quote=BillS78]The $900 to $1200 a month that I’ve saved from not paying rent is dwarfed by the manipulated home price levels from the bank bailout.[/quote]

$900 to $1200 a month more than I’m getting or any renter, for that matter.

[quote=BillS78]I would be much better off if the bank bailouts had never happened. [/quote]

We all would be.

[quote=BillS78]
If there was no government intervention, that I’m paying for too mind you [/quote]

Still getting $900-1200 a month back on it. More than any renter.

[quote=BillS78]housing prices would be far lower than they are now [/quote]

Agree

[quote=BillS78]It sucks that that didn’t happen and people like you got screwed, but you need to understand that my ~$25k in free rent does not offset the rigged price levels out there that bankers and realtors are profiting off of.[/quote]

bill – you and anyone else not paying their mortgage have one up on the renters who have gotten screwed since day one of the bubble.

[quote=BillS78]There shouldn’t have been a bank bailout [/quote]

Agreed.

[quote=BillS78]
and the tax code should be changed so there isn’t profiteering off of speculation. [/quote]

I don’t see that ever happening.

[quote=BillS78]I’d be far better off if 20% down was mandatory and all loans were recourse, but that’s not the way the system is gamed. The system is set up for banks and realtors to profit and not for people like you who want to buy a home.[/quote]

Kudows to you for working the system.

[quote=BillS78]
I missed out on earning multiples of the $25k that I “saved on my free rent” because of the bank bailouts. My shorts would have paid off so much more, I haven’t been bailed out I’ve lost money on the bank bailout.[/quote]

Again, you don’t want to think of it as a bailout, but trust me, for anyone spending money every month on rent AND having to pay the taxes for this bailout, at least you’ve got a little something every month to do w/what you want to ease the pain. Still better than a renter. Who wouldn’t want to live in their place for free?

[quote=BillS78]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. [/quote]

Again, every month you live for free deprives you of the right to complain. Go back to renting, then chime in about how wrong it is. When you start shelling money every month while others live for free, indirectly thanks to our tax dollars, then by all means, join us in lamenting about it.

And again, I understand you are abiding by the contract and you’re not doing anything illegal. Nevertheless, the situation is such that anyone doing the morally right thing is getting royally screwed.

[jpinpb]

[quote=BillS78]I understand your frustration with the system, from Brian’s post it sounds like you want to buy, but I still don’t agree that I’ve been bailed out. [/quote]

We can agree to disagree.

[quote=BillS78]The $900 to $1200 a month that I’ve saved from not paying rent is dwarfed by the manipulated home price levels from the bank bailout.[/quote]

$900 to $1200 a month more than I’m getting or any renter, for that matter.

[quote=BillS78]I would be much better off if the bank bailouts had never happened. [/quote]

We all would be.

[quote=BillS78]
If there was no government intervention, that I’m paying for too mind you [/quote]

Still getting $900-1200 a month back on it. More than any renter.

[quote=BillS78]housing prices would be far lower than they are now [/quote]

Agree

[quote=BillS78]It sucks that that didn’t happen and people like you got screwed, but you need to understand that my ~$25k in free rent does not offset the rigged price levels out there that bankers and realtors are profiting off of.[/quote]

bill – you and anyone else not paying their mortgage have one up on the renters who have gotten screwed since day one of the bubble.

[quote=BillS78]There shouldn’t have been a bank bailout [/quote]

Agreed.

[quote=BillS78]
and the tax code should be changed so there isn’t profiteering off of speculation. [/quote]

I don’t see that ever happening.

[quote=BillS78]I’d be far better off if 20% down was mandatory and all loans were recourse, but that’s not the way the system is gamed. The system is set up for banks and realtors to profit and not for people like you who want to buy a home.[/quote]

Kudows to you for working the system.

[quote=BillS78]
I missed out on earning multiples of the $25k that I “saved on my free rent” because of the bank bailouts. My shorts would have paid off so much more, I haven’t been bailed out I’ve lost money on the bank bailout.[/quote]

Again, you don’t want to think of it as a bailout, but trust me, for anyone spending money every month on rent AND having to pay the taxes for this bailout, at least you’ve got a little something every month to do w/what you want to ease the pain. Still better than a renter. Who wouldn’t want to live in their place for free?

[quote=BillS78]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. [/quote]

Again, every month you live for free deprives you of the right to complain. Go back to renting, then chime in about how wrong it is. When you start shelling money every month while others live for free, indirectly thanks to our tax dollars, then by all means, join us in lamenting about it.

And again, I understand you are abiding by the contract and you’re not doing anything illegal. Nevertheless, the situation is such that anyone doing the morally right thing is getting royally screwed.

[jpinpb]

[quote=BillS78]I understand your frustration with the system, from Brian’s post it sounds like you want to buy, but I still don’t agree that I’ve been bailed out. [/quote]

We can agree to disagree.

[quote=BillS78]The $900 to $1200 a month that I’ve saved from not paying rent is dwarfed by the manipulated home price levels from the bank bailout.[/quote]

$900 to $1200 a month more than I’m getting or any renter, for that matter.

[quote=BillS78]I would be much better off if the bank bailouts had never happened. [/quote]

We all would be.

[quote=BillS78]
If there was no government intervention, that I’m paying for too mind you [/quote]

Still getting $900-1200 a month back on it. More than any renter.

[quote=BillS78]housing prices would be far lower than they are now [/quote]

Agree

[quote=BillS78]It sucks that that didn’t happen and people like you got screwed, but you need to understand that my ~$25k in free rent does not offset the rigged price levels out there that bankers and realtors are profiting off of.[/quote]

bill – you and anyone else not paying their mortgage have one up on the renters who have gotten screwed since day one of the bubble.

[quote=BillS78]There shouldn’t have been a bank bailout [/quote]

Agreed.

[quote=BillS78]
and the tax code should be changed so there isn’t profiteering off of speculation. [/quote]

I don’t see that ever happening.

[quote=BillS78]I’d be far better off if 20% down was mandatory and all loans were recourse, but that’s not the way the system is gamed. The system is set up for banks and realtors to profit and not for people like you who want to buy a home.[/quote]

Kudows to you for working the system.

[quote=BillS78]
I missed out on earning multiples of the $25k that I “saved on my free rent” because of the bank bailouts. My shorts would have paid off so much more, I haven’t been bailed out I’ve lost money on the bank bailout.[/quote]

Again, you don’t want to think of it as a bailout, but trust me, for anyone spending money every month on rent AND having to pay the taxes for this bailout, at least you’ve got a little something every month to do w/what you want to ease the pain. Still better than a renter. Who wouldn’t want to live in their place for free?

[quote=BillS78]Hey I’m being priced out of the market just like any other potential able buyer because I don’t want to overpay. [/quote]

Again, every month you live for free deprives you of the right to complain. Go back to renting, then chime in about how wrong it is. When you start shelling money every month while others live for free, indirectly thanks to our tax dollars, then by all means, join us in lamenting about it.

And again, I understand you are abiding by the contract and you’re not doing anything illegal. Nevertheless, the situation is such that anyone doing the morally right thing is getting royally screwed.

[Arraya]

Well, here’s the thing Bill. People feel like you should be punished since the market did not do a sufficient job for your poor decision to purchase.

See, you self corrected without market punishment and benefited. And since the “market” did not administer proper punishment, you will continue to make poor market decisions. Or at least that is how it is supposed to work.

All is not right in the world

[Arraya]

Well, here’s the thing Bill. People feel like you should be punished since the market did not do a sufficient job for your poor decision to purchase.

See, you self corrected without market punishment and benefited. And since the “market” did not administer proper punishment, you will continue to make poor market decisions. Or at least that is how it is supposed to work.

All is not right in the world

[Arraya]

Well, here’s the thing Bill. People feel like you should be punished since the market did not do a sufficient job for your poor decision to purchase.

See, you self corrected without market punishment and benefited. And since the “market” did not administer proper punishment, you will continue to make poor market decisions. Or at least that is how it is supposed to work.

All is not right in the world

[Arraya]

Well, here’s the thing Bill. People feel like you should be punished since the market did not do a sufficient job for your poor decision to purchase.

See, you self corrected without market punishment and benefited. And since the “market” did not administer proper punishment, you will continue to make poor market decisions. Or at least that is how it is supposed to work.

All is not right in the world

[Arraya]

Well, here’s the thing Bill. People feel like you should be punished since the market did not do a sufficient job for your poor decision to purchase.

See, you self corrected without market punishment and benefited. And since the “market” did not administer proper punishment, you will continue to make poor market decisions. Or at least that is how it is supposed to work.

All is not right in the world

[Coronita]

…and yet some people still wonder why companies need to pull folk’s credit files as part of consideration for hiring for some positions….

Would you feel comp some of these clowns at a datacenters with access to your PII or worse to things needing security clearance???

http://articles.moneycentral.msn.com/Banking/YourCreditRating/how-bad-credit-can-cost-you-a-job.aspx

When I use to run a part of a systems group that handles b-2-b transactions, folks always wondered why as part of background check we pulled criminal records and credit reports. It wasn’t the only deciding factor, but was one extra data point to consider in hiring, granting access to parts of the system,etc.

[Coronita]

…and yet some people still wonder why companies need to pull folk’s credit files as part of consideration for hiring for some positions….

Would you feel comp some of these clowns at a datacenters with access to your PII or worse to things needing security clearance???

http://articles.moneycentral.msn.com/Banking/YourCreditRating/how-bad-credit-can-cost-you-a-job.aspx

When I use to run a part of a systems group that handles b-2-b transactions, folks always wondered why as part of background check we pulled criminal records and credit reports. It wasn’t the only deciding factor, but was one extra data point to consider in hiring, granting access to parts of the system,etc.

[Coronita]

…and yet some people still wonder why companies need to pull folk’s credit files as part of consideration for hiring for some positions….

Would you feel comp some of these clowns at a datacenters with access to your PII or worse to things needing security clearance???

http://articles.moneycentral.msn.com/Banking/YourCreditRating/how-bad-credit-can-cost-you-a-job.aspx

When I use to run a part of a systems group that handles b-2-b transactions, folks always wondered why as part of background check we pulled criminal records and credit reports. It wasn’t the only deciding factor, but was one extra data point to consider in hiring, granting access to parts of the system,etc.

[Coronita]

…and yet some people still wonder why companies need to pull folk’s credit files as part of consideration for hiring for some positions….

Would you feel comp some of these clowns at a datacenters with access to your PII or worse to things needing security clearance???

http://articles.moneycentral.msn.com/Banking/YourCreditRating/how-bad-credit-can-cost-you-a-job.aspx

When I use to run a part of a systems group that handles b-2-b transactions, folks always wondered why as part of background check we pulled criminal records and credit reports. It wasn’t the only deciding factor, but was one extra data point to consider in hiring, granting access to parts of the system,etc.

[Author]

Posts