Report shows strategic defaults increasing

[NotCranky]

[quote=SD Realtor]Yes they are living for free. Just remember you are paying for them. As will everyone else in your family who pays federal taxes. So each deadbeat that lives for free sucks money away from all the social programs that you feel are essential to our country.[/quote]

For some, Since it is happening on Obama’s watch, it is all good. No hypocrisy there.

[Arraya]

Actually, I think if they lived for free or went out and rented another place, we would still pay. At least this way they can pump more money into the economy and keep people employed. There are between 8-10 million people not paying their mortgage…. That’s gotta help the economy

[Arraya]

Actually, I think if they lived for free or went out and rented another place, we would still pay. At least this way they can pump more money into the economy and keep people employed. There are between 8-10 million people not paying their mortgage…. That’s gotta help the economy

[Arraya]

Actually, I think if they lived for free or went out and rented another place, we would still pay. At least this way they can pump more money into the economy and keep people employed. There are between 8-10 million people not paying their mortgage…. That’s gotta help the economy

[Arraya]

Actually, I think if they lived for free or went out and rented another place, we would still pay. At least this way they can pump more money into the economy and keep people employed. There are between 8-10 million people not paying their mortgage…. That’s gotta help the economy

[Arraya]

Actually, I think if they lived for free or went out and rented another place, we would still pay. At least this way they can pump more money into the economy and keep people employed. There are between 8-10 million people not paying their mortgage…. That’s gotta help the economy

[jpinpb]

That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.

[jpinpb]

That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.

[jpinpb]

That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.

[jpinpb]

That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.

[jpinpb]

That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.

[briansd1]

[quote=Russell][quote=SD Realtor]Yes they are living for free. Just remember you are paying for them. As will everyone else in your family who pays federal taxes. So each deadbeat that lives for free sucks money away from all the social programs that you feel are essential to our country.[/quote]

For some, Since it is happening on Obama’s watch, it is all good. No hypocrisy there.[/quote]

It’s not true to say that the government is directly paying for the deadbeat.

The government is bailing out the banks to prop up the economy, so we don’t all suffer a collapse.

The fact that banks choose not to foreclose on a timely basis is a side effect of accounting rules on how banks recognize loan losses; or it’s simple incompetence on the part of private banks. But those are private decisions made in the private sector.

Sure, the government has a role in providing incentives for good or bad behavior… but private citizens and business have the primary responsibility for their actions.

As for the Obama remark, bad government decisions, made years before Obama, created the financial incentives that led to the crash.

TARP and Fed led bailouts are pre-Obama. Those huge trillion-dollar programs were put in place before Obama took office. It’s not something that can be easily undone at the stroke of a pen.

This new administration is trying to mitigate the social costs of the crash.

The reality is never as simple as the headlines. (For example, Republicans never liked Medicare, but why did they not undo it (instead of expanding it like Bush did) when they were in power?).

[briansd1]

[quote=Russell][quote=SD Realtor]Yes they are living for free. Just remember you are paying for them. As will everyone else in your family who pays federal taxes. So each deadbeat that lives for free sucks money away from all the social programs that you feel are essential to our country.[/quote]

For some, Since it is happening on Obama’s watch, it is all good. No hypocrisy there.[/quote]

It’s not true to say that the government is directly paying for the deadbeat.

The government is bailing out the banks to prop up the economy, so we don’t all suffer a collapse.

The fact that banks choose not to foreclose on a timely basis is a side effect of accounting rules on how banks recognize loan losses; or it’s simple incompetence on the part of private banks. But those are private decisions made in the private sector.

Sure, the government has a role in providing incentives for good or bad behavior… but private citizens and business have the primary responsibility for their actions.

As for the Obama remark, bad government decisions, made years before Obama, created the financial incentives that led to the crash.

TARP and Fed led bailouts are pre-Obama. Those huge trillion-dollar programs were put in place before Obama took office. It’s not something that can be easily undone at the stroke of a pen.

This new administration is trying to mitigate the social costs of the crash.

The reality is never as simple as the headlines. (For example, Republicans never liked Medicare, but why did they not undo it (instead of expanding it like Bush did) when they were in power?).

[briansd1]

[quote=Russell][quote=SD Realtor]Yes they are living for free. Just remember you are paying for them. As will everyone else in your family who pays federal taxes. So each deadbeat that lives for free sucks money away from all the social programs that you feel are essential to our country.[/quote]

For some, Since it is happening on Obama’s watch, it is all good. No hypocrisy there.[/quote]

It’s not true to say that the government is directly paying for the deadbeat.

The government is bailing out the banks to prop up the economy, so we don’t all suffer a collapse.

The fact that banks choose not to foreclose on a timely basis is a side effect of accounting rules on how banks recognize loan losses; or it’s simple incompetence on the part of private banks. But those are private decisions made in the private sector.

Sure, the government has a role in providing incentives for good or bad behavior… but private citizens and business have the primary responsibility for their actions.

As for the Obama remark, bad government decisions, made years before Obama, created the financial incentives that led to the crash.

TARP and Fed led bailouts are pre-Obama. Those huge trillion-dollar programs were put in place before Obama took office. It’s not something that can be easily undone at the stroke of a pen.

This new administration is trying to mitigate the social costs of the crash.

The reality is never as simple as the headlines. (For example, Republicans never liked Medicare, but why did they not undo it (instead of expanding it like Bush did) when they were in power?).

[briansd1]

[quote=Russell][quote=SD Realtor]Yes they are living for free. Just remember you are paying for them. As will everyone else in your family who pays federal taxes. So each deadbeat that lives for free sucks money away from all the social programs that you feel are essential to our country.[/quote]

For some, Since it is happening on Obama’s watch, it is all good. No hypocrisy there.[/quote]

It’s not true to say that the government is directly paying for the deadbeat.

The government is bailing out the banks to prop up the economy, so we don’t all suffer a collapse.

The fact that banks choose not to foreclose on a timely basis is a side effect of accounting rules on how banks recognize loan losses; or it’s simple incompetence on the part of private banks. But those are private decisions made in the private sector.

Sure, the government has a role in providing incentives for good or bad behavior… but private citizens and business have the primary responsibility for their actions.

As for the Obama remark, bad government decisions, made years before Obama, created the financial incentives that led to the crash.

TARP and Fed led bailouts are pre-Obama. Those huge trillion-dollar programs were put in place before Obama took office. It’s not something that can be easily undone at the stroke of a pen.

This new administration is trying to mitigate the social costs of the crash.

The reality is never as simple as the headlines. (For example, Republicans never liked Medicare, but why did they not undo it (instead of expanding it like Bush did) when they were in power?).

[Author]

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