[aldante]

[quote=Russell]Dear Mr. Obama,

In 2006 I put a bunch of my own money down on a house and mortgaged a small fraction.It really is nothing at all to pay it even in this recession, I mean since we turned off the electricity and live on rice and beans. Things have been tight at times but we were proud of the blood sweat and tears we put into making a “home” we could afford. Someone I know got a 100% loan from Countrywide and a way better house. In the interim he has spent money like a fiend. He also has several other properties he is losing which fueled some of the spending with MEW.They are all maxed out! They have a lot of stuff and have had insane trips to almost any place you can think of. They got a built in pool last year. We had one of those blow up things.

Now these people are in deep trouble. They might lose their house, I mean houses.Please save them from this crisis!I think they hid a bunch of money and quit paying their mortgage.They need that money! I think it would be cool if you give them a lot of principal reduction to help them deal with the consequences of their American dreaming…After all, what better use of the nations capacity for charity could there be? Oh, and I think in the process you should make all rich people richer.Make sure they don’t lose any of that money they lent to over-spenders. That all would be a shame, since our economy depends on these kinds of things happening. Think of all the reasonable spenders,renters and owners alike… and the homeless schizophrenics living in American parks who would be screwed if you didn’t save the rich! Thanks for taking good care of us.

Best wishes to Michelle, who looks great in Narcisco and yourself, for all the hope you bring.[/quote]

Russell,

Fantastic……I love it.

[aldante]

[quote=Russell]Dear Mr. Obama,

In 2006 I put a bunch of my own money down on a house and mortgaged a small fraction.It really is nothing at all to pay it even in this recession, I mean since we turned off the electricity and live on rice and beans. Things have been tight at times but we were proud of the blood sweat and tears we put into making a “home” we could afford. Someone I know got a 100% loan from Countrywide and a way better house. In the interim he has spent money like a fiend. He also has several other properties he is losing which fueled some of the spending with MEW.They are all maxed out! They have a lot of stuff and have had insane trips to almost any place you can think of. They got a built in pool last year. We had one of those blow up things.

Now these people are in deep trouble. They might lose their house, I mean houses.Please save them from this crisis!I think they hid a bunch of money and quit paying their mortgage.They need that money! I think it would be cool if you give them a lot of principal reduction to help them deal with the consequences of their American dreaming…After all, what better use of the nations capacity for charity could there be? Oh, and I think in the process you should make all rich people richer.Make sure they don’t lose any of that money they lent to over-spenders. That all would be a shame, since our economy depends on these kinds of things happening. Think of all the reasonable spenders,renters and owners alike… and the homeless schizophrenics living in American parks who would be screwed if you didn’t save the rich! Thanks for taking good care of us.

Best wishes to Michelle, who looks great in Narcisco and yourself, for all the hope you bring.[/quote]

Russell,

Fantastic……I love it.

[aldante]

[quote=Russell]Dear Mr. Obama,

In 2006 I put a bunch of my own money down on a house and mortgaged a small fraction.It really is nothing at all to pay it even in this recession, I mean since we turned off the electricity and live on rice and beans. Things have been tight at times but we were proud of the blood sweat and tears we put into making a “home” we could afford. Someone I know got a 100% loan from Countrywide and a way better house. In the interim he has spent money like a fiend. He also has several other properties he is losing which fueled some of the spending with MEW.They are all maxed out! They have a lot of stuff and have had insane trips to almost any place you can think of. They got a built in pool last year. We had one of those blow up things.

Now these people are in deep trouble. They might lose their house, I mean houses.Please save them from this crisis!I think they hid a bunch of money and quit paying their mortgage.They need that money! I think it would be cool if you give them a lot of principal reduction to help them deal with the consequences of their American dreaming…After all, what better use of the nations capacity for charity could there be? Oh, and I think in the process you should make all rich people richer.Make sure they don’t lose any of that money they lent to over-spenders. That all would be a shame, since our economy depends on these kinds of things happening. Think of all the reasonable spenders,renters and owners alike… and the homeless schizophrenics living in American parks who would be screwed if you didn’t save the rich! Thanks for taking good care of us.

Best wishes to Michelle, who looks great in Narcisco and yourself, for all the hope you bring.[/quote]

Russell,

Fantastic……I love it.

[aldante]

SD Realtor,
I think you have a very keen mind and are honest.
When I talk to clients about bonds many of them do not see the down-side to bonds. That is becasue I tell them that we have witnessed a 30 year bull run in bonds. I think that your view is indeed based on your experience but that you have been selling real estate in Southern California during the best time ever to sell real estate in Southern California. I do see that you see a crash coming – can you tell when will come? Becasue if I buy a home here it is not just a one or two year decsion it is 30 year decision. When will the 20k homes in shadow inventory come on to the market in SD county? When will the 2million homes in the shawdow inventory in the country come on the market? What is going to happen to real estate in southern california when the interest rate curve doubles?
These are the considerations that many “true” buyers of real estate need to think about. As for the “flipper market” I think of them the same way I do the guy on the offramp looking for a handout – if our government did not give these people a handout they would be driving 1979 Corrola’s…not a 2009 Jag. I saw and spoke to many of the realtors in the day about how I was a real whimp for not stepping up and buying a 850k house (now around 500k) to trust many people who are bullish on the housing market anywhere.
As for trying to time when this thing breaks down, it is the most common error in bubbles for people to think “I will get out before everyone else does”. No thanks.
No one is addressing the shadow inventory, no one is talking about the fraud perpetraded on SD county by people in your profession who have never been looked at. No one is addressing that all subsities eventually stop. No one is addressing the morality of living in a “free” county yet having to pay for someone else’s mortgage. My view is that the collusion amongst realtors is so rampant -that when the truth gets out real esate here will falter again. All IMHO.

[aldante]

SD Realtor,
I think you have a very keen mind and are honest.
When I talk to clients about bonds many of them do not see the down-side to bonds. That is becasue I tell them that we have witnessed a 30 year bull run in bonds. I think that your view is indeed based on your experience but that you have been selling real estate in Southern California during the best time ever to sell real estate in Southern California. I do see that you see a crash coming – can you tell when will come? Becasue if I buy a home here it is not just a one or two year decsion it is 30 year decision. When will the 20k homes in shadow inventory come on to the market in SD county? When will the 2million homes in the shawdow inventory in the country come on the market? What is going to happen to real estate in southern california when the interest rate curve doubles?
These are the considerations that many “true” buyers of real estate need to think about. As for the “flipper market” I think of them the same way I do the guy on the offramp looking for a handout – if our government did not give these people a handout they would be driving 1979 Corrola’s…not a 2009 Jag. I saw and spoke to many of the realtors in the day about how I was a real whimp for not stepping up and buying a 850k house (now around 500k) to trust many people who are bullish on the housing market anywhere.
As for trying to time when this thing breaks down, it is the most common error in bubbles for people to think “I will get out before everyone else does”. No thanks.
No one is addressing the shadow inventory, no one is talking about the fraud perpetraded on SD county by people in your profession who have never been looked at. No one is addressing that all subsities eventually stop. No one is addressing the morality of living in a “free” county yet having to pay for someone else’s mortgage. My view is that the collusion amongst realtors is so rampant -that when the truth gets out real esate here will falter again. All IMHO.

[aldante]

SD Realtor,
I think you have a very keen mind and are honest.
When I talk to clients about bonds many of them do not see the down-side to bonds. That is becasue I tell them that we have witnessed a 30 year bull run in bonds. I think that your view is indeed based on your experience but that you have been selling real estate in Southern California during the best time ever to sell real estate in Southern California. I do see that you see a crash coming – can you tell when will come? Becasue if I buy a home here it is not just a one or two year decsion it is 30 year decision. When will the 20k homes in shadow inventory come on to the market in SD county? When will the 2million homes in the shawdow inventory in the country come on the market? What is going to happen to real estate in southern california when the interest rate curve doubles?
These are the considerations that many “true” buyers of real estate need to think about. As for the “flipper market” I think of them the same way I do the guy on the offramp looking for a handout – if our government did not give these people a handout they would be driving 1979 Corrola’s…not a 2009 Jag. I saw and spoke to many of the realtors in the day about how I was a real whimp for not stepping up and buying a 850k house (now around 500k) to trust many people who are bullish on the housing market anywhere.
As for trying to time when this thing breaks down, it is the most common error in bubbles for people to think “I will get out before everyone else does”. No thanks.
No one is addressing the shadow inventory, no one is talking about the fraud perpetraded on SD county by people in your profession who have never been looked at. No one is addressing that all subsities eventually stop. No one is addressing the morality of living in a “free” county yet having to pay for someone else’s mortgage. My view is that the collusion amongst realtors is so rampant -that when the truth gets out real esate here will falter again. All IMHO.

[aldante]

SD Realtor,
I think you have a very keen mind and are honest.
When I talk to clients about bonds many of them do not see the down-side to bonds. That is becasue I tell them that we have witnessed a 30 year bull run in bonds. I think that your view is indeed based on your experience but that you have been selling real estate in Southern California during the best time ever to sell real estate in Southern California. I do see that you see a crash coming – can you tell when will come? Becasue if I buy a home here it is not just a one or two year decsion it is 30 year decision. When will the 20k homes in shadow inventory come on to the market in SD county? When will the 2million homes in the shawdow inventory in the country come on the market? What is going to happen to real estate in southern california when the interest rate curve doubles?
These are the considerations that many “true” buyers of real estate need to think about. As for the “flipper market” I think of them the same way I do the guy on the offramp looking for a handout – if our government did not give these people a handout they would be driving 1979 Corrola’s…not a 2009 Jag. I saw and spoke to many of the realtors in the day about how I was a real whimp for not stepping up and buying a 850k house (now around 500k) to trust many people who are bullish on the housing market anywhere.
As for trying to time when this thing breaks down, it is the most common error in bubbles for people to think “I will get out before everyone else does”. No thanks.
No one is addressing the shadow inventory, no one is talking about the fraud perpetraded on SD county by people in your profession who have never been looked at. No one is addressing that all subsities eventually stop. No one is addressing the morality of living in a “free” county yet having to pay for someone else’s mortgage. My view is that the collusion amongst realtors is so rampant -that when the truth gets out real esate here will falter again. All IMHO.

[aldante]

SD Realtor,
I think you have a very keen mind and are honest.
When I talk to clients about bonds many of them do not see the down-side to bonds. That is becasue I tell them that we have witnessed a 30 year bull run in bonds. I think that your view is indeed based on your experience but that you have been selling real estate in Southern California during the best time ever to sell real estate in Southern California. I do see that you see a crash coming – can you tell when will come? Becasue if I buy a home here it is not just a one or two year decsion it is 30 year decision. When will the 20k homes in shadow inventory come on to the market in SD county? When will the 2million homes in the shawdow inventory in the country come on the market? What is going to happen to real estate in southern california when the interest rate curve doubles?
These are the considerations that many “true” buyers of real estate need to think about. As for the “flipper market” I think of them the same way I do the guy on the offramp looking for a handout – if our government did not give these people a handout they would be driving 1979 Corrola’s…not a 2009 Jag. I saw and spoke to many of the realtors in the day about how I was a real whimp for not stepping up and buying a 850k house (now around 500k) to trust many people who are bullish on the housing market anywhere.
As for trying to time when this thing breaks down, it is the most common error in bubbles for people to think “I will get out before everyone else does”. No thanks.
No one is addressing the shadow inventory, no one is talking about the fraud perpetraded on SD county by people in your profession who have never been looked at. No one is addressing that all subsities eventually stop. No one is addressing the morality of living in a “free” county yet having to pay for someone else’s mortgage. My view is that the collusion amongst realtors is so rampant -that when the truth gets out real esate here will falter again. All IMHO.

[aldante]

[quote=Arraya][quote]The Government using tax payer money and their power to force banks to do loan mods and principle reductions is some of the most scary anti-free market stuff I have ever seen[/quote]

The government is FORCING banks to take money, become solvent and stay in business Bwaaahaaaaa!!!
[img_assist|nid=12525|title=Leave the banks alone!|desc=|link=node|align=left|width=350|height=262][/quote]

Arraya,
You can’t be serious?

[aldante]

[quote=Arraya][quote]The Government using tax payer money and their power to force banks to do loan mods and principle reductions is some of the most scary anti-free market stuff I have ever seen[/quote]

The government is FORCING banks to take money, become solvent and stay in business Bwaaahaaaaa!!!
[img_assist|nid=12525|title=Leave the banks alone!|desc=|link=node|align=left|width=350|height=262][/quote]

Arraya,
You can’t be serious?

[aldante]

[quote=Arraya][quote]The Government using tax payer money and their power to force banks to do loan mods and principle reductions is some of the most scary anti-free market stuff I have ever seen[/quote]

The government is FORCING banks to take money, become solvent and stay in business Bwaaahaaaaa!!!
[img_assist|nid=12525|title=Leave the banks alone!|desc=|link=node|align=left|width=350|height=262][/quote]

Arraya,
You can’t be serious?

[aldante]

[quote=Arraya][quote]The Government using tax payer money and their power to force banks to do loan mods and principle reductions is some of the most scary anti-free market stuff I have ever seen[/quote]

The government is FORCING banks to take money, become solvent and stay in business Bwaaahaaaaa!!!
[img_assist|nid=12525|title=Leave the banks alone!|desc=|link=node|align=left|width=350|height=262][/quote]

Arraya,
You can’t be serious?

[aldante]

[quote=Arraya][quote]The Government using tax payer money and their power to force banks to do loan mods and principle reductions is some of the most scary anti-free market stuff I have ever seen[/quote]

The government is FORCING banks to take money, become solvent and stay in business Bwaaahaaaaa!!!
[img_assist|nid=12525|title=Leave the banks alone!|desc=|link=node|align=left|width=350|height=262][/quote]

Arraya,
You can’t be serious?

[aldante]

What the hell am I supposed to do now? Over pay some ahole for his overpriced home…not pay the mortgage and get it paid for freee?

Obama can S**k my D***

[aldante]

What the hell am I supposed to do now? Over pay some ahole for his overpriced home…not pay the mortgage and get it paid for freee?

Obama can S**k my D***

[Author]

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