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BigGovernmentIsGood
ParticipantI think this is a way for the top 1 percenters to keep those at the bottom from rising up. If people at the bottom are able to stay in their homes and not have to make mortgage payments, then they can survive on welfare and food stamps. The top 1 percenters want those at the bottom to feel guilt as opposed to anger. So far it’s working.
This squeezes the middle class and causes the middle class to direct their anger to those at the bottom (hello Tea Party!) as opposed to those at the top.
ParticipantI think this is a way for the top 1 percenters to keep those at the bottom from rising up. If people at the bottom are able to stay in their homes and not have to make mortgage payments, then they can survive on welfare and food stamps. The top 1 percenters want those at the bottom to feel guilt as opposed to anger. So far it’s working.
This squeezes the middle class and causes the middle class to direct their anger to those at the bottom (hello Tea Party!) as opposed to those at the top.
ParticipantI think this is a way for the top 1 percenters to keep those at the bottom from rising up. If people at the bottom are able to stay in their homes and not have to make mortgage payments, then they can survive on welfare and food stamps. The top 1 percenters want those at the bottom to feel guilt as opposed to anger. So far it’s working.
This squeezes the middle class and causes the middle class to direct their anger to those at the bottom (hello Tea Party!) as opposed to those at the top.
ParticipantI think this is a way for the top 1 percenters to keep those at the bottom from rising up. If people at the bottom are able to stay in their homes and not have to make mortgage payments, then they can survive on welfare and food stamps. The top 1 percenters want those at the bottom to feel guilt as opposed to anger. So far it’s working.
This squeezes the middle class and causes the middle class to direct their anger to those at the bottom (hello Tea Party!) as opposed to those at the top.
ParticipantDelete – posted in wrong thread.
ParticipantDelete – posted in wrong thread.
ParticipantDelete – posted in wrong thread.
ParticipantDelete – posted in wrong thread.
ParticipantDelete – posted in wrong thread.
ParticipantPeople who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.
Edit: Another way you can win: You get to live for free for some period of time. It may take a few years to work through these things, so maybe you get 2-3 years of no mortgage or rent payment.
Also, why would any of these homewoners agree to write-downs to fair value? I’d be looking for a write-down at least 30% below fair value because the banks and servicers are basically over a barrel.
ParticipantPeople who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.
Edit: Another way you can win: You get to live for free for some period of time. It may take a few years to work through these things, so maybe you get 2-3 years of no mortgage or rent payment.
Also, why would any of these homewoners agree to write-downs to fair value? I’d be looking for a write-down at least 30% below fair value because the banks and servicers are basically over a barrel.
ParticipantPeople who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.
Edit: Another way you can win: You get to live for free for some period of time. It may take a few years to work through these things, so maybe you get 2-3 years of no mortgage or rent payment.
Also, why would any of these homewoners agree to write-downs to fair value? I’d be looking for a write-down at least 30% below fair value because the banks and servicers are basically over a barrel.
ParticipantPeople who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.
Edit: Another way you can win: You get to live for free for some period of time. It may take a few years to work through these things, so maybe you get 2-3 years of no mortgage or rent payment.
Also, why would any of these homewoners agree to write-downs to fair value? I’d be looking for a write-down at least 30% below fair value because the banks and servicers are basically over a barrel.
ParticipantPeople who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.
Edit: Another way you can win: You get to live for free for some period of time. It may take a few years to work through these things, so maybe you get 2-3 years of no mortgage or rent payment.
Also, why would any of these homewoners agree to write-downs to fair value? I’d be looking for a write-down at least 30% below fair value because the banks and servicers are basically over a barrel.
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