Forum Replies Created
-
AuthorPosts
-
December 11, 2008 at 8:25 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314588December 11, 2008 at 8:25 AM in reply to: How will foreclosure freeze 3-6 months affect home price? #314660
blahblahblah
ParticipantThe foreclosure freeze is just another market distortion that prevents participants from determining a house’s real value. E-Z Credit was the last one, now we’ll get foreclosure freezes, principal reductions, etc… on and on and on. The banks and government and of course the idiot speculators don’t want these assets to return to their real value so they will resort to ever-more exotic and weird shenanigans to prevent this from happening. These will go on as long as they can possibly get away with it. When this foreclosure freeze expires you can bet that there will be lots of pressure to extend it.
Participantesmith brings up some good points. Both of my parents fall into the “under 65 and employable” catagory, yet neither works anymore. They left today to go run a marathon, so they arnt in the unemployable catagory yet they inflate your stats as they dont have jobs. They saved and invested and worked hard and now are enjoying a long retiremnet for it. They should not be counted as “unemployed”.
They won’t be counted. The unemployment calculation works like this:
% Unemployed = % of population currently receiving unemployment benefits
Since unemployment benefits run out after a few months (varies by state), the number doesn’t reflect those who never found a job before their benefits ran out.
Participantesmith brings up some good points. Both of my parents fall into the “under 65 and employable” catagory, yet neither works anymore. They left today to go run a marathon, so they arnt in the unemployable catagory yet they inflate your stats as they dont have jobs. They saved and invested and worked hard and now are enjoying a long retiremnet for it. They should not be counted as “unemployed”.
They won’t be counted. The unemployment calculation works like this:
% Unemployed = % of population currently receiving unemployment benefits
Since unemployment benefits run out after a few months (varies by state), the number doesn’t reflect those who never found a job before their benefits ran out.
Participantesmith brings up some good points. Both of my parents fall into the “under 65 and employable” catagory, yet neither works anymore. They left today to go run a marathon, so they arnt in the unemployable catagory yet they inflate your stats as they dont have jobs. They saved and invested and worked hard and now are enjoying a long retiremnet for it. They should not be counted as “unemployed”.
They won’t be counted. The unemployment calculation works like this:
% Unemployed = % of population currently receiving unemployment benefits
Since unemployment benefits run out after a few months (varies by state), the number doesn’t reflect those who never found a job before their benefits ran out.
Participantesmith brings up some good points. Both of my parents fall into the “under 65 and employable” catagory, yet neither works anymore. They left today to go run a marathon, so they arnt in the unemployable catagory yet they inflate your stats as they dont have jobs. They saved and invested and worked hard and now are enjoying a long retiremnet for it. They should not be counted as “unemployed”.
They won’t be counted. The unemployment calculation works like this:
% Unemployed = % of population currently receiving unemployment benefits
Since unemployment benefits run out after a few months (varies by state), the number doesn’t reflect those who never found a job before their benefits ran out.
Participantesmith brings up some good points. Both of my parents fall into the “under 65 and employable” catagory, yet neither works anymore. They left today to go run a marathon, so they arnt in the unemployable catagory yet they inflate your stats as they dont have jobs. They saved and invested and worked hard and now are enjoying a long retiremnet for it. They should not be counted as “unemployed”.
They won’t be counted. The unemployment calculation works like this:
% Unemployed = % of population currently receiving unemployment benefits
Since unemployment benefits run out after a few months (varies by state), the number doesn’t reflect those who never found a job before their benefits ran out.
ParticipantIt’s also over here at housingbubblecasualty.com. This guy doesn’t post a lot but when he does it’s good stuff. My favorite though has got to be Dr. Housing Bubble. His stuff is insightful and also hilarious…
ParticipantIt’s also over here at housingbubblecasualty.com. This guy doesn’t post a lot but when he does it’s good stuff. My favorite though has got to be Dr. Housing Bubble. His stuff is insightful and also hilarious…
ParticipantIt’s also over here at housingbubblecasualty.com. This guy doesn’t post a lot but when he does it’s good stuff. My favorite though has got to be Dr. Housing Bubble. His stuff is insightful and also hilarious…
ParticipantIt’s also over here at housingbubblecasualty.com. This guy doesn’t post a lot but when he does it’s good stuff. My favorite though has got to be Dr. Housing Bubble. His stuff is insightful and also hilarious…
ParticipantIt’s also over here at housingbubblecasualty.com. This guy doesn’t post a lot but when he does it’s good stuff. My favorite though has got to be Dr. Housing Bubble. His stuff is insightful and also hilarious…
ParticipantI can assure you that none of the plans we will see will benefit the stupid homebuyers that got in over their heads, except that they will be able to effectively rent their houses indefinitely. They will never build any equity, they will never own them. Here’s what will happen:
* Banks will get government to pay them for their bad debt losses. They keep the houses, effectively purchasing them with free money from the government.
* The banks will allow the overextended homebuyers to remain in the homes by extending the mortgage terms or doing indefinite interest-only loans. The “homebuyers” will get to stay in the house but most of them will never own it.
What is happening is the creation of a huge class of indentured servants beholden to the banking class, all financed with your tax dollars. Yes they will get to live in their McMansions, but they will be far from free.
The last thing the banker class wants is lower house prices! If house prices revert to their true value, many savers will purchase them and the bankers will be cheated out of large amounts of interest income. By keeping the houses in weaker hands they can ensure a steady stream of interest nearly indefinitely. This is only possible because the government is giving the cash to finance the operation.
100 years ago most homes were eventually owned by those who lived in them. 30 years ago, a lot of people paid their mortgages off before they passed away and their children inherited real property. Now, very few people will ever pay these houses off and they will remain in the hands of the banker class forever. Your tax dollars are going to purchase homes and give them to the bankers. They can rent them to “homebuyers” forever and earn interest, they never have to do any repairs (that’s the responsibility of the “homebuyer”). When one “homebuyer” passes away or can no longer make payments, it goes to the next “homebuyer” who will likely be in the same boat. It is pure evil genius.
Welcome to the USSA comrades. The TRUE FACE of your government is now becoming visible; it is not the president or congress or the courts, they are only the administrators. The banks run this show…
ParticipantI can assure you that none of the plans we will see will benefit the stupid homebuyers that got in over their heads, except that they will be able to effectively rent their houses indefinitely. They will never build any equity, they will never own them. Here’s what will happen:
* Banks will get government to pay them for their bad debt losses. They keep the houses, effectively purchasing them with free money from the government.
* The banks will allow the overextended homebuyers to remain in the homes by extending the mortgage terms or doing indefinite interest-only loans. The “homebuyers” will get to stay in the house but most of them will never own it.
What is happening is the creation of a huge class of indentured servants beholden to the banking class, all financed with your tax dollars. Yes they will get to live in their McMansions, but they will be far from free.
The last thing the banker class wants is lower house prices! If house prices revert to their true value, many savers will purchase them and the bankers will be cheated out of large amounts of interest income. By keeping the houses in weaker hands they can ensure a steady stream of interest nearly indefinitely. This is only possible because the government is giving the cash to finance the operation.
100 years ago most homes were eventually owned by those who lived in them. 30 years ago, a lot of people paid their mortgages off before they passed away and their children inherited real property. Now, very few people will ever pay these houses off and they will remain in the hands of the banker class forever. Your tax dollars are going to purchase homes and give them to the bankers. They can rent them to “homebuyers” forever and earn interest, they never have to do any repairs (that’s the responsibility of the “homebuyer”). When one “homebuyer” passes away or can no longer make payments, it goes to the next “homebuyer” who will likely be in the same boat. It is pure evil genius.
Welcome to the USSA comrades. The TRUE FACE of your government is now becoming visible; it is not the president or congress or the courts, they are only the administrators. The banks run this show…
ParticipantI can assure you that none of the plans we will see will benefit the stupid homebuyers that got in over their heads, except that they will be able to effectively rent their houses indefinitely. They will never build any equity, they will never own them. Here’s what will happen:
* Banks will get government to pay them for their bad debt losses. They keep the houses, effectively purchasing them with free money from the government.
* The banks will allow the overextended homebuyers to remain in the homes by extending the mortgage terms or doing indefinite interest-only loans. The “homebuyers” will get to stay in the house but most of them will never own it.
What is happening is the creation of a huge class of indentured servants beholden to the banking class, all financed with your tax dollars. Yes they will get to live in their McMansions, but they will be far from free.
The last thing the banker class wants is lower house prices! If house prices revert to their true value, many savers will purchase them and the bankers will be cheated out of large amounts of interest income. By keeping the houses in weaker hands they can ensure a steady stream of interest nearly indefinitely. This is only possible because the government is giving the cash to finance the operation.
100 years ago most homes were eventually owned by those who lived in them. 30 years ago, a lot of people paid their mortgages off before they passed away and their children inherited real property. Now, very few people will ever pay these houses off and they will remain in the hands of the banker class forever. Your tax dollars are going to purchase homes and give them to the bankers. They can rent them to “homebuyers” forever and earn interest, they never have to do any repairs (that’s the responsibility of the “homebuyer”). When one “homebuyer” passes away or can no longer make payments, it goes to the next “homebuyer” who will likely be in the same boat. It is pure evil genius.
Welcome to the USSA comrades. The TRUE FACE of your government is now becoming visible; it is not the president or congress or the courts, they are only the administrators. The banks run this show…
-
AuthorPosts
