[contraman]

CDMA and Gang,

I hate to disappoint everyone here but I would make a terrible politician as I don’t practice the habits of lying to people to get a vote, taking bribes and payoffs from special interest groups, and flattering and kissing people’s asses every day. I call a spade a spade and I value my name above any amount of riches.

A few things here on the threads posted above and below. The Katrina comparison to the morrgage dilemna is a faulty one. It is not even apples to oranges here.

I would certainly agree that the government was lax in their anticipation of this type of event and did not prepare accordingly on some levels. In this case, I feel they should step in and help people in a VERY MONITORED AND ORGANIZED FASHION which they never do…hence the “fleecing of America” stories on the nightly news.

These people had very little control over A HURRICANE STORM and the effects it could have on them. They were warned by the media in the days before the storm to evacuate the area. Some made the decision to do that, some stayed and reaped the conseqences physically, and others?

These people did not sign papers to allow the storm to ravage their home. Big Difference.

All this being said, it is very sad what has happened there and the poor follow up that is taking place to help these people.

The point I am trying to make here is that people have been living way above their means for the last decade and the materialism of this country and the striving to get rich is out of control, hence, the need to reset the values.

AMEX can give me a line of credit, that doesn’t mean that I have to CHOOSE to max it out.

Bank you name it, can offer me a negative amortizing loan to purchase a home that I only use 50% of, but I can CHOOSE not to put myself and family in this situation.

Anyone can give you the gun, you CHOOSE to pull the trigger.

Here is the word of the day “DOWNSIZE”.

Sincerely, Contraman

[contraman]

Amen, brother kick save, preach the good word! Could not agree more….

And give me an offering and God will make you rich too! hahahahahaha….

Sincerely, Contraman

[contraman]

Amen, brother kick save, preach the good word! Could not agree more….

And give me an offering and God will make you rich too! hahahahahaha….

Sincerely, Contraman

[contraman]

Amen, brother kick save, preach the good word! Could not agree more….

And give me an offering and God will make you rich too! hahahahahaha….

Sincerely, Contraman

[contraman]

There are indeed exceptions to my points here, obviously, when people have emergencies they were not planning on it throws a kink in things, this is life, and happens to us all at one time or another. I am not addressing these instances, but rather the ones where people don’t take the time to be responsible for themselves and their family concerning mortgages and home ownership.

All people know where I library is located and if they don’t want to be screwed BAD ENOUGH then walk there and get educated and make a wise decision. It is up to you!

THERE ARE NO EXCUSES AND YOU CAN POST TO THIS THREAD ALL YOUR LIFE AND WON’T CONVINCE ME OTHERWISE.

Maybe I should market and sell debt pills and when you take them your debt automatically disappears! Or maybe, I should get up and go to the gym every day and not consume more calories than I burn……oh, that takes work, effort, and commitment…VALUES…..

Sincerely, Contraman

[contraman]

There are indeed exceptions to my points here, obviously, when people have emergencies they were not planning on it throws a kink in things, this is life, and happens to us all at one time or another. I am not addressing these instances, but rather the ones where people don’t take the time to be responsible for themselves and their family concerning mortgages and home ownership.

All people know where I library is located and if they don’t want to be screwed BAD ENOUGH then walk there and get educated and make a wise decision. It is up to you!

THERE ARE NO EXCUSES AND YOU CAN POST TO THIS THREAD ALL YOUR LIFE AND WON’T CONVINCE ME OTHERWISE.

Maybe I should market and sell debt pills and when you take them your debt automatically disappears! Or maybe, I should get up and go to the gym every day and not consume more calories than I burn……oh, that takes work, effort, and commitment…VALUES…..

Sincerely, Contraman

[contraman]

There are indeed exceptions to my points here, obviously, when people have emergencies they were not planning on it throws a kink in things, this is life, and happens to us all at one time or another. I am not addressing these instances, but rather the ones where people don’t take the time to be responsible for themselves and their family concerning mortgages and home ownership.

All people know where I library is located and if they don’t want to be screwed BAD ENOUGH then walk there and get educated and make a wise decision. It is up to you!

THERE ARE NO EXCUSES AND YOU CAN POST TO THIS THREAD ALL YOUR LIFE AND WON’T CONVINCE ME OTHERWISE.

Maybe I should market and sell debt pills and when you take them your debt automatically disappears! Or maybe, I should get up and go to the gym every day and not consume more calories than I burn……oh, that takes work, effort, and commitment…VALUES…..

Sincerely, Contraman

[contraman]

8 Steps to making the right mortgage decision.

1) Get a library card and FIND AND MAKE TIME to be responsible for you and the well being of your family. Red, yellow, black, white, rich, poor, middle, low, or upper class. If you can read and walk you are qualified here.

2) Go to the sections that have books on how to manage your finances, real estate, investing, how to budget, how to DELAY THE GRATIFICATION of things in life, types of mortgages, anything having to do with these subjects and check them out for FREE!

3) Turn the TV off and do a TV fast for 30 days. The time you would have spent WASTING TIME watching TV shows that won't help you plan to put your kids through college and the SLICK NO COST MARKETING ADS FROM COUNTRYWIDE you can spend READING THE BOOKS FROM THE LIBRARY.

4) Now take all this knowledge that you have accumulated over the 30 days and put it to use and use it in such a way to not get taken advantage of anymore by liars, slicksters, the govt, American Express, or your lender.

5) Never do RE business with friends and family. It never works, and there is always assumptions and misunderstandings and obligations involved.

6) Quit blaming people for your problems. Take responsibility,learn from mistakes, build character and integrity, and teach others who are younger than you the same.

7) Get a financial calculator. Use it. If you are spending more than you are earning, this will become a problem soon…

8) If you can't afford it, THEN DON'T BUY IT!

Sincerely, Contraman

[contraman]

8 Steps to making the right mortgage decision.

1) Get a library card and FIND AND MAKE TIME to be responsible for you and the well being of your family. Red, yellow, black, white, rich, poor, middle, low, or upper class. If you can read and walk you are qualified here.

2) Go to the sections that have books on how to manage your finances, real estate, investing, how to budget, how to DELAY THE GRATIFICATION of things in life, types of mortgages, anything having to do with these subjects and check them out for FREE!

3) Turn the TV off and do a TV fast for 30 days. The time you would have spent WASTING TIME watching TV shows that won't help you plan to put your kids through college and the SLICK NO COST MARKETING ADS FROM COUNTRYWIDE you can spend READING THE BOOKS FROM THE LIBRARY.

4) Now take all this knowledge that you have accumulated over the 30 days and put it to use and use it in such a way to not get taken advantage of anymore by liars, slicksters, the govt, American Express, or your lender.

5) Never do RE business with friends and family. It never works, and there is always assumptions and misunderstandings and obligations involved.

6) Quit blaming people for your problems. Take responsibility,learn from mistakes, build character and integrity, and teach others who are younger than you the same.

7) Get a financial calculator. Use it. If you are spending more than you are earning, this will become a problem soon…

8) If you can't afford it, THEN DON'T BUY IT!

Sincerely, Contraman

[contraman]

8 Steps to making the right mortgage decision.

1) Get a library card and FIND AND MAKE TIME to be responsible for you and the well being of your family. Red, yellow, black, white, rich, poor, middle, low, or upper class. If you can read and walk you are qualified here.

2) Go to the sections that have books on how to manage your finances, real estate, investing, how to budget, how to DELAY THE GRATIFICATION of things in life, types of mortgages, anything having to do with these subjects and check them out for FREE!

3) Turn the TV off and do a TV fast for 30 days. The time you would have spent WASTING TIME watching TV shows that won't help you plan to put your kids through college and the SLICK NO COST MARKETING ADS FROM COUNTRYWIDE you can spend READING THE BOOKS FROM THE LIBRARY.

4) Now take all this knowledge that you have accumulated over the 30 days and put it to use and use it in such a way to not get taken advantage of anymore by liars, slicksters, the govt, American Express, or your lender.

5) Never do RE business with friends and family. It never works, and there is always assumptions and misunderstandings and obligations involved.

6) Quit blaming people for your problems. Take responsibility,learn from mistakes, build character and integrity, and teach others who are younger than you the same.

7) Get a financial calculator. Use it. If you are spending more than you are earning, this will become a problem soon…

8) If you can't afford it, THEN DON'T BUY IT!

Sincerely, Contraman

[contraman]

Allan, Very well said. The example should start from the top down in the governement and in the family.

Once again, we need an "economic reset" here. Maybe if we piss off China enough "who unknown to 99% of americans literally has our economy by the proverbial balls" and controls us like a puppet on strings this will happen sooner than later….

Others in this post say, I will be retracting my wishes when the hammer falls. Not so. I live a simple life and don't need anything else. I don't buy designer clothes to try to fit in with society and be a clone (hence the nickname contraman). Last time I checked, a polo tshirt and a walmart tshirt are both made of cotton. I won't pay $25.00 more for a logo of some dumb ass on a horse with a stick so I can fit into San Diego culture and be "cool".

To be honest, since I stopped growing about 15 years ago, I rarely even buy any clothes. Don't need them as I don't get caught up in fashion trends. A few pairs of pants and shirts suit me just fine.

I don't buy expensive watches because the timex I have had from 10 years ago that cost $25.00 and my buddies $20,000 yachtmaster serve the same purpose, they tell the time. If I lose it, I don't care, he lost his water skiing a few weeks ago. You think he is pissed and stressed?

My car is paid free and clear because I saved money and drove "less desirable" cars until I could ACTUALLY AFFORD the one I have. Stellar concept.

I have no consumer debt and I bought furniture along time ago as I could AFFORD IT and purchased most of it at Jerome's because a couch there vs. one at some fancy place serve the same purpose, me sitting on it. If my freinds don't like the style, they can by me a fancy one, or they can find someone else to be friends with, I am not going to get sucked into the debt vortex.

Don't need fancy TV's and anything else….I am content.

I don't need a NEW KITCHEN or a NEW CAR or any other material thing and have been saving since I was 15 and living a SIMPLE NON-MATERIALISTIC lifestyle.

This is why I say a reset of values is needed, because we are spoiled materialistic crybabies in this country who value the wrong things.

Young people should take 5 people to lunch within the next week who lived during the "Great Depression" and see how good we have it…and then visit a third world country for a month…..no clue…..

Sincerely,

Contraman

 

 

 

 

 

[contraman]

Allan, Very well said. The example should start from the top down in the governement and in the family.

Once again, we need an "economic reset" here. Maybe if we piss off China enough "who unknown to 99% of americans literally has our economy by the proverbial balls" and controls us like a puppet on strings this will happen sooner than later….

Others in this post say, I will be retracting my wishes when the hammer falls. Not so. I live a simple life and don't need anything else. I don't buy designer clothes to try to fit in with society and be a clone (hence the nickname contraman). Last time I checked, a polo tshirt and a walmart tshirt are both made of cotton. I won't pay $25.00 more for a logo of some dumb ass on a horse with a stick so I can fit into San Diego culture and be "cool".

To be honest, since I stopped growing about 15 years ago, I rarely even buy any clothes. Don't need them as I don't get caught up in fashion trends. A few pairs of pants and shirts suit me just fine.

I don't buy expensive watches because the timex I have had from 10 years ago that cost $25.00 and my buddies $20,000 yachtmaster serve the same purpose, they tell the time. If I lose it, I don't care, he lost his water skiing a few weeks ago. You think he is pissed and stressed?

My car is paid free and clear because I saved money and drove "less desirable" cars until I could ACTUALLY AFFORD the one I have. Stellar concept.

I have no consumer debt and I bought furniture along time ago as I could AFFORD IT and purchased most of it at Jerome's because a couch there vs. one at some fancy place serve the same purpose, me sitting on it. If my freinds don't like the style, they can by me a fancy one, or they can find someone else to be friends with, I am not going to get sucked into the debt vortex.

Don't need fancy TV's and anything else….I am content.

I don't need a NEW KITCHEN or a NEW CAR or any other material thing and have been saving since I was 15 and living a SIMPLE NON-MATERIALISTIC lifestyle.

This is why I say a reset of values is needed, because we are spoiled materialistic crybabies in this country who value the wrong things.

Young people should take 5 people to lunch within the next week who lived during the "Great Depression" and see how good we have it…and then visit a third world country for a month…..no clue…..

Sincerely,

Contraman

 

 

 

 

 

[contraman]

Allan, Very well said. The example should start from the top down in the governement and in the family.

Once again, we need an "economic reset" here. Maybe if we piss off China enough "who unknown to 99% of americans literally has our economy by the proverbial balls" and controls us like a puppet on strings this will happen sooner than later….

Others in this post say, I will be retracting my wishes when the hammer falls. Not so. I live a simple life and don't need anything else. I don't buy designer clothes to try to fit in with society and be a clone (hence the nickname contraman). Last time I checked, a polo tshirt and a walmart tshirt are both made of cotton. I won't pay $25.00 more for a logo of some dumb ass on a horse with a stick so I can fit into San Diego culture and be "cool".

To be honest, since I stopped growing about 15 years ago, I rarely even buy any clothes. Don't need them as I don't get caught up in fashion trends. A few pairs of pants and shirts suit me just fine.

I don't buy expensive watches because the timex I have had from 10 years ago that cost $25.00 and my buddies $20,000 yachtmaster serve the same purpose, they tell the time. If I lose it, I don't care, he lost his water skiing a few weeks ago. You think he is pissed and stressed?

My car is paid free and clear because I saved money and drove "less desirable" cars until I could ACTUALLY AFFORD the one I have. Stellar concept.

I have no consumer debt and I bought furniture along time ago as I could AFFORD IT and purchased most of it at Jerome's because a couch there vs. one at some fancy place serve the same purpose, me sitting on it. If my freinds don't like the style, they can by me a fancy one, or they can find someone else to be friends with, I am not going to get sucked into the debt vortex.

Don't need fancy TV's and anything else….I am content.

I don't need a NEW KITCHEN or a NEW CAR or any other material thing and have been saving since I was 15 and living a SIMPLE NON-MATERIALISTIC lifestyle.

This is why I say a reset of values is needed, because we are spoiled materialistic crybabies in this country who value the wrong things.

Young people should take 5 people to lunch within the next week who lived during the "Great Depression" and see how good we have it…and then visit a third world country for a month…..no clue…..

Sincerely,

Contraman

 

 

 

 

 

[contraman]

No. I do not think they should raise the threshold because the market needs to correct itself to where it should have been before the very “loose” lending programs entered the market in 2001 and 2002. It is not a Fannie Mae issue. It is an asset bubble issue. The market is out of whack and the psychology is slowly shifting to one of fear and panic.

Can’t wait until 2009 / 2010.

Sincerely, Contraman

[contraman]

No. I do not think they should raise the threshold because the market needs to correct itself to where it should have been before the very “loose” lending programs entered the market in 2001 and 2002. It is not a Fannie Mae issue. It is an asset bubble issue. The market is out of whack and the psychology is slowly shifting to one of fear and panic.

Can’t wait until 2009 / 2010.

Sincerely, Contraman

[Author]

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