Forum Replies Created
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AuthorPosts
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HLS
ParticipantTK,,
You need to brush up on your economic history. Take a look at the Panics of 1837, 1857,1861,1873,1884 1893,1901,1907,1913,1921,1929 and govt intervention.Govt is more concerned about being popular than telling the truth.
If their action doesn’t cause a crisis, then their INaction does, which is what just happened with the housing bubble.
Idiots in govt that pretend to be outraged today are the same fools that stood by and spread the happy talk taking credit for a booming economy, which was nothing more than inflating a bubble.
Govt intervention AFTER the crisis is always the problem, not the solution. It’s a farce.
Govt isn’t the solution, they are often the problem.
Hurricane Katrina, airline security, Wall Street fraud, Housing bubble, job losses etc were all obvious/predictable issues that were left alone until AFTER they became a HUGE problem.
Then the same idiots pretend like they are concerned and are going to prevent it from happening again. It’s too late.
Simple fix to the economy today
1) Abolish credit cards
2) Require 50% down to get a mortgage.People will whine, cry, complain and squeal like pigs until they grow up and accept reality and they they can no longer buy whatever they want, whenever they want.
People will be forced to live within their means.
Business cycles are normal without intervention..
they become distorted with intervention.The illusion of prosperity and wealth is something that very few people want to give up. The govt isn’t helping, and the wrong people are getting blamed for the root cause of the crisis.
HLS
ParticipantHi Rice, thanks Scarlett..
I have been busy lately, haven’t had time to check this site in a few days..
It’s often easiest to reach me nights and weekends, but try anytime.
I respond to emails as quickly as I can.http://www.HomeLoanSheldon.com
Rates at the moment are well off their lows.
4.50% 30 YR fixed are still available, but the cost has gone up.I am feeling sorry for many who wanted to wait to save another.125 and now see rates .50-.75 higher.
The rates above $417,000 are approaching 6% now.
Qualifying and meeting guidelines are the key.
HLS
ParticipantHi Rice, thanks Scarlett..
I have been busy lately, haven’t had time to check this site in a few days..
It’s often easiest to reach me nights and weekends, but try anytime.
I respond to emails as quickly as I can.http://www.HomeLoanSheldon.com
Rates at the moment are well off their lows.
4.50% 30 YR fixed are still available, but the cost has gone up.I am feeling sorry for many who wanted to wait to save another.125 and now see rates .50-.75 higher.
The rates above $417,000 are approaching 6% now.
Qualifying and meeting guidelines are the key.
HLS
ParticipantHi Rice, thanks Scarlett..
I have been busy lately, haven’t had time to check this site in a few days..
It’s often easiest to reach me nights and weekends, but try anytime.
I respond to emails as quickly as I can.http://www.HomeLoanSheldon.com
Rates at the moment are well off their lows.
4.50% 30 YR fixed are still available, but the cost has gone up.I am feeling sorry for many who wanted to wait to save another.125 and now see rates .50-.75 higher.
The rates above $417,000 are approaching 6% now.
Qualifying and meeting guidelines are the key.
HLS
ParticipantHi Rice, thanks Scarlett..
I have been busy lately, haven’t had time to check this site in a few days..
It’s often easiest to reach me nights and weekends, but try anytime.
I respond to emails as quickly as I can.http://www.HomeLoanSheldon.com
Rates at the moment are well off their lows.
4.50% 30 YR fixed are still available, but the cost has gone up.I am feeling sorry for many who wanted to wait to save another.125 and now see rates .50-.75 higher.
The rates above $417,000 are approaching 6% now.
Qualifying and meeting guidelines are the key.
HLS
ParticipantHi Rice, thanks Scarlett..
I have been busy lately, haven’t had time to check this site in a few days..
It’s often easiest to reach me nights and weekends, but try anytime.
I respond to emails as quickly as I can.http://www.HomeLoanSheldon.com
Rates at the moment are well off their lows.
4.50% 30 YR fixed are still available, but the cost has gone up.I am feeling sorry for many who wanted to wait to save another.125 and now see rates .50-.75 higher.
The rates above $417,000 are approaching 6% now.
Qualifying and meeting guidelines are the key.
HLS
ParticipantBanks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.The bank doesn’t have the authority to modify something that they don’t own.
Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.
One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.
History is repeating itself right before our eyes but millions of people refuse to see it.
There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.
Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…HLS
ParticipantBanks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.The bank doesn’t have the authority to modify something that they don’t own.
Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.
One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.
History is repeating itself right before our eyes but millions of people refuse to see it.
There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.
Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…HLS
ParticipantBanks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.The bank doesn’t have the authority to modify something that they don’t own.
Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.
One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.
History is repeating itself right before our eyes but millions of people refuse to see it.
There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.
Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…HLS
ParticipantBanks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.The bank doesn’t have the authority to modify something that they don’t own.
Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.
One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.
History is repeating itself right before our eyes but millions of people refuse to see it.
There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.
Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…HLS
ParticipantBanks are just mortgage brokers that have most people fooled.
Banks dont make money lending their money out for 30 years at low interest rates. Banks don’t lose money by originating loans.Banks aren’t stupid, but many people who deal with them are, and that’s how the banks like it.
Pay high fees, overdraft charges, bounced check fees, ATM fees, and loan money out for much more than it costs them.Loan originations and loan servicing are like apples and peanuts.
Just because a payment is sent to the LOAN SERVICING department of a bank does not mean that the bank owns the loan.The bank doesn’t have the authority to modify something that they don’t own.
Profits are higher in the early years of a loan because principal balances are higher in the early years of a loan.
One of the big reasons that there was a depression in the 1930’s was because the government stuck their nose in at the wrong time with the illusion that they knew how to fix the problem, instead of allowing it to fix itself.
This did nothing more than prolong the downturn to about 12 years.The public was clueless, living beyond their means with a sense of entitlement and unwilling to face reality; desperately wanting to believe that the clueless govt was going to save them.
History is repeating itself right before our eyes but millions of people refuse to see it.
There appears to be no shortage of money available for people who qualify for a loan. People don’t understand what it means to qualify.
Allowing something bad to happen and then pretend like they know how to fix it is a pathetic cycle that repeats itself over and over again.
The wrong people are blamed for what happened and most people want to think that things can go back to the way they were because it was easier for them…HLS
ParticipantHOLY CRAP,, what a great idea!
While they are at it, they can go to AA meetings and pass out 2 for 1 coupons for alcohol,
Go to drug rehab houses and pass out free drugs, and go to Weight Watcher & Jenny Craig meetings and give out discount coupons for Fried Chicken, Ice Cream, Pizza and Pies and stand at the door of casinos handing out gift cards to cover their losses..
May as well give beer & wine to homeless people too, so they can drown their sorrows.This $#!(*^&% government is DELUSIONAL about believing that they can fix this problem by spending money that doesn’t exist.
Give people whatever they want because it’s good for the economy ????
The answer is changing foreclosure law to 60 days instead of 6 months +. GET PEOPLE OUT that cannot afford whatever they agreed to.
The house wont get burnt down, and it wont sit empty very long if they grow up and are willing to sell it for “what it’s worth”..
Someone who can actually afford it will buy it, instead of saving a gambler who made a bad bet..
This is worse than any episode of the TWILIGHT ZONE, and is scarier than any horror movie I have ever seen…..HLS
HLS
ParticipantHOLY CRAP,, what a great idea!
While they are at it, they can go to AA meetings and pass out 2 for 1 coupons for alcohol,
Go to drug rehab houses and pass out free drugs, and go to Weight Watcher & Jenny Craig meetings and give out discount coupons for Fried Chicken, Ice Cream, Pizza and Pies and stand at the door of casinos handing out gift cards to cover their losses..
May as well give beer & wine to homeless people too, so they can drown their sorrows.This $#!(*^&% government is DELUSIONAL about believing that they can fix this problem by spending money that doesn’t exist.
Give people whatever they want because it’s good for the economy ????
The answer is changing foreclosure law to 60 days instead of 6 months +. GET PEOPLE OUT that cannot afford whatever they agreed to.
The house wont get burnt down, and it wont sit empty very long if they grow up and are willing to sell it for “what it’s worth”..
Someone who can actually afford it will buy it, instead of saving a gambler who made a bad bet..
This is worse than any episode of the TWILIGHT ZONE, and is scarier than any horror movie I have ever seen…..HLS
HLS
ParticipantHOLY CRAP,, what a great idea!
While they are at it, they can go to AA meetings and pass out 2 for 1 coupons for alcohol,
Go to drug rehab houses and pass out free drugs, and go to Weight Watcher & Jenny Craig meetings and give out discount coupons for Fried Chicken, Ice Cream, Pizza and Pies and stand at the door of casinos handing out gift cards to cover their losses..
May as well give beer & wine to homeless people too, so they can drown their sorrows.This $#!(*^&% government is DELUSIONAL about believing that they can fix this problem by spending money that doesn’t exist.
Give people whatever they want because it’s good for the economy ????
The answer is changing foreclosure law to 60 days instead of 6 months +. GET PEOPLE OUT that cannot afford whatever they agreed to.
The house wont get burnt down, and it wont sit empty very long if they grow up and are willing to sell it for “what it’s worth”..
Someone who can actually afford it will buy it, instead of saving a gambler who made a bad bet..
This is worse than any episode of the TWILIGHT ZONE, and is scarier than any horror movie I have ever seen…..HLS
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