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patientrenter
ParticipantWhat a joke. Someone can’t make the loan payment and then you call it paid by lending them the money to pay it? It’s no wonder the new loans are only worth 1.7 cents on the dollar. But I am sure that will be magically revalued upward if this gets much bad public attention. The source for the other 98.3 cents? If you pay taxes, that would be you. Many thanks for yet another highly effective wealth transfer scheme go to Barney Frank, Chris Dodd, Tim, Larry etc., all busy “saving our economy”.
ParticipantWhat a joke. Someone can’t make the loan payment and then you call it paid by lending them the money to pay it? It’s no wonder the new loans are only worth 1.7 cents on the dollar. But I am sure that will be magically revalued upward if this gets much bad public attention. The source for the other 98.3 cents? If you pay taxes, that would be you. Many thanks for yet another highly effective wealth transfer scheme go to Barney Frank, Chris Dodd, Tim, Larry etc., all busy “saving our economy”.
ParticipantWhat a joke. Someone can’t make the loan payment and then you call it paid by lending them the money to pay it? It’s no wonder the new loans are only worth 1.7 cents on the dollar. But I am sure that will be magically revalued upward if this gets much bad public attention. The source for the other 98.3 cents? If you pay taxes, that would be you. Many thanks for yet another highly effective wealth transfer scheme go to Barney Frank, Chris Dodd, Tim, Larry etc., all busy “saving our economy”.
ParticipantI was raised to never do something like that, scaredycat, but the total unfairness of the massive bailouts has made a dent in my moral compass. Now if I saw a chance to pocket a few hundred thousand (in value) by drinking from the same trough, I would. I pay hundreds of thousands in taxes every year, so I am going to be paying for all the feeding anyway.
Just make sure to put little or no money down. If home prices crater, you won’t want to have to absorb any of the loss, and it’ll make getting the loan mod easier. And if prices go up, you can refi if you want.
ParticipantI was raised to never do something like that, scaredycat, but the total unfairness of the massive bailouts has made a dent in my moral compass. Now if I saw a chance to pocket a few hundred thousand (in value) by drinking from the same trough, I would. I pay hundreds of thousands in taxes every year, so I am going to be paying for all the feeding anyway.
Just make sure to put little or no money down. If home prices crater, you won’t want to have to absorb any of the loss, and it’ll make getting the loan mod easier. And if prices go up, you can refi if you want.
ParticipantI was raised to never do something like that, scaredycat, but the total unfairness of the massive bailouts has made a dent in my moral compass. Now if I saw a chance to pocket a few hundred thousand (in value) by drinking from the same trough, I would. I pay hundreds of thousands in taxes every year, so I am going to be paying for all the feeding anyway.
Just make sure to put little or no money down. If home prices crater, you won’t want to have to absorb any of the loss, and it’ll make getting the loan mod easier. And if prices go up, you can refi if you want.
ParticipantI was raised to never do something like that, scaredycat, but the total unfairness of the massive bailouts has made a dent in my moral compass. Now if I saw a chance to pocket a few hundred thousand (in value) by drinking from the same trough, I would. I pay hundreds of thousands in taxes every year, so I am going to be paying for all the feeding anyway.
Just make sure to put little or no money down. If home prices crater, you won’t want to have to absorb any of the loss, and it’ll make getting the loan mod easier. And if prices go up, you can refi if you want.
ParticipantI was raised to never do something like that, scaredycat, but the total unfairness of the massive bailouts has made a dent in my moral compass. Now if I saw a chance to pocket a few hundred thousand (in value) by drinking from the same trough, I would. I pay hundreds of thousands in taxes every year, so I am going to be paying for all the feeding anyway.
Just make sure to put little or no money down. If home prices crater, you won’t want to have to absorb any of the loss, and it’ll make getting the loan mod easier. And if prices go up, you can refi if you want.
Participant[quote=jpinpb]CAR – It all makes sense in a way, if there is a great devised plan. And by the time everything comes around, mixing inflation in the picture, a median home will be over 500k again. GAAA!![/quote]
Oh, that’s good, jpnpb! That was the missing piece. In 5-10 years time, we’ll see if this all happened as laid out here.
Participant[quote=jpinpb]CAR – It all makes sense in a way, if there is a great devised plan. And by the time everything comes around, mixing inflation in the picture, a median home will be over 500k again. GAAA!![/quote]
Oh, that’s good, jpnpb! That was the missing piece. In 5-10 years time, we’ll see if this all happened as laid out here.
Participant[quote=jpinpb]CAR – It all makes sense in a way, if there is a great devised plan. And by the time everything comes around, mixing inflation in the picture, a median home will be over 500k again. GAAA!![/quote]
Oh, that’s good, jpnpb! That was the missing piece. In 5-10 years time, we’ll see if this all happened as laid out here.
Participant[quote=jpinpb]CAR – It all makes sense in a way, if there is a great devised plan. And by the time everything comes around, mixing inflation in the picture, a median home will be over 500k again. GAAA!![/quote]
Oh, that’s good, jpnpb! That was the missing piece. In 5-10 years time, we’ll see if this all happened as laid out here.
Participant[quote=jpinpb]CAR – It all makes sense in a way, if there is a great devised plan. And by the time everything comes around, mixing inflation in the picture, a median home will be over 500k again. GAAA!![/quote]
Oh, that’s good, jpnpb! That was the missing piece. In 5-10 years time, we’ll see if this all happened as laid out here.
Participant[quote=tc]Wait.[/quote]
+1… and LoL!
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