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PerryChase
ParticipantWow indeed! 4plexowner, see you Downtown in a couple of years.
I’ve been telling my auntie to wait for a nice retirement condo Downtown, preferably right above a grocery store. In the mean time, enjoy the ride, sit back, relax and travel.
When the time comes, let’s play Downtown!
ParticipantWow indeed! 4plexowner, see you Downtown in a couple of years.
I’ve been telling my auntie to wait for a nice retirement condo Downtown, preferably right above a grocery store. In the mean time, enjoy the ride, sit back, relax and travel.
When the time comes, let’s play Downtown!
ParticipantChristians are generally not anymore gullible or scammers than anyone else.
BUT the topic is relevant here because the core clients are using Christianity in their own defense.
Here’s a quote from their website:
“Coreclients Against Fraud are victims of an alleged Massive Real Estate/Mortgage/Currency Ponsi scheme spanning several states perpetrated by several people who claim to be ‘investment advisors’ and ‘real estate investors.’ They targeted active-duty/retired military, the church community, the retired and elderly, and the Filipino Community. They claimed that we would see financial independence in 3 years if we gave them control of our finances and trusted them (they claimed to be Christians).”In essence the core clients are saying that they trusted the scammers BECAUSE investors and scammers are Christians.
Rather than focusing on the scam itself, they use the fact that they are “active-duty/retired military, the church community, the retired and elderly, and the Filipino Community” to elicit sympathy.
It seems to me that the core client are admitting that they are “gullible” and that’s why they were easily duped because of religion. Would the core client have turned over their finances to the scammers if they were Muslim? I think not.
It’s not us, the libs, who are playing the religion card.
ParticipantChristians are generally not anymore gullible or scammers than anyone else.
BUT the topic is relevant here because the core clients are using Christianity in their own defense.
Here’s a quote from their website:
“Coreclients Against Fraud are victims of an alleged Massive Real Estate/Mortgage/Currency Ponsi scheme spanning several states perpetrated by several people who claim to be ‘investment advisors’ and ‘real estate investors.’ They targeted active-duty/retired military, the church community, the retired and elderly, and the Filipino Community. They claimed that we would see financial independence in 3 years if we gave them control of our finances and trusted them (they claimed to be Christians).”In essence the core clients are saying that they trusted the scammers BECAUSE investors and scammers are Christians.
Rather than focusing on the scam itself, they use the fact that they are “active-duty/retired military, the church community, the retired and elderly, and the Filipino Community” to elicit sympathy.
It seems to me that the core client are admitting that they are “gullible” and that’s why they were easily duped because of religion. Would the core client have turned over their finances to the scammers if they were Muslim? I think not.
It’s not us, the libs, who are playing the religion card.
ParticipantI’ve reviewed financial statements of enough small companies to know that they are generally cycle dependent. Banks usually don’t lend to small companies without personal guarantees.
In the 1990s, the foreclosures in the “superior” areas were in large part due to small business failures. The S&Ls were going under and cutting off credit.
It’s going to be different, but the same, this time around.
ParticipantI’ve reviewed financial statements of enough small companies to know that they are generally cycle dependent. Banks usually don’t lend to small companies without personal guarantees.
In the 1990s, the foreclosures in the “superior” areas were in large part due to small business failures. The S&Ls were going under and cutting off credit.
It’s going to be different, but the same, this time around.
ParticipantThe investors were complicit. Granted they didn’t know everything but they told the investment leaders to proceed. For example, they knew they couldn’t buy all those houses on their incomes but the leader told them that he could get them loans. How did he get they mortgages? By forging documents and inflating the borrowers incomes. Once the loans were approved the borrowers signed the loan docs.
If the con-man sold the houses without the investors’ knowledge and forged signatures, then there’s nothing to worry about. The courts will return the houses to the rightful owner.
Sure, loan qualification documents were forged. The question is who signed the mortgage notes and the grant deeds?
ParticipantThe investors were complicit. Granted they didn’t know everything but they told the investment leaders to proceed. For example, they knew they couldn’t buy all those houses on their incomes but the leader told them that he could get them loans. How did he get they mortgages? By forging documents and inflating the borrowers incomes. Once the loans were approved the borrowers signed the loan docs.
If the con-man sold the houses without the investors’ knowledge and forged signatures, then there’s nothing to worry about. The courts will return the houses to the rightful owner.
Sure, loan qualification documents were forged. The question is who signed the mortgage notes and the grant deeds?
ParticipantSD Realtor, this is interesting indeed because it show that this homeowner was a business man of above average means. He fell on hard times but still has access to lawyers.
I think we’ll see a lot of small businesses failing and foreclosures in the “superior” areas. San Diego has plenty of businesses up to 50 employees and those businesses will be in precarious positions when the easy money runs out. Don’t be surprised when they go bankrupt. You heard it here first.
ParticipantSD Realtor, this is interesting indeed because it show that this homeowner was a business man of above average means. He fell on hard times but still has access to lawyers.
I think we’ll see a lot of small businesses failing and foreclosures in the “superior” areas. San Diego has plenty of businesses up to 50 employees and those businesses will be in precarious positions when the easy money runs out. Don’t be surprised when they go bankrupt. You heard it here first.
Participantdoublewide, I agree with you — been there, done that.
I still own a mcmansion and I’m disgusted with that lifestyle everyday. The reason I still own the house is that I was lucky to have bought it years ago and the carrying costs are comparatively low. I’m looking to getting something more livable when the time is right.
Your kid is lucky that you love traveling. I lived and traveled in many countries as a kid with my parents and those years were the best of my life. I wouldn’t want to trade my own childhood for the “stability” of a mc mansion in the suburbs.
Participantdoublewide, I agree with you — been there, done that.
I still own a mcmansion and I’m disgusted with that lifestyle everyday. The reason I still own the house is that I was lucky to have bought it years ago and the carrying costs are comparatively low. I’m looking to getting something more livable when the time is right.
Your kid is lucky that you love traveling. I lived and traveled in many countries as a kid with my parents and those years were the best of my life. I wouldn’t want to trade my own childhood for the “stability” of a mc mansion in the suburbs.
Participantjg, you’re such a parvenu/arriviste.
Participantjg, you’re such a parvenu/arriviste.
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