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Topic: How bad are things?
madisonman's photo
Sat 02/02/08 05:00 PM
Ok I live about 4o miles east of Cleveland but I work there. the big story in clevleand are home forclosures and as soon as a home is forclosed apon and the people evicted the scavengers move in almost immedeiatly and begin stripping copper wire from the walls and tearing off aluminum gutters, I have even heard of entire furnaces being stolen from the homes. here in my small town things arent near as bad but to sell a home it takes over a year and several homes on my street have been for sale for over 2 years and are vacant. these are big homes on lots of over an acer of land. anyone have any clues as to why people are not outraged at the current mess?

no photo
Sat 02/02/08 05:06 PM
They are too busy worrying about the writers strike & Britney Spears.

dazzling_dave's photo
Sat 02/02/08 05:10 PM
Outraged over what? The person was stupid enough to buy a home that they couldn't afford in the first place. If they got ripped off with a sub-prime loan, who's fault is that? No one forced them to buy the house or to sign a loan agreement that they shouldn't have. Wouldn't it be nice if people would actually start living within their means.

Chazster's photo
Sat 02/02/08 05:15 PM
Edited by Chazster on Sat 02/02/08 05:15 PM
I agree. Am I outraged at the Housing market? No. Its not like its just their home isn't worth much. It would also mean that people could buy a home for cheaper as well. If houses are cheap people complain for the sellers, if houses are expensive people complain for the buyers. How about we stop complaining. I will drink to that.drinker

no photo
Sat 02/02/08 05:15 PM
well I think dazzling dave's response pretty much answers the question dont you mad-man?

smokin

madisonman's photo
Sat 02/02/08 05:21 PM
Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

Mac60's photo
Sat 02/02/08 05:23 PM

Outraged over what? The person was stupid enough to buy a home that they couldn't afford in the first place. If they got ripped off with a sub-prime loan, who's fault is that? No one forced them to buy the house or to sign a loan agreement that they shouldn't have. Wouldn't it be nice if people would actually start living within their means.


I agree, dazzling_dave, about the buyers. But this hasn't worked out too good for the lenders either, has it?

dazzling_dave's photo
Sat 02/02/08 05:25 PM
When the people of this country start refusing to be victims anymore, and start taking personal responsibility for their lives, then perhaps we can turn this country around.

madisonman's photo
Sat 02/02/08 05:26 PM

They are too busy worrying about the writers strike & Britney Spears.
or there own failing stock portfolios

Chazster's photo
Sat 02/02/08 05:28 PM

Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

You said a lot of the houses are large. If you have a large house and are working a job that can be outsourced to slave labor, then I think its safe to say you were living outside your means.

dazzling_dave's photo
Sat 02/02/08 05:28 PM
Actually MAC, the lenders got exactly what they deserved for trying to rip off the buyers in the first place. What do you think the term "creative financing" actually means? It usually means getting approved for a loan that you couldn't afford in the first place. Another thing that happened was people decided they could buy these homes and then resell them at a profit. Only problem is, everyone had the same idea at the same time and the market got flooded.

Moondark's photo
Sat 02/02/08 05:31 PM

Outraged over what? The person was stupid enough to buy a home that they couldn't afford in the first place. If they got ripped off with a sub-prime loan, who's fault is that? No one forced them to buy the house or to sign a loan agreement that they shouldn't have. Wouldn't it be nice if people would actually start living within their means.


Sometimes the problem isn't the loan itself. Mine is a fixed interest rate and not bad at all. But all the things that go into the escrow keep going up. Now I'm paying 200$ more a month than when I got the place 6 years ago. Every year it went up. Started out paying less than apartment. Now I'm paying more. I'm seriously considering going back to apartment living.

madisonman's photo
Sat 02/02/08 05:31 PM
Edited by madisonman on Sat 02/02/08 05:36 PM


Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

You said a lot of the houses are large. If you have a large house and are working a job that can be outsourced to slave labor, then I think its safe to say you were living outside your means.well isnt that the american way?
isnt that the american way? work hard play by the rules and everything will work out? forgive me for those old fashioned values, i forgot this is the age of diminished dreams


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Chazster's photo
Sat 02/02/08 05:41 PM
Edited by Chazster on Sat 02/02/08 05:41 PM



Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

You said a lot of the houses are large. If you have a large house and are working a job that can be outsourced to slave labor, then I think its safe to say you were living outside your means.well isnt that the american way?


isnt that the american way? work hard play by the rules and everything will work out? forgive me for those old fashioned values, i forgot this is the age of diminished dreams

No I don't think living outside your means is the american dream. Its the ability to better your situation by your own hand. To tell the truth its not working hard anymore but working smart. If you can do the same job as someone else with less work, resources, and time then you will move up in the world.

madisonman's photo
Sat 02/02/08 05:45 PM




Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

You said a lot of the houses are large. If you have a large house and are working a job that can be outsourced to slave labor, then I think its safe to say you were living outside your means.well isnt that the american way?


isnt that the american way? work hard play by the rules and everything will work out? forgive me for those old fashioned values, i forgot this is the age of diminished dreams

No I don't think living outside your means is the american dream. Its the ability to better your situation by your own hand. To tell the truth its not working hard anymore but working smart. If you can do the same job as someone else with less work, resources, and time then you will move up in the world.
that is the standerd cliche. I dont think your old enough to remember single income families that actualy made ends meet and things improved over time. Mothers home with there children who didnt roam the streets or the internet. things have grown just awful over my lifetime and i am a lucky one but I SEE what is going on around me. I have held the same job for 15 years and have excellent pay and benefits. but I know people good people. who have had there lives utterly swept from under them in these times. No job is safe in this coujntry or imune to outsourcing, it is the economic leverage the rich are useing to get you to work for less and less

dazzling_dave's photo
Sat 02/02/08 05:50 PM
Since when is it the government's job to fix every little problem in your life? The government doesn't solve problems, it only creates them.

madisonman's photo
Sat 02/02/08 05:57 PM

Since when is it the government's job to fix every little problem in your life? The government doesn't solve problems, it only creates them.
well the government has no trouble at all trying to fix every little problem in other countries with my tax dollars, namely the war in Iraq and the dicatator Sadam Hussain. the government is created to set laws and trade agreements that benefit america not hurt it.

Chazster's photo
Sat 02/02/08 05:58 PM





Yes it does. its a sign of the times I think. blame the victim. who can say what caused a home to forclose, it could be as you said liveing beyond your means or it could be that gas prices trippling in less than ten years pushed a family over the edge or a job being outsoruced to slave labor countries or a combination of these things. but one thing is certain its a perfect economic storm that has conspired to lay so many families low. these are hard times for sure

You said a lot of the houses are large. If you have a large house and are working a job that can be outsourced to slave labor, then I think its safe to say you were living outside your means.well isnt that the american way?


isnt that the american way? work hard play by the rules and everything will work out? forgive me for those old fashioned values, i forgot this is the age of diminished dreams

No I don't think living outside your means is the american dream. Its the ability to better your situation by your own hand. To tell the truth its not working hard anymore but working smart. If you can do the same job as someone else with less work, resources, and time then you will move up in the world.
that is the standerd cliche. I dont think your old enough to remember single income families that actualy made ends meet and things improved over time. Mothers home with there children who didnt roam the streets or the internet. things have grown just awful over my lifetime and i am a lucky one but I SEE what is going on around me. I have held the same job for 15 years and have excellent pay and benefits. but I know people good people. who have had there lives utterly swept from under them in these times. No job is safe in this coujntry or imune to outsourcing, it is the economic leverage the rich are useing to get you to work for less and less

Sorry I am not old enough. I guess since I grew up in a single income family with 2 kids and we didn't roam the streets.. oh but we got the internet when I was in High School so that just changes the situation soo much. My dad also had to pay medical bills for my mother and I. (I have Ulcerative Colitis and my mother has had a lot of different problems ever since I was born and couldn't work)

madisonman's photo
Sat 02/02/08 06:00 PM
so what type of home did you live in? and what type of home do you own now?

markecephus's photo
Sat 02/02/08 06:01 PM

I have deleted several posts from this thread, Please remember folks, no attacking others for their opinions. This is a debate, not a boxing match.

Thanks all,

Mark

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