Unfortunately a lot of financially naive people are getting nailed out there during the housing crash. Here's one of 'em.
Seems like a really nice lady who had no business speculating in real estate and has lost thousands. Hundreds of thousands. Like $700,000. And is now blogging about it on her "overcoming real estate losses" blog. I feel for people like her, but at the same time it was people like this (along with the corrupt REIC on commission who enabled her) who inflated the housing bubble and ruined America.
Be nice HP'ers, and take this blog for a spin. Lots of good tidbits. Here's highlights from her first post from a few months ago. Amazing. And you wonder why the banks are failing. Ponzi Scheme HP'ers. One big Ponzi Scheme.
You Lost How Much??? - The time has come!!
Real estate investors who have lost money need support. I'm hoping that this will be the place to get it. Or, at the very least, whine about your experience and feel better.
My husband and I entered the real estate investment market at the end of 1999 (we are not agents or in any other related fields), when we were 33 years old. At the suggestion of my brother (who didn't enter the market until much later), we used the exploding equity in our house and started buying single family homes in Riverside County of Southern California. We lived in San Diego at the time and couldn't make the numbers work there, so we traveled 45 minutes north up the 15 and landed in Temecula, just over the county line (with houses priced 1/2 of the going rate in San Diego). We didn't know it, but Temecula was on the cusp of booming--and so was our portfolio.
In 2005, we had millions in assets. By then I was having our sixth baby and couldn't manage the houses myself. Our equity had now doubled, but we had a negative cash flow each month.
I'll give all the details in later posts, but the bottom line is that two years later (right about now) we have realized a loss of about $600,000 to $800,000.
December 17, 2007
Here's a little blog written by a lady who lost $700,000 speculating during the housing bubble
Subscribe to:
Post Comments (Atom)
89 comments:
.
.
.
.
.
.
6th baby!!!!!!!
Screw that.
You folks remember asshats like this when food is no longer on the shelves.
Useless eaters abound!
We are so fucked.
Is she Casey Serin's mom?
...and I give a sh*t how?
Just goes to show that it will always come down to rental yields - the P/E of housing
When you have negative income on real estate investment, you have a crash just waiting to happen
Meanwhile, I'd like to know how the f*ck people like this were able to borrow so much money in the first place.
Stupid banks + stupid people = one hell of a crash
This is that bitch who shafted a couple over a fridge - she deserves everything she gets.
http://tinyurl.com/2a42z9
The fridge wasn't included in the contract, but she could have bargained with the couple from the start, and still sold it for market price, instead of just declaring that it was hers.
She also writes that "doom and gloom" blogs such as this one are "eventually right". It's a variation of "a stopped clock is right twice a day", which Cavuto used against Schiff on FOX NEWS. Schiff responded: "I've been right a lot more than twice".
Typical specuvestor.
Idiocracy rules!
When you have negative income on real estate investment, you have a crash just waiting to happen<<<
with taxes, insurance , and maintenance so high, how can it be anything but a negative cash flow? but a negative cash flow is what some people want, at least on paper. of course the irs doesn't like it. but she was living off of these cash flows. and there is the problem. rental income is always iffy at best. you can't live off of it. you have to have a job and do that on the side. if the renting business is your full time job, then yes, it had better be profitable or else what are you doing it for? rent houses, imho, have long ago become more trouble than they are worth. the days of renting and making good money from it are over.
Roccman:
Actually if you knew anything about sustainable birthrates you'd know that without people having more than 2.2 children, we'd end up like Europe getting outright invaded by immigrants with no intention of assimilation.
oh wait, we are. I think you're the asshat in this argument.
"You folks remember asshats like this when food is no longer on the shelves."
Ever seen the movie "Idiocracy"?
The only people reproducing are trailer trash, inter-generational welfare dependents and assorted 3rd world dross.
The world lost 2 generations of the cream of mankind in 2 world wars, now the brightest and fittest amongst us feel their career/lifestyle is too important to bother with kids.
If history has taught us nothing else, it's that once resources get tight, wars start. Call it what you will, but nature has a way of culling excess population be it through war, famine or disease.
We're in a situation now that our enemies are out breeding us on a massive scale, and our technological advantage in weaponry is decreasing day by day.
Talk about Dumbasses!!!
"Roccman:
Actually if you knew anything about sustainable birthrates you'd know that without people having more than 2.2 children, we'd end up like Europe getting outright invaded by immigrants with no intention of assimilation.
oh wait, we are. I think you're the asshat in this argument."
Let me guess ...you are mormon.
Enjoy the dieoff fool.
6th baby!!!!!!!
Screw that.
You folks remember asshats like this when food is no longer on the shelves.
Useless eaters abound!
We are so fucked.
December 17, 2007 1:36 PM
Thomas Malthus is that you? What a terrible outlook regarding humans.
Before there was Hitler there was Malthus, Bertrand Russell and Prince Phillip. In fact Hitler cribbed all his ideas on popultion control from British aristocracy. Furthermore Hitler was birthed by the Brutish Empire.
Hooray, ANOTHER thread that ends in 'enjoy the dieoff'.
When was the last dieoff again? Lets graph the dieoff's and see when we can realistically expect them, what are they coming every 10 years?
I did not read a whole lot on the site. Just enough to get the flavor. Typical drunk on RE dreck. They had a glance at Nirvana, took the chances and are now paying the price but can't bring themselves to face reality. RE will "always come back". It's just so easy. Buy RE, at any cost, and then.......just keep buying it. You dopes out there, who don't buy RE, suffer from "analysis paralysis". Trailor trash has a way of discounting any sort of education or analysis. But, I suppose that the school of hard knocks will teach them something. By the way, anyone that I know that says that they have been "through the school of hard knocks" ususally pronounces it like "tru da skule a had nocks". It tells you something.
Mess with the bull, you'll get the horns...
Guess what? 6 > 2.2
I live in the area this Carol brat lives in, I am happy she lost her fat a**. These people thought/think they were mini gods complete with a treasury and a small kingdom. They were nothing but glorified blue collar a**holes like 70% of Riverside and SD countries are. My xmas wish is that the Feds reopen debtors prison and as the sheriff drags this mouthy b*itch away begging for her freedom they simply say "No Can Do".
I know this sound cruel - until you meet one of these petty bourgeois.
-CalisGone
Estulin: Elitists Consider Assassinating Ron Paul
http://www.prisonplanet.com/articles/december2007/121407_assassinating_paul.htm
meeeeeh.... its just a loss of equity value. It wasn't real money. Like Casey serin's 2.2 million "portfolio" ...she bought with 0 down and pays 0 towards the caplital. 2 years into the boom her equity is 2 million (remember, this is paper $$) ... now she's lost 800K (also a optimistic paper estimate).
Cool.
Cow_tipping.
RE: The poor, unfortunate woman who played real estate roulette and lost bigtime...
BOO FUçKING HOO HOO!!!
V.L.
"...we'd end up like Europe getting outright invaded by immigrants with no intention of assimilation."
-----------------
Um...isn't this already happening here in the US?
Sorry to hear (not really, lol) about Juanita and her husband Jorges' troubles here....
They should place a collect call to El Presidente Senior Jorge Bushco c/o White House. The decider-in-chief likes these stories. Maybe he will help them out? He is stupid too, so they have something in common Right Away...
Maybe a bailout plan for overbreeding low-life scumbag imbeciles? To qualify, they can only keep 2 of the 6. The other 4 have to be killed. Make a choice, greedy douchebag bitch...
They didn't lose $700000 of their own money it was the banks money they lost
I really love it when people talk about having a baby like one would talk about being hit by a bus or coming down with the bird flu. Hi, contraception? Kids are expensive, but after #s 1-5 they ought to have figured that out.
No, they wanted it all. Lots of kids, lots of houses, lots of money. Boo hoo. Only people I feel sorry for is the kids most of whom probably shouldn't have been created, if for no other reason than that they will now have to live with their parents' idiotic debts.
Why couldn't I have made a pile in the tech bubble or something? I would have spent (and saved) my money a lot more wisely, I think. I guess that's what everyone says. But, I was raised lower class, so I don't need to have tons of shiny expensive things (and tons of offspring) to be "happy".
In 1988, Britain's Prince Philip expressed the wish that, should he be reincarnated, he would want to be a deadly virus that would reduce world population.
We're in a situation now that our enemies are out breeding us on a massive scale, and our technological advantage in weaponry is decreasing day by day.
Talk about Dumbasses!!!
Darwinism has been supplanted by the welfare state. We are subsidizing the dumb, lazy masses so that they can reproduce more than they can afford to feed. We are taxing the smart, able people so that they are unable to reproduce. Look at all of the billions in aid going to the Turd World so that they can continue to have more children that they can't take care of. For those of you who think we can gve them birth control, forget it. They don't want birth control. Their primordial neanderthal brains only know how to reproduce and keep their worthless genes going without regard to the destruction of the planet. Most of the births in Europe and America come from the Turd World masses. Everytime I go to the store, I see Arab families with ten children and the woman covered in drapes. Then they pull out a welfare debit card to pay for their groceries.
Clearly the point of HP posting a link to this blog is to show us where the RE crisis came from... Hopefully not to give a fuck about these stupid, greedy, dishonest bastards.
Yes, when the banks fail and this spirals out of control, you'll know how it happened.
People like this got greedy, committed mortgage fraud, didn't understand the fundamentals (just that everyone was getting rich rich rich!), and then the whole Ponzi Scheme caved in.
At the same time, I do have empathy toward some of them. Not all of 'em. But some of 'em.
Nice stupid people doing stupid and illegal things.
And now they (and their lenders) pay the price. Meanwhile, the realtors and mortgage brokers and appraisers and developers got paid.
I love how that woman just bases everything on a simplistic worldview that to become wealthy, you must take big risks. But apparently that's all there is to it. You don't need to know what you're doing or gain any real expertise (that would take way too much effort and be real boring - who has time for that?). So, my question would be, why didn't she just go to Vegas and hit the blackjack table? If all you have to do is take risks, why not just go to a casino? They give you free booze, after all. Oh wait, I almost forgot, the developers were giving away free booze like crazy, too...and cheese to go with the booze. I guess that was it all along, it was all about the cheese.
Good lord, she took the tile scraps when she sold her houses??
What the hell was she going to do with them....make a mural?
RE will "always come back". It's just so easy. Buy RE, at any cost, and then.......just keep buying it. You dopes out there, who don't buy RE, suffer from "analysis paralysis". Trailor trash has a way of discounting any sort of education or analysis. But, I suppose that the school of hard knocks will teach them something.
Just like the NASDAQ will always come back. It's only down 50% nominally from 7 1/2 years ago. Add in inflation and it's down 70%. That is what happens when dopes buy into a ponzi scheme. Someday 10,000 years from now tulips will hit their all-time high again.
you know a blog by its readers a bunch of potty-mouthed teens. you
think if you put a * in there
it makes it clean to print?
"In 2005, we had millions in assets. By then I was having our sixth baby and couldn't manage the houses myself. Our equity had now doubled, but we had a negative cash flow each month."
Honey - it was money YOU NEVER HAD!
You need to get off your back (makn' more mouthes to feed!) & take an Econ 101 class at a nearby JR. College
Atlanta's FBI field division topped Los Angeles in reporting the most bank heists, with 350 for the 12 months ending September 30, 2007, according to the FBI, which annually names areas most prone to bank robberies.
The Los Angeles area was No. 2 with 338 heists, followed by Philadelphia with 316.
I so love the HP posts they are so funny (and educational) it's daily schedenfraude-o-rama!
you know a blog by its readers a bunch of potty-mouthed teens. you
think if you put a * in there
it makes it clean to print?
December 17, 2007 4:39 PM
Go FUCK yourself.... :)
6th Baby!?!?!?
Invest in condoms rather than houses.
Neighbors of mine - husband/wife - remind me of this woman. In 2006, they purchased 9 homes in Las Vegas, Arizona and Texas. No money was put down - all were financed via option arm loans.
The wife strong armed her husband into all of these purchases. She became convinced that buying these homes as rental property would make them rich after she attended a 3 hour seminar on "making millions in real estate" They lied on all of the mortgage applications. (She is a teacher. He is a lawyer - Nice.)
None of these homes are close to cash flow or break even.
Last I checked, they still "own" all of these homes but they are in the red by thousands every month (even with tenants).
Totally boner move.
I really don't like being buried down so far on the comment food chain, but I've been so busy publishing comments on my blog that I haven't had a chance to post one here. Chuck, thanks for all the traffic, I think. I feel like the dead chicken that they use at the zoo to feed the alligators and put on a show for the visitors.
I'm not one to shy away from controversy, so I wanted to make a quick appearance today. I read HousingPANIC on most days and sometimes have something to say about the articles. I'd like to respond to all of the comments, but if you read my past posts, I wouldn't need to. Most of the misconceptions that you all have about my investments are already addressed there. Unfortunately, many of you don't seem to know what you're talking about when it comes to my situation.
Let me guess ...you are mormon.
Enjoy the dieoff fool.
------------------------------------
or catholic. Not many Catholic families around with less than 3 kids.
"Just goes to show that it will always come down to rental yields - the P/E of housing"
it will be interesting to see if REIT's can form a cartel big enough to control rent prices nationwide and then watch out below!
Regarding birth levels:
Though I have talked to this point before, it seems your readers have an interest in seeing the topic explored further.
The housing bubble occured with such timing in my life that I will not be bringing any kids into the world. I am now in my late 30s and married; I have experienced significantly reduced (adjusted for real inflation or housing inflation) wages in the I.T. industry (after the tech bubble implosion). I have decided I will not be having any children since I can no longer support a household on my engineering salary.
Luckily, my GF is okay with this; she has kids from her previous marriage that spend weekends with us sometimes. And luckily, she doesn't mind working to help support the household.
During George Bush's tenure, my life went from "the future is so bright I gotta wear shades" to the current status of basically "waiting for death". Regardless of any future retractions in the housing market, it will be too late for me and mine.
I think this is something that touches people so deeply that you should create a thread about how the housing market and the "race to the bottom" global economy has affected people's most important decision in life. Most of my friends (college educated) without kids no longer considering this a viable choice anymore.
A failure of leadership across the board.
We are going to have a collapse of equal proportion.
When I read the HP Blog, I feel like what Wily Coyote must feel like just before he hits the ground.
Why people like this didn't sell in 2005 is beyond me.
And why exactly am I supposed to feel sorry for this woman?
And this is what it comes down to. Now this lady is going to fire up the tears, scream "oh, what will happen to my children?!" and beg for the government to "save her".
And naturally, the government probably will step in. But in all honesty, what have these people "lost"? Money that was never their's to begin with. It was the banks money. Pure and simply. This lady and her family never earned this money; they simply borrowed it.
Do you want to know who I truly feel sorry for? People whose pension plans will be hit because of the loan defaults. These are the real collateral damage in this mortgage meltdown. Not unlike the employees of Enron or some of the airlines who lost their livelihood in retirement thanks to the actions of greedy ass-clowns like this lady. And I am supposed to give a damn?
I am sorry, but screw that. I am SO fed up with having to lower my quality of life to compensate for the stupidity of another. How many times will we do that? How many more moral hazzards will we cross before the great engine that is our economy finally sputters and stops?
As other posters have alluded to, how many professionals now forego the notion of families? How many intelligent individuals who have mountains of student loans basically have no option but to reduce or eliminate the number of kids they have so they can survive? And people call them "selfish" for not procreating. Is it selfish to not want to bring a child into this world if you KNOW you can't adequately care for them? Is it selfish to postpone starting a family because you are fiscally responsible and budget yourself?
6 kids. That is just great. Hell, why stop there ma'am? Have another one and Billary will help you pay for it.
You know what is ironic? For all our posturing over the last 5 decades regarding the "evils" of communism, we have became EXACTLY what we fought so hard against. And that is the true tragedy of our country.
6 th baby...
Americano family = Pig family
And you ask yourself question like "Why is this country is going down the toilet ?"
Well, there is your answer right in black and white.
Damn, I feel good... good...good...
Trashes like these need to be incinerated ASAP.
Wow! A $700,000 loss and the party is just getting started!
What's it going to be like a year from now when the real magnitude of this housing bust Tsunami becomes apparent to tens of millions of Americans who have been conned by the likes of David Lereah and Alan Greenspan.
If suckers like this aren't completely brain dead they will take there losses NOW and get the hell out of this collapsing housing market before things really get bad.
Whoa!! This is one dynamic duo. I read on her blog that she couldn't believe that this had happened to her and her husband, because they both have "college degrees". Is she saying that being college-educated should have made both of them invincible or something? Well, I may not have a 4-year college degree, but I have never lost $700,000.
It seems to me that the only thing that they succeeded at was their mating skills.
Anonymous said...
They didn't lose $700000 of their own money it was the banks money they lost
December 17, 2007 3:59 PM
WRONG, WRONG, WRONG. IT WAS OUR TAX MONEY THEY LOST.PLAIN AND SIMPLE, NOTHING FANCY.
6 babies, a pig in every way.
>> you know a blog by its readers a bunch of potty-mouthed teens. you
think if you put a * in there
it makes it clean to print?
Shut your anon piehole.
"but a negative cash flow is what some people want, at least on paper."
You are confusing cash-flow with net income. You always want positive cash-flow. Some people might not mind negative income if negative inc is due to depreciation on an appreciating asset. Here's basic financial math:
Revenue (rent)
-Maintenance, taxes, insurance
= EBITDA
- Interest
- Depreciation
- Income Taxes
= Net Income
- Amortization of principle
+ Capital expenditure
=Free cash-flow
Got it? Probably not, but that's my good deed for the day.
>> In 1988, Britain's Prince Philip expressed the wish that, should he be reincarnated, he would want to be a deadly virus that would reduce world population.
He's going to reincarnate as a pimple on my ass.
You need to get off your back (makn' more mouthes to feed!) & take an Econ 101 class at a nearby JR. College
=============================
Apparently, you've never been to the IE (Inland Empire). The community colleges are filled with homies. It's taught BY homies FOR the homies.
"All around the world it seems that only stupid people are breeding"
From a song a few years back.. I Forget who did it!
Wow, I feel sorry for this lady. It's not the first time someone has suffered from tulip mania.
http://en.wikipedia.org/wiki/Tulip_mania
No, the majority of the blame lies on the shitheads like Greenspan and Bernanke who do know better yet use horrible loose monetary policy to make their private bankster bosses happy. They're are the true evil in this scenario.
Ron Paul is right. A money supply backed by commodities restrains the economy from bubbles that arise due to easy money and low interest rates. Fiat money is an exponentially increasing, unsustainable disaster.
Thank you for the link to Ms. Joe-Six Packs' Blog. What a Genius! The interchange below is my commentary to this irresponsible, dupe...
Carol said...
Let's say that we caused the bubble itself and drove all the home prices up (which we didn't do all by ourselves), then why didn't all those primary residence buyers stop buying during the frenzy? Come on, everyone, I think the statistics on foreclosures speak for themselves.
December 17, 2007 11:00 AM
Blogmaster:
I am glad to see you put in print that you have owned up to your actions. It will save time at your trial. Go right to summary judgement. It appears that the Federal Government is going to be looking hard into transactions like you describe here. Mortgage Fraud is a Felony in many states and juristictoins and you may want to stay in bed many more days and stop answering the doorbell soon. Buy a Heavy-Duty shredder and USE IT. Do It NOW.
Your (and many, many, many others) day of financial reckoming is approaching. . .
You're Welcome.
I expect the FBI to check this lady out because it's obvious that she was lying on her loan applications. If she couldn't afford homes in San Diego, at 33 years old and with 6 children, she had no business buying several homes in Temecula.
And Keith still asks us to be nice to her. Yeah, right. This woman is a fraudster, irresponsible mother and citizen, who's breeding like flies to dump her children and housing scams on the taxpayer. American scum.
Don't worry Roccman - I think we're far more likely to have 1/3 of the earth's population die off from some superbug than from not having enough food to eat. The psychic Sylvia Browne insists that in 95 years the earth will still be here but we won't. At least there won't be a housing shortage anymore though.
Actually if you knew anything about sustainable birthrates you'd know that without people having more than 2.2 children, we'd end up like Europe getting outright invaded by immigrants with no intention of assimilation.
oh wait, we are. I think you're the asshat in this argument.
So you're saying that every irresponsible and bankrupt couple out there in the US should have a zillion children just because of high immigration rates?
Have you thought about CONTROLING IMMIGRATION FIRST, instead of having out of control birth rates that only increase crime and screw the honest and responsible taxpayer?
One more thing, the reason that crime went down in NYC was due to an increase in abortions on that decade, not because of Giuliani. Read the book Freakonomics. Oh, I forgot, some people here don't believe in science or mathematics.
When was the last dieoff again? Lets graph the dieoff's and see when we can realistically expect them, what are they coming every 10 years?
Not really, you can see the die-off going on in Africa, Iraq, North Korea, ethnic cleansing in the Balkans, etc. Take your pick.
You should be more curious on international issues. But I understand, it's an American thing (we're the best, we're the super power, we have Rambo, we're the sh!t, we're so special, we're the greatest bankrupted nation on earth, Jesus lives in the US, we live in our super duper cocoon).
Got it? Probably not, but that's my good deed for the day.
Hmmm...wrong. Sorry but that's the calculation of Free Cash Flow for corporations, not positive cash flow for real estate investing. Free Cash Flow is used to check the performance of a business.
In real estate investing, the CAP RATE concept is used more often, not Free Cash Flow.
If you want to know why the maggots keep allowing hordes of immigrants into this country look no further than the bogus monetary system.
Story today in the WSJ. A couple in Riverside county California runs up the mortgage payment on their house to $6300 a month thru ir-responsible refinancing to pay for their spending sprees. They now owe much more than house is worth.
Two months behind on payments with a foreclosure just around the corner, so what do they do. Buy a house in Houston, TX while their credit is still good along with 2 new cars with no down payment on the cars. Leave for Texas to start a new life and let the bank deal with the house in California.
Yea, its time to bring back debtors prison.
Who I am so glad to see go are the 20-30 year old mortgage brokers punks.
They deserve what they getting. Moving back home and taking care of mom and dad. Using them for a roof and to pay their bills because they have no skills.
I was a Loan Officer back in 2005. What I couldn't understand was all the "INVESTORS" who were buying property with negative cash flows. I would point this out to them and they would just shrug it off. But with 80/20 No Documentation loans they could buy 10 properties with no questions asked.
One guy owned 3 townhouses in Scottsdale each with a negative cash flow of $1,200 per month. But he bragged how they were appreciating $3,000 per month.
I bet that guy is fried now!
So you're saying that every irresponsible and bankrupt couple out there in the US should have a zillion children just because of high immigration rates?
I don't think 2.2 comes close to a zillion. You are the result of the teachers union controlling the educational system
Regarding birth levels:
Though I have talked to this point before, it seems your readers have an interest in seeing the topic explored further.
The housing bubble occured with such timing in my life that I will not be bringing any kids into the world. I am now in my late 30s and married; I have experienced significantly reduced (adjusted for real inflation or housing inflation) wages in the I.T. industry (after the tech bubble implosion). I have decided I will not be having any children since I can no longer support a household on my engineering salary.
Luckily, my GF is okay with this; she has kids from her previous marriage that spend weekends with us sometimes. And luckily, she doesn't mind working to help support the household.
During George Bush's tenure, my life went from "the future is so bright I gotta wear shades" to the current status of basically "waiting for death". Regardless of any future retractions in the housing market, it will be too late for me and mine.
I think this is something that touches people so deeply that you should create a thread about how the housing market and the "race to the bottom" global economy has affected people's most important decision in life. Most of my friends (college educated) without kids no longer considering this a viable choice anymore.
AMEN!!!! I completely agree with you. Although I believe that having children in this life (which I don't have) should be a blessing, it isn't. Between lower wages, higher costs of living, inadequate education, etc. the blessing becomes not only a spiritual drain but more significantly a financial drain - that for many becomes unbearable. You simply cannot afford children, and the environment does not foster healthy family ties...
Not really, you can see the die-off going on in Africa, Iraq, North Korea, ethnic cleansing in the Balkans, etc. Take your pick.
The populations in those areas are still increasing. That doesn't qualify as a die off
Viva La Raza! We will retake Azteca
The populations in those areas are still increasing. That doesn't qualify as a die off
Prove it with reliable data and links.
The populations in those areas are still increasing. That doesn't qualify as a die off
Just to name a couple: Is population increasing in Iraq and Darfur?
budvar wrote: //// The only people reproducing are trailer trash, inter-generational welfare dependents and assorted 3rd world dross ////
People really show their ignorance and bigotry on this blog. I am a college educated, middle-class, Gen-X'er whose values generally run counter to what you've been told a Gen-X'er (or American, for that matter) represents. I'm married, with six beautiful, healthy, young children (yes, they are all ours), and live comfortably on $110,000 per year. My wife - who is smarter than I am - works harder than I do, but never earns a dime for her labor of love. We certainly don't fit into your characterization of a reproducing American as we've never lived in a trailer, accepted any handouts from the government, or immigrated from a third-world country. Since you've obviously got a pre-conceived notion of what a large family in America looks like, it would be a waste of my time (and this space) to describe my home and lifestyle to you; you wouldn't be able to wrap your mind around it anyway. You should get out more and interact with real people in America, not your friends masquerading as happy, content people because their ideal materialistic family of four has it all while Mom & Dad are enslaved to their jobs to pay off their "keeping up with the Jones's" lifestyle. I've met far too many me-first childless couples (by choice) and families with two kids who are miserable, yet I've never met a large family that was not full of joy and who didn't contribute far more to society than they consumed.
You can thank us later for helping solve the Social Security and Medicare crises since our kids will be contributing through payroll deductions to fund your (and mine) entitlements well past the year 2050.
budvar wrote //// The world lost 2 generations of the cream of mankind in 2 world wars, now the brightest and fittest amongst us feel their career/lifestyle is too important to bother with kids.////
Yeah, and we lost another generation (40 million and counting) to legalized abortion from 1973 to present, so what's your point? At least your presupposition is consistent: that the brightest and fittest among us are no longer reproducing. But evidence abounds to contradict your assumption. Who has been having all of these abortions - the "brightest" and "fittest" among us? How many "bright" people do you know or have you heard of who elected to kill their offspring? Abortion aside, how many "bright" people do you know who would choose not to have a child to leave a legacy in the form of a child to carry on the family name?
You're also suggesting that only the brightest and fittest among us enlisted in the armed forces and sacrificed their lives during the major wars of the past 70 years? Both assumptions are laughable. Most of those who died were not leaders (the brightest and fittest among us), they were followers (rank-and-file soldiers). That in no way minimizes their sacrifice, it's just disingenuous to categorize all members of the military as our nation's brightest and most fit, and you know it.
For all of the other bigots out there trolling this site: we're not Mormons or Catholic; just God-fearing Americans who are extremely blessed by our Creator and disgusted by the overwhelming sense of me-first, materialistic secularism that has overtaken this country. I don't want a theocracy, or a partcicularly religious leader in control of our country. I just wish that contrary to the media's best efforts otherwise, there would be some enlightenment in America to those who rail against anything God or religious either out of ignorance (have you actually tried a real relationship with Jesus Christ before you bash Him?), or out of a desire to be their own God (in control of your own life, to Hell - literally - with the consequences).
I'm prepared for the God-haters to come out en masse and tell me how narrow-minded and foolish I am for having faith and living it out. So be it; I am at peace both in the here-and-now, as well as where I will spend eternity. How many of you can truly say that?
The housing bubble occured with such timing in my life that I will not be bringing any kids into the world. I am now in my late 30s and married; I have experienced significantly reduced (adjusted for real inflation or housing inflation) wages in the I.T. industry (after the tech bubble implosion). I have decided I will not be having any children since I can no longer support a household on my engineering salary.
Wow. I'm an engineer doing IT as well. When my co-workers ask when I'm going to have kids I tell them I've been economically sterilized. They chuckle, but I'm not joking. I did the math.
Neither of my parents had a university degree but they were still able to afford a house and basic needs while I worked to pay for my tuition. With rising tuition and housing costs I doubt I could even give my kids the same fighting chance at life I had. Why bother bringing a single life into this world just to be a working slave.
NFN
Viva La Raza! We will retake Azteca
what's up with this "retake" crap?
European Imperalists took Mexico and California from the indigenous people, and then different European Imperialists took California, Arizona & NM from the previous imperialists.
Aztecas had nothing to do with the taking. They had just previously took their own empire from other indigenous people before, before Euro germs and weapons whacked them.
PS: "La Raza" -- it's language of imperialist bastards, generally worse than gringo imperialist bastards.
it's the what you call paper money - stupid!
Keith:
You are so hard on the flippers, realtors, etc. in general, and yet you exhibit sympathy for notorious individual ones. After reading about her refrigerator scam, I realized she was far more disreputable than Casey, who, irresponsible as he was, never exibited a mean streak.
"...By then I was having our sixth baby..."
-----------------
Why is it that the stupidest sheeple tend to reproduce the most?? This dumb cow is exhibit A. Humanity truly is doomed.
and she is allowed to vote, America is so screwed.
Anonymous said...
6 babies, a pig in every way.
December 17, 2007 8:02 PM
-----------------
Draft this cow's kids into the military and/or hard labor so their debts to society can be repaid. The little ones can pick fruit.
I think you people are shameful -- saying such terrible things about the lady with six children. I also think you don't know how to read.
Wow. I'm an engineer doing IT as well. When my co-workers ask when I'm going to have kids I tell them I've been economically sterilized. They chuckle, but I'm not joking. I did the math.
Neither of my parents had a university degree but they were still able to afford a house and basic needs while I worked to pay for my tuition. With rising tuition and housing costs I doubt I could even give my kids the same fighting chance at life I had. Why bother bringing a single life into this world just to be a working slave.
This is a direct result of inflation and a loose fiat monetary policy. If only more people knew why their standard of living has diminished so much - the Federal Reserve and fiat money. It's an erosion of wealth by stealth and that's why the root cause has gone largely unnoticed for so long. The abundance of credit helps hide the economic reality where even a well paid engineer lives check to check and can't afford to buy a house and a nation with a savings rate of zero.
Roccman said...
>>he would want to be a deadly virus that would reduce world population.
December 17, 2007 4:02 PM
The current population growth reality is... that the countries of China, Sudan, Myanmar aka Burma, Iran and Russia are making sure they annihilate humanity! THIS includes US people...
I'm pretty sure there are others... however, those are the countries I'm focused on right now!
Anonymous said...
>>I think we're far more likely to have 1/3 of the earth's population die off from some superbug than from not having enough food to eat.
December 17, 2007 10:00 PM
What a coincidence... or is it? The Int'l Herald Tribune wrote an article on this subject today titled, "World food stocks dwindle rapidly UN warns".
http://www.iht.com/articles/2007/12/17/europe/food.php
Anonymous said...
>>Who I am so glad to see go are the 20-30 year old mortgage brokers punks.
They deserve what they getting.
December 17, 2007 11:50 PM
Yes, I'm with you on getting rid of the sludge and yes I too believe that they should reap as they have sown....
However, because of these a$$wipes everybody associated with the mortgage lending industry is/will be hurting... mortgage brokers, escrow, title, couriers, credit reporting agency's, counties, states, etc.
Yes, their selfishness is going to hurt us ALL!!!
It doesn't matter how many kids you have or what religion you are; in the US we have the right to choose those things. Six really isn't a big family if you compare it worldwide (Europe/China excluded of course.)
What I don't understand (one of many things!) is how could you risk so much money when you have six kids to feed? It's just irresponsible. How could you sleep at night?
Who is this idiot who talks of California being taken from loving indigenous peoples! First off the American Indians (California and Texas tribes) hated the Aztecs and considered them demons who would come up from Baja desert to steal from them - how ironic. And the Aztecs were quickly killed. In addition the tribes were constantly raping, cheating, lying and killing each other. Calling the Europeans "bastards" and "invaders" is the same talk Hitler gave to the Germans - on sided, arrogant vain propaganda that never looks into the ills of the one speaking it. Add to fact that so called indigenous peoples were them selves ALL invaders at one time or another -and- that white people may have actually been the first to migrate here 7000 years ago -and- that blacks were the first to migrate to the Brazilian area just to be genocided by the new invaders (today's indigenous people), etc. When you added up all the facts the Europeans were the most civil and generous newcomers compared to their counterparts.
Who is this idiot who talks of California being taken from loving indigenous peoples
I'm sick of these Mestizos claiming that the Southwest USA is their land. They belong in the armpit known as Mexico. That's like the Germans claiming that France is their land. The only Mexicans who lived in the Southwestern USA were Spanish Europeans. They have no more right to claim American soil than they have to Brazilian or Chilean soil.
@illegals everywhere
"All around the world it seems that only stupid people are breeding"
From a song a few years back.. I Forget who did it!
December 17, 2007 9:28 PM
Harvey Danger Flagpole Sittah
Post a Comment