December 01, 2007

HousingPANIC Stupid Question of the Day


If you illegally lied on a mortgage application about your income and assets, and got yourself into a loan and home you couldn't afford on which you couldn't even make the minimum monthly payments...

Is the home really yours to lose?

(hint - it's not your home, it's the bank's. you're not a 'homeowner' and you can't lose something that's not yours. you're in the home illegally, and society will be better off once you lose it and someone who can afford it moves in. you don't deserve a bailout and you'll be better off renting, or buying a home (with non-fraudulent loan documents) that you can afford)

27 comments:

Stuck in So Pa said...

I'll bet some road-kill stew would taste pretty good right now. Wheeeeeee-doggies!

Anonymous said...

Ahhh, the greedy American way of life. I bet they are Republicans:

Two women arrested for posing as apt. buyers, then swiping luxury goods

They posed as wealthy apartment buyers, but turned out to be an upscale version of Thelma and Louise who pilfered diamonds and furs from luxury Manhattan pads.

Jessica Joyner, 39, and Jennifer Jones, 33, who both live in swanky upper East Side digs, were nabbed after being chased from an open house they were allegedly attempting to rip off, cops said Sunday.

Cops believe Joyner and Jones have been pulling their bogus-buyer scam since early October, dressing in designer duds to fit in as elite real estate browsers.

Joyner, a divorcee, even drives a 2003 Jaguar XJ8. She lives in an E. 94th St. apartment and owns a $645,000 home in the Hamptons.

Joyner, a blond with a horsy smile, and Jones, a sexy brunette, allegedly stole with discriminating tastes, police said.

They are accused of taking handbags, a Tiffany clock, earrings, diamond rings, clothes, a wallet, a Coach backpack and even a fur coat.

The pair hit ritzy apartments on both the East and West sides of Manhattan, ripping off at least five high-end addresses.

Among the buildings they targeted were 14 E. 96th St., 4 E. 82nd St. and 2373 Broadway, where they allegedly stole a diamond eternity band.


http://tinyurl.com/2u8jm4

consultant said...

If you look at the story in today's NY Times, it says it all:

Wall St. Sees Silver Lining in Economy
http://tiny.cc/kINiz

Talk about moral hazard? We now have a moral collapse. We essentially have business leaders, who have bought the government, and are using it to loot what and whoever they can. Corporate terrorists.

It took about 30 years, but we have become a banana republic.

What's next? A coup?

FlyingMonkeyWarrior said...

1/3 of it is mine.
D'oh.

Anonymous said...

Anonymous said...

Ahhh, the greedy American way of life. I bet they are Republicans:

--

Where was the biggest housing boom doofus?

DC - votes 90%+ Democrat

Las Vegas which is in Clark county which voted for Kerry and Gore and is home to Harry Reid. Nevada is red. Las Vegas is deep blue.

San Francisco - 'nuff said

Boston - home of Ted Kennedy, John Kerry. And in a state where 100% of Congressmen are Democrats. Yes 100%

Los Angeles - about as blue as it gets.

West Palm Beach...only slightly less blue than L.A.

Seattle - they woudln't know a Republican there is he he came and bit them on the ass

Aside from Phoenix which is slightly red, every single bubble was in heavy Democrat areas.

Which makes you one dumb fuck.

Anonymous said...

Joyner, a divorcee, even drives a 2003 Jaguar XJ8. She lives in an E. 94th St. apartment and owns a $645,000 home in the Hamptons.

==

I would like to know where you can buy a home for $645K in the Hamptons. I'll buy that on the spot, sight unseen.

Edgar said...

If they're underwater, they won't pay. Problem solved.

Edgar said...

consultant asks:

What's next? A coup?

It has already happened. You didn't notice?

Malcolm said...

And when they catch a man breaking into your house, they should let him keep your TV.

After all, everyone needs entertainment, and we all know that NEED is more important that such old fashioned ideas like "right" and "wrong"

devestment said...

Hint.
If you lied, your contract is void.

Andrew from Russia said...

Let the house dupe the deceitful borrower by leaking, cracking, rusting, and eventually collapsing - Chinese parts and unskilled migrant workmanship are a guarantee of built-in obsolescence that makes foreclosure unnecessary. And when repair costs add up to mortgage payment that's already in arrears, it's HOT!

Anonymous said...

Anonymous said...

Ahhh, the greedy American way of life. I bet they are Republicans:

Two women arrested for posing as apt. buyers, then swiping luxury goods

They posed as wealthy apartment buyers, but turned out to be an upscale version of Thelma and Louise who pilfered diamonds and furs from luxury Manhattan pads.

Jessica Joyner, 39, and Jennifer Jones, 33, who both live in swanky upper East Side digs, were nabbed after being chased from an open house they were allegedly attempting to rip off, cops said Sunday.

Cops believe Joyner and Jones have been pulling their bogus-buyer scam since early October, dressing in designer duds to fit in as elite real estate browsers.

Joyner, a divorcee, even drives a 2003 Jaguar XJ8. She lives in an E. 94th St. apartment and owns a $645,000 home in the Hamptons.

Joyner, a blond with a horsy smile, and Jones, a sexy brunette, allegedly stole with discriminating tastes, police said.

They are accused of taking handbags, a Tiffany clock, earrings, diamond rings, clothes, a wallet, a Coach backpack and even a fur coat.

The pair hit ritzy apartments on both the East and West sides of Manhattan, ripping off at least five high-end addresses.

Among the buildings they targeted were 14 E. 96th St., 4 E. 82nd St. and 2373 Broadway, where they allegedly stole a diamond eternity band.

http://tinyurl.com/2u8jm4

December 01, 2007 2:05 PM
consultant said...

If you look at the story in today's NY Times, it says it all:

Wall St. Sees Silver Lining in Economy
http://tiny.cc/kINiz

Talk about moral hazard? We now have a moral collapse. We essentially have business leaders, who have bought the government, and are using it to loot what and whoever they can. Corporate terrorists.

It took about 30 years, but we have become a banana republic.

What's next? A coup?

December 01, 2007 2:34 PM<<<<

i hope they send them to rikers island for a year, then transfer their sorry asses to bedford hills for the remainder of their 5 year sentences....there of course they will find Jesus....

Anonymous said...

Are the people who run Florida investment pool the same ones who run the 137 billion pension fund?

pennywise said...

Anon "Where was the biggest housing boom doofus? "

Red regions are in there too doofus.

Central Valley and Inland Empire of CA- #1 in foreclosures Stockton, Also in the top 50 Sacramento, Elk Grove, Merced, Fresno, Modesto, Bakersfield, Imperial County, Riverside, Corona. These cities are also ground zero for post 2000 neo-conservative, big spending, big government, socially conservative, G W Bush regime.

You could throw in Florida, Ohio, Phoenix, and San Diego in there to make the case too, but the pattern is so much more distinct with those cities. If you looked at a county by county red/blue map of the 04 election in CA, it would correspond almost perfectly to a map of counties that had > 200% appreciation 2003-2006, that had greater than 40% adjustable mortgages originated 03-06, and that currently have foreclosure rates greater than 1 in 150 households.

Anonymous said...

Debtors Prisons

Crank up the Death Penalty to make room for the debtors. Execute all Death Row inmates Monday, First Thing.

You lied, you cheated, you stole?

You are Guilty and MUST be punished accordingly.

1 Strike and you are OUT.

Happy Depression.

Anonymous said...

pennywise you are a penny stupid no doubt.

Ohio didn't have a housing boom moron. The biggest bubbles were in blue areas. Debating this is like debating the sun comes up in the east.

Face it. The liberals fucked this up for all of us. Not too many red staters driving around in $100K Mercedes-Benz taken out with Heloc money. But there are plenty in the bluest of blue areas like SoCal, San Francisco, Marin County, Wahington DC.

Only a complete ignorant fool would blame this on red states. Yeah we all know it was Idaho and Wyoming that ledt the bubble.

Idiot.

FMW said...

Are the people who run Florida investment pool the same ones who run the 137 billion pension fund?
**************
Same fund I hear on the rumor mill.
They all had the same Fund Salesman err I mean Financial Consultant licensed by the state, I read somewhere. Different contacts/CFO's through out the state, by municipality and by county, etc.

BK here we come?

FMW in Orlando where they were out of this fund first.

ps.
I posted this story on a blog belonging to teacher friend of
mine, and she will not read the story. She told me that I was going to attract financial ruin on her if I pointed out these things to her!
She told me she does not want to hear about it!!!!!

Frank@Scottsdale-Sucks.com said...

Aside from Phoenix which is slightly red, every single bubble was in heavy Democrat areas.

Even Arizona has gone to the blue. They have a 2-term liberal democrat governor, democrat mayor and city council, Scottsdale also has a democrat mayor and city council and in the last two congressional elections Scottsdale voted democrat.

Arizona has become true blue, through and through.

Anonymous said...


Arizona has become true blue, through and through.


It's all those DemoRat whores from California looking to make another quick buck

Anonymous said...

Who cares? In the end, I get to keep my house. That is all that matters to me.

Anonymous said...

Very good point Keith that a fraudulent borrower does not deserve to get a bail-out .

The trouble with the bail out is that the Feds are going to lower the Fed rate to zero in order for the banks and lenders to afford to give the bail-out .

Anonymous said...

bullshit Frank! they may technically democrates but they are in no way like the demo scums you have running MOST of california-or nyc-or seattle- or portland ----not even in the same universe and you damn well know it! its like saying arnold is a neo-con--he's technically a republican but in no way in the same universe as a Reagan republican.

spin all you like but ppl that live here know the truth DB!

Anonymous said...

What's next? A coup?

December 01, 2007 2:34 PM
---------------

We already had that! Remember 2000? and 2004?? Paulson should not even be there to give permanent teaser rates!!!!!

Anonymous said...

If you voted for Bush/Cheney twice and still defend this Administration you are a crook. Go look fo your own type in another blog.

Oh, one more thing, under the evil GOP:

- Housing ponzi scheme
- 9-11 (they let it happened under their watch)
- Phony war linking Sadam to 9-11, which was created only to transfer trillions of taxpayer money to Republican cronies.
- New Orleans Katrina incompetence
- Gas/oil prices into the stratosphere thanks to the two oil men in the White House who have been selling the country cheap to the Arabs and China.
- Enron
- Biggest deficit in history
- Destruction of the US dollar
- etc, etc, etc

Nobody with a brain believes in the republican crooks posting here. YOU ARE A CROOK AND A DISGRACE TO THIS COUNTRY AND I HOPE YOU GET A CANCER THAT EATS YOU SLOWLY FROM INSIDE OUT.

Anonymous said...

" Ohio didn't have a housing boom "

Solid effort, but despite the invective you used, you're still wrong. You're also a moron. Doesn't that feel good?

Ohio did have a housing boom, and is now going to receive the most foreclosures of any state after florida and california. Yep, that's right - Ohio will get MORE FORECLOSURES THAN ARIZONA.

Moronic Republicons will do anything to throw blame on liberals, won't they? It's a good thing the entire Republican party isn't made of idiots like that guy - I'm actually ashamed to be a registered Republican because of him. Wait, that means I get to vote for Ron Paul!

Look.

This isn't about political parties - everyone's got skin in the game. If anything, Republicans have more blame than Democrats, because Greenspan is a shill for the banker Republicans.

However, the crisis is BIPARTISAN, and the only solution is to rip the bandaid off, deal with the pain, and get going on a solid footing. Easy money caused this crisis.. easy money is definitely not the answer.

If you perpetuate a search for "blame," first look in the mirror. You could have participated in more political activism to get the word out to politicians that the current solutions are worthless, and the problems still need to be addressed.

Fundamentally, the nationwide promiscuity of bad lending requires a shift of consciousness - times are not good, we need to work and save not spend and get fat.

Purple State said...

Just about any city (even Cheyenne!) anywhere is more liberal than the countryside, just as the suburbs are generally more conservative. The rural areas haven't seen the kind of housing boom (less people, duh) but will feel the crunch soon enough once their loans adjust.

I don't see how this can be blamed on one party when it's clear that no politician has done anything to stop this--at any level. They are ALL rats, red or blue rats, but rats just the same. Too afraid of getting voted out to ask us to do without for once. Politicians, what a bunch of cowards!

"Banana republic" is right f*cking on. A BR economy works this way: raw goods go out, and manufactured goods come back in at a huge mark-up. We depend on industry for everything and pay the mark-up. We can't even make freakin' coffee ourselves anymore for Christsakes! Don't let the US borders fool you--we are all living on one big plantation and our greed works just as well as chains. One hundred years from now Third World economics students are going to be writing papers about this.

This is bigger than that stuff. Please, grind your worthless political axes somewhere else.

pennywise said...

Quoting me-
"pennywise said...
Red regions are in there too"

Quoting you-
"anonymous said...
Only a complete ignorant fool would blame this on red states"

Besides the obvious, that I never blamed this whole mess on the red states, I think I should clarify a few points I wanted to make.

Red state/blue state generalizations are bullsh!t in the first place. The county by county purple shaded map below is a much better representation of US demographics. Nearly all 50 states have a mix of red and blue.
http://www.princeton.edu/~rvdb/JAVA/election2004/

In my particular region, CA, the housing bubble is more pronounced in the reddish-purple counties. Go back a few weeks in this blog to find the post with the Wall Street Journal map of subprime mortgage exposure, look at just CA, and tell me you don't see a near perfect correlation. Blue LA and San Fran are in bad shape-- Red Inland Empire and Central Valley are in catostrophic shape.