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Foreclosure Alley. Must See!
Submitted by hawkiye on Sun, 10/05/2008 - 18:15
It's worse then we thought! Sad very sad. This is a must see folks! Welcome to the future because the future is now. But hey if were not careful we might go into a recession... Big sigh! http://corgiguy.gohds.net/?ch=1.0.143.0.SOCAL:FORECLOSURE-ALLEY This was originally posted by sentinel but fell off the board to fast » |
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"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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government of the people, by the people, for the people
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There was some guy on the TV
There was some guy on the TV the other day sounding all righteous about the foreclosure situation. He was touted as being an economic pundit. He had no worries about homes falling into foreclosure status. When the market picks up, these properties will be bought and sold again.
No mention of the fact that without people in them they tend to go to rack and ruin. So they will be in need of drastic makeovers in order to obtain a halway decent price. It is this "other planet" mentality that gets me.
Is us who are the crazy ones or them?
www.ardenforester.blogspot.com
For Free Enterprise NOT Covert Corporatism
www.ardenforester.blogspot.com
For Free Enterprise NOT Covert Corporatism
Ah, but see as a Keynesian, he LOVES broken windows...
because that will create lots of new jobs and opportunities for even more debt to pay for the replacement windows and stuff...
Heck, he'd probably agree with Bill Gross from PIMCO that we should maybe just go and literally blow-up every foreclosed house, form some type of government funded housing construction public-works project thingss to rebuild them... and the blow them up again and start all over again...
That's how you create jobs.
Or, we could do like the Egyptian pharaohs and build a bunch of big pyramids with manual labor that way we'd have 100% full-employment and the ultimate pyramid scheme would work out just fine!
(And actually, if we could do like the pharaohs did and come January 20th, we put GWB inside the pyramid along with all of the leaders of his administration {past & present} plus all of the current members of Congress and their staff members... maybe that wouldn't be such a bad idea! Heck I'd even chip in and buy the first block.)
Happy Hunting
JUST bear in mind that this market drop combined with the people WE made solvent ,allows the solvent parties to buy back at forclosure rates..
weee
Awesome !!
I've been poor all these years but debt free...
Maybe if this keeps up I can afford to OWN a Home..
Not LIVE IN A BANK OWNED HOME FOR INTEREST AS A DEBT SLAVE..
One Voice, One Vision, One Love ~ Liberty.
Good Thoughts, Good Words , Good Deeds.
That is the Ron Paul rEVOLution Creed.
One Louv. ;-)..
The least they could do is allow people to go into the home
and take stuff before they trash it, not just the company doing the trashing, but the general public.
Very depressing.
The owner of the clean-out
The owner of the clean-out company said that everything in the home is left there voluntarily by the person who was evicted/foreclosed upon. He said that everyone is given ample time to move their belongings.
...
From my understanding the people LEFT that stuff freely.
These were cases of "jingle mail" -- where the owners were NOT "forced out" but rather willingly sent the keys back to the bank and moved out on their own initiative... they apparently left all of the stuff behind because they had no where to put it.
You would think they'd at least have some type of fast "yard sale" -- but perhaps the shame of losing their home was such that they couldn't face even that.
If I were the cleanup-crew guy, I'd see if I couldn't rent some type of warehouse to store the stuff in... provided it's legally been "abandoned" then you could eventually open up a "warehouse store" sell the stuff way cheap and reap a big profit (since the only cost was the warehouse).
Cut a deal with the "home trasher".
He'd be happy to have somebody take some of the stuff. But he has to have it out on schedule. So cut a deal with him to take some of it off his hands and BE THERE ON TIME.
= = = =
"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."
That means: For each job "created or saved" about five were destroyed.
amazing
"Lead, follow, or get out of the way."
-- Thomas Paine
A Republic, If You Can Keep It
Thanks for the info. A few points
- this scenario is not typical of what is happening across the country
- we need to ask why these folks couldn't pay their debts and/or why did they just walk away?
- what was the role of speculation in this mess?
- who are the losers and who are the winners?
- what is the role of regulation (zoning etc) that makes options for homeowners so limited?
If one drives around the towns and cities of NH (New england for that matter) you will see two distinct types of neighborhoods. First there is just single family housing and second, areas where single-family housing is now multi-family housing. That is, during some hard times of yesteryear folks had the option of reconfiguring their homes to help pay the overhead. That doesn't seem to be an option anymore. I think it should be. If I had one of these Calif. homes I'd rent out part of it to help carry the costs.
h-daddy
It might not be quite as bad
It might not be quite as bad elsewhere but this is just the beginning. I know in my neighborhood and many in my area and others I have talked to across the country there are 2, 3, 4, or more vacant houses on every street. Not one street without at least 2 or more vacant houses.
The bigger cities where the bubbles was blown up the largest are hit the hardest right now.
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Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats. H. L. Mencken
Get Prepared!
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End The Fat
70 pounds lost and counting! Get in shape for the revolution!
Get Prepared!
What I saw as hopeful in this video..
was the spirit of imagination and entrepreneurialism of the man who started the "trash out" business.... and the man who started the "painting the grass" business. And soon, as those below have pointed out, I am sure that there will be a person who contacts this guy and arranges to have HIS trucks there to take the nice furniture and start a "Used Furniture" business. This is the entrepreneurial spirit that will rise from the ashes and rebuild the country.
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http://www.youtube.com/watch?v=Y6pAcBXt2j8
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world."
Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."
Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs
well that is some of those assets that are suppose to go into
treasury of the United States. So they can sell them and make the tax payer a pofit. This is a joke. The government should be storing all of this for the tax payer and having auctions in the future to help pay down the tax payers debt. This is just sick.
They did it before.
It was called "HUD" - the department of Housing and Urban Development.
They got the poor into houses they couldn't pay for. Then when they defaulted and moved out HUD ended up with the houses.
And they refused to sell them - explicitly to avoid putting downward pressure on home prices. So the bubble continued to inflate, poor people with SOME income remained homeless or renting at inflated rates, and the HUD houses rotted or were squatted by drug dealiers, becoming unrepairable catalysts for neighborhood decay.
Like a rotten tooth that you can't pull.
Bet on it: Once the government has the ownership it won't sell. And it will all happen again.
= = = =
"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."
That means: For each job "created or saved" about five were destroyed.
Exactly, they are just
Exactly, they are just DESTORYING those individual lives AND the economy so we ALL suffer.
bankers
Alternatively, what if the BANKERS destroyed people's lives by sucking them in to a system their incomes could not afford?
The Federal Reserve drops interest rates to 1% for over a year (after 9/11). Greenspan publicly encourages adjustable rate mortgages precisely when locking in a low 30-year rate would be a better option.
Adjustable interest rates reset higher, and people lose everything.
Was this engineered or encouraged by the bankers and the Federal Reserve?
http://FlipFlopRomney.blogspot.com
Trash Out
What a disgusting waste.
Where are all these homeowners now?
Trashout Riiiggghhhttt....
Looks like blackwater is working early, do you for 1 second think people are going to leave a $1200+ big screen and not try to sell it for 100 bucks or whatever? Just speculating but I find this very hard to believe.
Revolt For Freedom !!!
Revolt For Freedom !!!
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What do they care?
They bought it on credit, now they are probably going to declare bankrupcty anyhow.
OR, maybe they are just totally depressed and crushed, as the video suggested, and have lost the will to live, due to the Fed Hell of value illusions and deception at all turns.
They said
they take anything they can carry away.
insane.
insane.
Destroying peoples lives.
Destroying peoples lives.
bump
must see video.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Why not challenge the banks
and when they come to collect your house, you escort them out with your firearm?
The homeowners didn't own this house...
...it's the banks. They made the decision to take the Feds phoney money- not the bank.
It's very sad and tragic, but this fiasco has several guilty parties- including the Americans who participated in this false economy. I blame the government, the Federal Reserve and the citizenry that all too often participates in the same level of chicanery as those who represent them in D.C..
Maybe we do get the leaders we deserve...
you are correct...
the term "homeowner" is an oxymoron.
the bank owns the house - just like they own the car or the land or whatever you have on which you owe.
actually, even if you don't.
if you have a tax payer # (social security #) you do NOT own much of anything that you think you do.
THIS POST IS SUPPOSED TO BE IN REPLY TO: The homeowners didn't own this house...
Ron Paul is My President
Ron Paul is My President
That's why our family has
That's why our family has zero debt- outside of what the feds are wracking up on our behalf. :-(
I agree, "homeowner" is a very strange oxymoron given our "homeowner society", which is really a "bank owned society".
truly sad! to see the
truly sad! to see the dismantling of our country and fellow countrymen!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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I just hope this does not
I just hope this does not for some strange reason make people think the "bailout" must happen. Seems people think it somehow will help THEM, when it has not one thing to do with that...