Watch "The Big Short" on Netflix.
They ARE repeating what happened in 2008, the signs are all there, over inflated house pricing to generate revenue in increased taxes as well as profits for realtors and everyone involved in the buying/selling process, the onslaught of mail I'm receiving with offers of APR with 30-50K in my pocket for home equity... Common with my income I wouldn't give myself an APR loan and 35-50K in my pocket (same as a sub prime loan isn't it?). But you know how many people will see nothing but the dollar signs in their pocket and get sucked into these loans???
No it makes sense, the bankers, wall street, and everyone involved learned how to sucker people last time and they are doing it all over again... Last time after all the fraud only 1 person was jailed for any of it, the gov/taxpayers bailed them out, they all got bonuses, and the people that suffered were the middle class people that were in fixed loans, had equity, made their payments...
Home ownership is a shell game, try to buy low, but then you end up dumping a bunch of money into repairs and maint, property taxes, home owners insurance, you never really get your money back and if you sell the vultures get 6% off the top plus movers, lawyers and everyone under the sun gets in on the action all at your expense.
If I wasn't married I'd dump the house I'm in now get me a mobile home and go more off grid... Can't pay a lot of prop taxes if your on a mobile home... pay cash for it work part time... But the wife ain't having it and trying to convince her to dump the big house and all the stuff I don't need is near impossible.
They ARE repeating what happened in 2008, the signs are all there, over inflated house pricing to generate revenue in increased taxes as well as profits for realtors and everyone involved in the buying/selling process, the onslaught of mail I'm receiving with offers of APR with 30-50K in my pocket for home equity... Common with my income I wouldn't give myself an APR loan and 35-50K in my pocket (same as a sub prime loan isn't it?). But you know how many people will see nothing but the dollar signs in their pocket and get sucked into these loans???
No it makes sense, the bankers, wall street, and everyone involved learned how to sucker people last time and they are doing it all over again... Last time after all the fraud only 1 person was jailed for any of it, the gov/taxpayers bailed them out, they all got bonuses, and the people that suffered were the middle class people that were in fixed loans, had equity, made their payments...
Home ownership is a shell game, try to buy low, but then you end up dumping a bunch of money into repairs and maint, property taxes, home owners insurance, you never really get your money back and if you sell the vultures get 6% off the top plus movers, lawyers and everyone under the sun gets in on the action all at your expense.
If I wasn't married I'd dump the house I'm in now get me a mobile home and go more off grid... Can't pay a lot of prop taxes if your on a mobile home... pay cash for it work part time... But the wife ain't having it and trying to convince her to dump the big house and all the stuff I don't need is near impossible.
