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FIND YOUR DREAM HOME OR APARTMENT
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Do not vote for incumbents, you dumb@$$e$ !!!
A lot of the Florida foreclosures originated from second home or rental property purchases.
We should not confuse the typical working family foreclosure from the foreclosure created by
someone making an investment for profit. Florida is a special case!
People used the HELOC or the cash out from a refi on their main home to put a down payment on the Florida home. The idea was that they would rent it out to cover the mortgage until they were ready to retire. or maybe they had taken a real estate course and they were trying to build a portfolio of rental properties. Unfortunately when the rental market collapsed, they couldn't cover the mortgage because they were over leveraged.
Now besides having lost or about to lose the Florida home, they are underwater on their main home and probably got or are trying to get a mortgage modification. Hopefully they haven't lost that home too.
They gambled their parents' version of the American Dream - Mortgage Free Home Ownership to go after their dream.
Remember those "Mortgage Burning Parties" our parents' and grandparents' generations had?
I haven't heard of any these days! Paying off the mortgage was a source of pride for their generations, because it was their American Dream.
Nowadays if you have paid off the mortgage, you keep quiet about it!
The Recession was DURING the BUSH era. The freaking war, BUSH, lest we forget the truth. Obama = not the best president however BUSH, CARTER the two worst of all time.
Carter = 18.9 interest rates gas lines, max fill up 5 dollars and waiting in line.
Bush = 5 % interest rates rang up 2 trillion in debt on the war. 250,000 troops in the middle east. Down joins falls worst then the great depression. Banks had to be bailed out because of no REPUBLICAN oversight BS. 4900 troupers dead. Housing collapse...
Obama over 14,000 on the NYSE since he took office, housing collapse halted, Neveda 1 in 3 homes foreclosed on before Obama now 1 in 840 LOOK up the facts. OBAMA may sucks like 90 % of all politicians, but it not only improved for jobs and housing and economy 18 million people who didnt have healthcare have it. People who had 2000 a month insurance cost now have 390 like us.
He did bring home almost all troupers but he F ED it up by not leaving them in IRAQ now mass killings are going on and the full reason we stayed in Korea, and Vietnam is to STOP F-ing dictators killing people just because they get pissed on what kind of clothes they have on.
Obama may suck like all politicians, but DID he create the problem. NO, WE DID by not putting our political system to an end. STOPPING big business from buying the rules.
OUR forefathers gave us the right to bare arms to STOP the political process if we were not represented but we are STUPID and fail to grasp it. Peaceful march to change our government so we can all have a better life.
GOOGLE the top 1000 wealthiest people in the U.S. See what their combined net worth is. Take that Trillion dollars and disperse it to roads, the people, and stop the rich from buying the LAWs.
When the wealthiest people pay 12% tax and the middle class pay 45% tax its time for a change.
If you really ever take the time to do the math ,, Tax benefits against the cost of ownership including interest and whatever else is tacked on ,,,, Its elementary ...... The American Dream of home ownership just doesn't ADD UP,,,,,,,,,,,,,, Especially in CA ..FL etc
Whatever you think you own, will eventually cost you everything.
Oh and while we are on the subject of extreme losses in your personal; portfolio, Think twice and against retirement savings programs associated with the government , including annuity's. The only people that are profiting from the investment ,are the ones not investing the money .
DO THE MATH !! CASH IS KING..... SAVE SAVE SAVE.. it gonna rain Baby.
Ya think this tells something about freeloading leadership ????
It's a buying opportunity: $1 for 50 cents. Keep them coming. Basic principle of a 'value' type of investment.
[BRK] is now in the real estate business.
It shows me people are buying more house then they can afford. In addition, that filing bankruptcy or not paying house payments for many months to force foreclosure is just another way to game the system.