Help ATS with a contribution via PayPal:
learn more

Stranger Buys Foreclosed House at Auction and Gave it back to Owner

page: 4
61
<< 1  2  3   >>

log in

join

posted on Jan, 10 2009 @ 02:37 AM
link   

Originally posted by David9176
reply to post by Skittle
 




A socialist world? I rather be a socialist than a emotion-less and braindead cold human being.


I don't get this comment though. This has nothing to do with socialism. This is someone voluntarily helping someone else in need....not socialism.



This is example of people not knowing what they are talking about. Helping someone is not socialist, dear.




posted on Jan, 10 2009 @ 02:45 AM
link   
reply to post by jenmckin
 


mods pleaase let me vent my anger here.. please


IM SO #ING PISSED OFF RIGHT NOW.. not at the normal working person but just how things are i mean cmon???

this vid alone shows how we as people can share.. and do right by others

it totaly drives me insane and it hurts realy to see a women cry becouse of some simple thing we call money

we dare not question this??? our moraility???

I said to my friend once.. we dont need money

He said "but how would it all work we NEED IT"

that is our problem here.. we are all greedy


I hope things work out for you and others in this mess...but its all self created and thats the sad part for me..

Drunken Yoda



posted on Jan, 10 2009 @ 07:55 AM
link   
$30.000 For A House! My god, you could barley rent one for a year for that price here in the UK.

I wish I could get a house worth living in for 10 times that price.



posted on Jan, 10 2009 @ 12:20 PM
link   
Wow..! there is hope for humanity after all
all we need is more and more like her and less like GWB



posted on Jan, 10 2009 @ 08:34 PM
link   
reply to post by weedwhacker
 



Originally posted by weedwhacker
This kind of generosity seems to help me proclaim that the concept of 'Capitalism' is dying out.

YES!! I just said it!! 'Capitalism' seems to be dying. I know, I know, the next immediate response is to suggest 'Communism' or 'Socialism'... but that is NOT what I'm advocating.

In fact, I really do not know the answers....we have all seen 'Socialism' and 'Communism' fail....but it seems the 'Capitalist' method of society is doomed as well, because, in all three cases....GREED tends to over-run the system!
:
:
SO...Capitalism, Communism and Socialism have not fulfilled their respective promises.


How does this thread illustrate that capitalism is dying out? How does it illustrate greed?

The woman signed a contract with a lending institution for a mortgage to buy a house. She did not hold up her end of the contract. The lending institution - made up of people who invest in it, everyday people - used their legal remedy to recover some of their bad investment. Most likely they will not recover all their losses, and the investors will not be paid dividends, retirement accounts will dwindle, markets will suffer, and we will end up where we are today because of bad lending practices.

Bad lending practices and overextending oneself financially are self-inflicted problems. They are not tenets of capitalism.

The housing bubble was caused by a flawed concept - the idea that everyone should own a home and the gov't should make it possible for them to do so.



posted on Jan, 11 2009 @ 07:21 PM
link   
Boy oh boy oh boy! So America still has people like this angel without wings. Hooray!! Now if only those rolling in money like movie stars, mega rich sports persons and the bankers who started all this in the first place, can do likewise.



posted on Jan, 14 2009 @ 11:20 PM
link   
reply to post by David9176
 


Yes I too enjoyed the story and I enjoyed the one that was written by Michael Landon in one of the episodes of "Little house on the prairie" where the neighbors did the same thing for Mr Joseph Ingles.

what was missing however was any mention of "Socialism"

When I got to that part of this posters addition is when it turned my stomach.

[edit on 15-1-2009 by Aermacchi]



posted on Jan, 15 2009 @ 12:18 AM
link   
reply to post by jsobecky
 


jso, you said it in one sentence, and seemed to gloss over the point....you said that bad lending practices led to this disaster...true.

But, in that same sentence you implied some sort of fault should be laid on the borrower of the mortgage. When, in fact, the entire system was corrupt, though they didn't know from the left hand to the right hand.

POINT: A person wishes to own a home. Having little to no money down, barely able to pay, is nevertheless allowed the mortgage. Which is promptly sold to someone else, and 'bundled' with other such risky mortgages, then sold again....and possibly AGAIN!

See, this was basically a 'legal' Ponzi scheme. (Just Wiki 'Ponzi' if the term is unfamiliar).

However, this process one-upped the traditional 'Ponzi' method, because the waters became so muddied, with all the goings-on...it is almost impossible to dis-entangle the bad guys from the duped guys.

Well....if I only have to invoke the name 'Bernie Madoff' to get your attention, then perhaps we can begin to realize how the scam worked.

In Bernie's case (his name is pronounced "Made-Off", BTW) he (and he alone...well, he and his associates) sat at the top of the pyramid, the 'Ponzi Scheme'. The mortgage melt-down was the result of many, many well-meaning and honest people who simply got caught up in a de-regulated miasma of greed....and, here we are, today.

THIS is why I fear for the concept of Capitalism. I'm not advocating Communism, nor Socialism. What I fear is the excesses of ANY system...when the HAVES trample on the rights and priveleges of the HAVE-NOTS.

Allow me to expand...it is a common bit of Hubris, here in the USA, to imagine that anyone can emmigrate to this Country and become a self-made millionaire. We have ample history of this....BUT it is OLD history!!!

It is an idea, from the past, based on concepts that are now, obsolete. The new way to 'wealth' is different. The old way was through the Industrial Revolution....100 years ago. Now, it is the age of computers, and technology.

Call it, the Technological Revolution.

Well, just as, a century ago, there was upheaval, and resistance to change, so it seems to be happening again now.

Capitalism built MUCH of the Western World, during the last century....yet we see greater and greater disparity of wealth and opportunity throughout the World. WHY???

Communism? FAILED Socialism? POSSIBLE-FAIL

Capitalism? POSSIBLE-FAIL

Maybe we need a new term, some combination that will work for the entire Planet.



posted on Jan, 15 2009 @ 03:52 AM
link   
reply to post by weedwhacker
 


It's a shame that Washington doesn't understand this.


It's a shame that Washington doesn't understand this.


To All My Valued Employees:

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of facts which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against the employees, you have to understand that for every business owner

there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last year's Christmas party. I'm sure all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don't see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for three (3) years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles, because virtually every dollar I made went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date.

Oftentimes, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the Good Will store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly Had.

So, while you physically arrive at the office at 9 AM, mentally check in at about noon, and then leave at 5 PM, I don't. There is no "off" button for me. When you leave the office, you are done, and you have a weekend all to yourself. I, unfortunately, do not have that freedom. I eat and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a one-year old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... You never realize the back story and the sacrifices I've made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has its benefits, but the price I've paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death, and the government thinks I don't pay enough. I have State taxes, Federal taxes, Property taxes, Sales and Use taxes, Payroll taxes, Workers Compensation taxes, Unemployment taxes, and taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him.

Government mandates and regulations and all the accounting that goes with it now occupy most of my time. On October 15, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business?

Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck, you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and
generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been.

To restart it, you must stimulate it, not kill it.

Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine.

Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this?

It's quite simple.

If any new taxes are levied on me or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem anymore.

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

If you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steam-rolled the constitution, and will have changed its landscape forever.

If that happens, you can find me sitting on some foreign beach, retired, and,,,,

no more employees to worry about.

Happy New Year
Your boss



posted on Jan, 15 2009 @ 04:21 AM
link   
reply to post by Skittle
 


Admirable sentiment, but this is far from socialism my friend.

Socialism would have been if the soon to be homeless woman and a gang of her friends forced the woman to buy the house and give it back to her.

What you just saw is a prime example of charity. Don't confuse the two.



posted on Jan, 15 2009 @ 09:48 PM
link   
reply to post by Aermacchi
 


Aermacchi, not sure about your 'content from external source'...

ALSO, not sure of your point.

I think that 'Brace For Impact' is the best phrase that applies here...





new topics

top topics



 
61
<< 1  2  3   >>

log in

join