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Originally posted by skeptic_al
reply to post by iceman22
I never really cared what was happening inside the USofA, and for quite a was amusing to watch. But when you look at all the news from 5 years ago about, the White House, FBI, CIA, Homeland Security, Police, Laws Changed, Rights Lost, Wall Street, Bankers, FEMA the list goes on and on and on and on. It actually scares the crap out of me Now. I do feel relatively safe down under, but afraid the US based Cancer/Paranoia will be exported Wolrd Wide.
US is... a major player in the crazy world,
Originally posted by ghostfoot
My husband and I can keep our food costs down to $40 US a month for the both of us (3 meals a day) but he is from Asia and he knows how to shop and cook good. We eat mostly rice and pastas veggies , eggs. and hardly any dairy .Not too much meat, if any, only on special occassion. A lot of seafood( I know that can get expensive we eat that because it is healthy)
...to say that people just spent way more than they could afford is too easy an explaination I think.
If our top economic heads, the gamblers of wall street, and our politicians can sit there and claim that they were blindsided by the housing bust, then I surely think that the rest of us can surely have the right to use the same excuse!!
People who thought they had stable jobs are finding themselves without those jobs, people who thought they had retirement funds are finding that they no longer exist, and people who thought they owned their house free and clear, with no mortgage are finding that they have to hire expensive lawyers just to prove to the court that a bank doesn't have the right to foreclose on them!!!
The people have been, are being scammed by those in power, and under those circumstances.....that old...well, they got in over their heads is no longer fitting!
Originally posted by illuminnaughty
reply to post by DaWhiz
Its the rich banksters who are at fault. Wall street financed the russian revolution. Which gave hitler the chance of getting into power. Screaming about the russian commies. Ford built tanks for hitler. Prescot bush and others, also helped finance hitler. Then when that war started, which was created by the wall street banksters. The USA sat on its ass, until the Europe was on its knees. Then they came into the war and SOLD their help to the allies/ friends. The rich banksters are the ones to blame. The ordenary americans are just like the rest of us. SLAVEs to a system thats a crock of chit. I hear americans always going on about the constitution. What that god dammed scrap of paper, as the grand son of a nazi financer said. I often wondered if he had a picture of his grand dad, in his nazi uniform on the white house wall.
Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and industry experts say more people will miss payments because of job losses and also loans that exceed the value of the homes they are living in.
"2011 is going to be the peak," said Rick Sharga, a senior vice president at foreclosure tracker RealtyTrac Inc. The firm predicts 1.2 million homes will be repossessed this year.
The blistering pace of foreclosures this year will top 2010, when a record 1 million homes were lost, RealtyTrac said Thursday.
Originally posted by TKDRL
reply to post by ImaginaryReality1984
Sold their homes to whome? Not many people are looking to buy until they are sure it hits bottom. Then the rich that can afford will pounce and make a boatload more money.
Originally posted by againuntodust
Originally posted by soficrow
Originally posted by againuntodust
...not to be harsh, I know 22,000 for a family of four is hard, but it is definitely do-able - even without government help. Been there. Done that.
I'm sure you have, as have many other members here. But this story is about the middle class - think debt-load, and people trying to hang on to their homes, pay bills and avoid bankruptcy.
SAMPLE BUDGET ............ Month ................. Year
Rent or mortgage ................ $1,200.00 .............. $ 14,400.00
Utilities ............................. 300.00 .............. 3,600.00
Minimum Charge Card Pmts. 500.00 ............... 6,000.00
TOTAL ............................................................ $ 24,000.00
So let's play - where ya gonna cut $2000. - never mind find money for food?
Numbers don't lie (although 500 for credit cards a month is a lot). Thing is, if you're no longer making enough money to live in your house you have to move. There are lots of subsidized housing units available for low-income families, where that 1200 a month can turn into something much more manageable. Same with utilities, there are plenty of programs that can drastically reduce what you pay in utilities based on what you earn... and sometimes credit card payments will have to not be made if it's a choice between that and food.
In the end, though, it's all about survival. Anyone in the situation to stand in line for free food has my sympathy.