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Slavery Is Debt - And Who Owns Ya Baby.

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posted on Jun, 30 2011 @ 11:16 AM
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Originally posted by boondock-saint
It is a complicated calculation
when TPTB intentionally sabotage
the economy to cause the housing
bubble to burst for the sole intention
of stealing your property on the back-end.
It becomes a crime at that point.


If you chose to complicate your financial decison making with paranoid fantasies like this, then that's your funeral. In general, house proces rise and fall with demand and excessive demand due to speculation and the silliness of banks lending money to people who stupidly over extend themselves, just distorts markets.


Originally posted by boondock-saint
Paying off your mortgage depends entirely
on a person(s) staying healthy and employed.


I'm afraid that anyone with a bit of sense would weigh up their personal risks and have some insurance agianst those risks. Life is risky and you can pay to mitigate the risk. If you default aginst your mortgage, then the bank is entitled to ask for the outstanding balance. It is the way the world works and generally speaking it does work quite nicely.

The recent bank inspired crisis has been due (in a large part) to banks lending to people who they should not. Banks are guilty of not understanding their own environment.

Regards



 
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