posted on Aug, 19 2012 @ 09:08 PM
Originally posted by jude11
Originally posted by neformore
reply to post by jude11
Sorry, but the idea is juvenile and stupid.
Think of how much its going to take to bring those homes back to a liveable standard and make them useful again to a community.
In fact, what kind of society do we live in where an act of stupid vandalism is lauded by people?
What kind of a Society?
A society that allowed the bankers to orchestrate a mass theft of property and dignity while giving the banks billions to help them line their pockets
even further. That's the society we are in and it's a sad fact.
Most of these people are hard working honest citizens who got caught up in the biggest housing scam in US history. And then they lost jobs because
their Govt. failed them in keeping jobs in the Country and then not creating any other jobs.
They bought houses with intent to pay but were just pawns and were never meant to keep that property.
The real question I pose is if this is unacceptable as a form of protest against thieves, what is acceptable?
Thanks ... that was my also point -- they were just pawns, used and kicked aside while bankers lined their pockets and the foreclosed, vacant,
non-maintained homes devalued properties as they are an eyesore to any community.
The only people who came out ahead here are greedy bankers. I agree, their heart wasn't in the right place when they sweet-talked 'eager to own
their own home customers' into loans they knew many would default on. They were literally banking on it.
These smooth-talking operators (sociopaths) knew if they approved these loans they would make out like bandits -- and they did. Maybe some homeowners
were deadbeat types ... but, I agree most had every intention of paying back the loan. Most people are hardworking and responsible and they want to
keep their home.They do not want to default on the loan and face F/C and have to tell their kids to pack up their bedroom because they can no longer
afford the house and they have to leave the house and their friends and change schools.
Many of them were told a pack of lies. "Oh, you could easily afford this, no problem... interest rates won't go up much because of blah, blah,
If they were told it's possible in a few years or so their mortgage payment would eventually double, I am sure these buyers wouldn't have walked
away, they would have run. Buying a home is a huge step and people know they can't live in the home for free. They know they will be on the street if
they default. It's every homeowners biggest fear before they sign on the dotted line. These people are not stupid. They were pawns used in a scam.
The greedy bankers manipulated the system to their advantage. They double-dipped by taking back the house instead of working out loan mods or other
agreements. They kept everything the homeowner put into the loan and then they got the market value of the home when the F/C process was completed and
then they turned around and sold the house for whatever they could get -- double-dipping. The bailout was 'for bankers only.'
As I said, they made out like bandits. In the meantime, while they lined their pockets, families with children are homeless.
I agree ... they used these people like pawns to get what they wanted. They knew many of them would default, but they gladly took their down-payment
knowing they'd get the house back and then some.