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Was this their plan all along: BUY TO RENT?

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posted on Jul, 10 2013 @ 11:46 PM
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Originally posted by samkent
reply to post by qwerty12345
 




the only thing the average person owns is debt

Because the average person can't wait until they can afford an item.
Don't blame the banks for loaning money.
Blame the person for borrowing what they can't repay.


This is the MANTRA of those who seemingly do no wrong... "Blame the person for borrowing what they can't repay." This judgement of others is terribly worn out. When it comes to the average guy that caught up in the last crash, I do not think their intention was to go broke, lose a home, declare bankruptcy and walk away brushing the dust off themselves and carry on. Most of the people I know that went broke were hard working and honest people, albeit gullible, that made mistakes and in many cases just plainly got screwed. The banking industry does not need any more shills to back them; they have the government and unwittingly, the backs of American taxpayers to bail them out in their time of need. Ya, ya some repaid the debt...but the fact is help was there for those "too big to fail..." that did fail and were propped up by OUR money.

People like you must really think the millions who fell victim to the bubble burst had planned it all along? Really??? YA Think???

In seems laughable that anyone would bash anyone about debt in an economic system that is based on it, and then, in a country that has debt into the TRILLIONS of dollars. Lead by example, as they say; the ducklings are in line with mama duck.




posted on Jul, 10 2013 @ 11:58 PM
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reply to post by etombo
 


Well BRAVO to you! Geez, a medal for this couple Holmes!

SO let me get this straight... the PEOPLE that borrowed and failed are to blame because they borrowed too much with the BANKERS cheering them on YOU CAN DO IT---YOU CAN DO IT, and the BETTER PEOPLE pointed their fingers and let them FAIL (whilst stroking their own egos for surviving the "bubble bursting"), while simultaneously the too big to fail BANKS FAILED (in the SAME CRISIS mind you), yet the greasy bastards slid right through on a WELFARE handout while being cheered on by the RICH and the ALL too ignorant to see the sleight of hand...

Lather, rinse, repeat...



posted on Jul, 10 2013 @ 11:59 PM
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reply to post by odd1out
 


Just to put this story about taking mortgages out without ever intending to repay them -

I read a story from a 20 - something year old from PA here recently that said many of the young people going to college were signing up for school and then when their "student loan" came through - just took the money and stopped going to school - with no intention of repaying the "gov't loan".

Had a hard time believing people would go through that much trouble to not attend college - brought the story up to the 20-somethings I work with - Yea, they all knew a bunch of people that have done that - with absolutely no intention of going to school, or paying the money back.

Studen loan Bubble - next on the horizon.



posted on Jul, 11 2013 @ 12:07 AM
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reply to post by Happy1
 


Yes of course, there are always those that will abuse a liberal lending system...20 somethings...if they really wanted to stop this kind of abuse they easily could by creating "obstacles" like enrollment and performance requirements. BUT THEY DON'T...and it's seemingly a calculated method of enslaving people in debt because they do NONE OF THAT. But this is another thread, another time.



posted on Jul, 11 2013 @ 12:11 AM
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reply to post by odd1out
 


But, can you see the corralation I was making to having gov't loans given to people who stupidly thought they could afford a $250,000 house on $30,000 of income a year?



posted on Jul, 11 2013 @ 12:19 AM
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Because the average person can't wait until they can afford an item


Yeah, people should never buy a house and car until they have $200,000 in the bank.
Forget that 99% of people in this world couldn't save that much even if they wanted to.

Yes these bankers are scammers and schemers, if not outright criminals. They are destroying our society.

Too bad Americans are too worried about assault rifles and flag pins to worry about anything actually important.



posted on Jul, 11 2013 @ 12:29 AM
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reply to post by etombo
 


No friend, I don't in fact wish that upon anyone whatsoever. I'm quite well adjusted and accepting of the way things are. Simply stating that it's beyond our power to undo the slippery slope for the "poor" in a rich-get-richer world. The "elite" will always find a way to take advantage of every situation.. such as this.

Back to the topic at hand... this situation doesn't scream 'preplanned' to me. Just the elite using their resources to increase their wealth/influence/power. That's the name of the game.



posted on Jul, 11 2013 @ 12:29 AM
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reply to post by CB328
 


Or gay marriage, or abortion.



posted on Jul, 11 2013 @ 11:43 AM
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hmm....

people who got "scammed" out of their money and assets?
gay marriage?
abortion?

how are these all linked in the same way..?



..here is the "clue"

because they "borrowed too much" with the (INSERT LABEL HERE) cheering them on YOU CAN DO IT---YOU CAN DO IT, and the "BETTER PEOPLE" pointed their fingers and let them "FAIL"


 

..it's a lonely world when you know too much



posted on Jul, 11 2013 @ 05:32 PM
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reply to post by odd1out
 


So would you say that most people are incapable of making fiscally responsible decisions? I'm putting more faith in people to make the right decisions here rather than lean on an institution to make those decisions for me. I want to keep some accountability in the consumer, you want to remove it? There is nothin wrong with what I said, we were looking out for ourselves, then I'm a bad guy for pointing out that fact?



posted on Jul, 11 2013 @ 05:36 PM
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Originally posted by highfreq
Its examples like these that further my opinion that a complete system reset is in order......As long as we continue with the status quo, there will always be evil and devious people ready with a new plan to profit off of someone else's loss and demise.


Exactly why all this "violence is bad" stuff came about.
It was never about normal victims but about saving THEMSELVES from becoming potential victims in the process.

Now the only option is to "vote them out" LOL. yeah because evil people sure love to listen to reason right?



posted on Jul, 11 2013 @ 06:01 PM
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Originally posted by samkent
reply to post by qwerty12345
 




the only thing the average person owns is debt

Because the average person can't wait until they can afford an item.

Don't blame the banks for loaning money.
Blame the person for borrowing what they can't repay.



I agree to a point, though some people are financially responsible, and might even have a down payment, but still cannot get approved. When renting an apartment/home is more than actually owning a home (including taxes and insurance), yet no one will lend money for mortgages, you can no longer blame the average person. When does the housing system start working for people who SHOULD be able to get a loan.



posted on Jul, 11 2013 @ 06:25 PM
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This is your typical who came first discussion, was it the bankers who lend money to people who couldn't afford it, or was it the people lending money for something they could afford.

IF by now people still can't see, this crisis is manmade, and only for one purpose. WE OWN TO MUCH. and by own I mean land, a house a car, something they have no control over.

They are losing the leverage, even your average joe is getting smarter and productivity i going downhill. Look at Greece, spain, the southern country's of the EU soon to be replaced by your country ( or mine ). They are selling history/land/ monuments to the highest bidder just to survive.

A big problem that caused this is the fact the people can't let go of wealth ( artificial but who cares right ). Trying to compete with your neighbor by have X inch bigger rims.

The world needs a reset and expect it within the next two years. Those who live by comfort will lose their mind. Those who got mind over matter? will have a hard time but survive.



posted on Jul, 11 2013 @ 06:50 PM
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reply to post by 1curiousmama
 


Home prices are increasing and interest rates are at historic lows.



posted on Jul, 12 2013 @ 02:35 AM
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Originally posted by etombo
reply to post by 1curiousmama
 


Home prices are increasing and interest rates are at historic lows.


Sounds like a commercial I heard 2 hours ago.

It also sounds like a commercial I heard 7 years ago.

But it isn't really a surprise. Low interest rates mean easy money, easy money means investors (Wall Street, pension funds, insurance companies, blahblah) get to borrow easy money to speculate on future returns, which means a rise in equities(such as real estate). 7-12 years ago people and investors, I guess you can say they are all investors, were borrowing money to buy homes as rental income. History repeats but dang the cycle seems to be going faster.

The fishy part is that 7-12 years ago, the unemployment rate was rather low. I don't know why investors are getting into the rental income game and purchasing properties at strangely high prices when unemployment is high and wages are stagnant. I have a feeling that the screwing is going high and deep this time around, i just can't put my finger on it.



posted on Jul, 12 2013 @ 08:11 AM
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reply to post by Senduko
 




The world needs a reset and expect it within the next two years.

This is another one of those 'end of the world' predictions.
Not gonna happen.



posted on Jul, 12 2013 @ 08:36 AM
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reply to post by odd1out
 




SO let me get this straight... the PEOPLE that borrowed and failed are to blame because they borrowed too much with the BANKERS cheering them on

Yes.
Banker: Your first year payments are $500 per month. Then it jumps to $1000.
Borrower: Ok Where do I sign? (thinking: I can't really swing $1000.)

Who's fault is that?
Do you really want some entity telling you "You can't buy that house'?

"I'm sorry sir. Your driving record won't allow you to purchase this Mustang."
"I'm sorry sir. Your medical stats won't allow you to buy a 32 oz cola."

People are stupid. You cannot save them from themselves.
Payday loans? Do you blame the mom & pop mini bankers?

Fiscal responsibility starts young. People feel entitled.





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