The Principle of Homes NEED Re-adjusting

Discussion in 'Politics' started by righteousdude2, Feb 12, 2009.

  1. righteousdude2

    righteousdude2
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    Is it that hard to see? Probably the only way this housing foreclosure mess ends is when the banks adjust the principle balances down to what the homes are now really worth, and re-write the loan to reflect just that.

    People will continue to walk away from their homes as long as they remain so far up-side-down that the monthly payments is simply throwing money into an endless "black-hole.:

    Why is this such a difficult thing to see, and fix? Or, is it that this country is so blind that they can't see beyond the nose on their face?

    Secondly: The NAU is not far from becoming a reality. I was just reading how bad things are [economically] in Canada and Mexico. I believe that the Chinese will eventually mandate that America form a Union with Mexico and Canada to bring about a more stable government.

    Just keep your eyes and ears open my brothers and sisters. The NAU will be the cure all for all this economic downfall.

    Third, and most importantly: According to the Bible, Gold will be the only thing of value in these end times. Start buying gold coins. It will be of value as the world moves to correct this economic free-fall!!!!

    Pastor Paul:type:
     
  2. KenH

    KenH
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    Don't you mean "principal"?
     
  3. matt wade

    matt wade
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    OK...let us know when you have the cash to foot the bill for this.

    Oh yeah, I remember you telling me once (and I quote) "In closing....try using your spell checker. It makes you look like someone who at least went to school." Guess your spell checker didn't save you this time! :laugh:
     
  4. hillclimber1

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    Another socialist idea, but in our current socialist mentality, one that makes far more sense than what's currently being inflicted on us.
     
  5. ccrobinson

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    Seriously? The Chinese are going to mandate...

    Can somebody tell me when the Chinese took over the world and were able to mandate things to other countries? I missed when that happened.
     
  6. JamieinNH

    JamieinNH
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    What happens if the market bounces back over the years and you're able to make a profit when you sell your house? Will you forefit any profit?

    Why did people buy a house they knew in their heart wasn't worth what they were paying for it?

    Why should I help bail them out?

    Are you in this situation? Do you see this as a way out of it?


    Wait, won't that suppose to happen some weekend last year? If, or when it happens, there won't be anything for us to do about it..

    There will still be lives to save, the Gospel will still need to the taught, and normal life will never be normal... How is that different from now?

    Do you want us to bail out people that overbought in their homes, or do you want us to buy gold coins? I don't think I can do both.
     
  7. LadyEagle

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    When borrowed billions of dollars from them for the bailout and stimulus deal. That's when. They own us and our grandchildren and great grandchildren now.
     
  8. JamieinNH

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    If you look at the national debt at the Treasury, China has owned us for many years now... If we're looking strictly at the debt we owe them. This stimulus isn't helping, but it's also not the leading point where they "owned" us in debt...
     
  9. windcatcher

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    No?
    Well maybe not.....the beginning.... but the bailout and the stimulus pkg is a definite way of digging the hole wider and deeper to bury us in.... when national debts come due and we can't even pay the interest!
     
  10. JamieinNH

    JamieinNH
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    Uhm.... hello... I agree with you, I said in my OP.. "This stimulus isn't helping...."

    ie: This stimlus isn't helping us get out of debt from China..
     
  11. righteousdude2

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    Spell Check Let Me Down

    Spell check showed I spelled the word correctly, I just used the wrong "principal/principle".:laugh:
     
  12. righteousdude2

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    The Asians OWN America

    We are so in-debt to the Asians that should they get tired of our failing economy, they can call us on it, foreclose on our debt, and tell us what they require. This is fact, brother, and it could happen should we not get out of this economic hole.
     
  13. canadyjd

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    They wouldn't do that because we could just print the money and give it to them.

    That would, of course, make the money worthless, but they would have been given their money.

    The Chinese have a vested interest in keeping our economy going.

    peace to you:praying:
     
  14. righteousdude2

    righteousdude2
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    The Answer to Your Question is....

    The government, or bank, simply have the home owner sign a release giving them the right to any profits made off the home in the future [from a refi or sale]. My gosh Jamie, do I have to spell everything out for you:laugh:

    And, to answer your other question....if the Word is right about the last days, gold will be needed to by a loaf of bread. So buy the gold, so you can buy the bread in the coming days.

    Finally, when we switch over to the NAU, things will not be as they are right now. One thing for sure will be the laws imposed upon the church. All one has to do is look at the EU and Canada to see the Socialistic restriction on the right to freedom of speech from the pulpit [i.e., homosexuality is one issue that will NOT be tolerated in the new America].

    Hope that helps with the answers to some of your questions, Herr brother?
     
  15. righteousdude2

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    Their Only Interest in America is....

    the taking over of this nation without a gunshot being fired. You know that, as well as me. Sure they have an interest in America, but, that interest is in seeing us slide into the position of a third-world nation. They want to be the number-one kid on the block, and America is just about the only mountain in their way.

    As for printing the money and giving it to them. If the money is not worth the paper it is printed on, they could refuse that type of payment, and assume control over all this nations real assets. They hold the note on America. They aren't stupid, nor are they inept. They loaned us the money with strings. If we can't get out on our own, they will step in and take control.

    America is heading toward third world status. Even the EU is mostly a group of third-world nations banded together to be one large voice. That is the rationale behind the NAU, and that is why it will one day be a reality. However, the Church may not be here to see that day [the Rapture], I hope.:wavey:
     
  16. rbell

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    Banks adjusting balances will not fix the problem. The houses are worth what the market says. Artificial manipulation will cause more problems than it will solve.

    Why is that the fault of the banks? People walking away from their homes because they are upside down...how is forgiving that debt going to help? Ethically, they still owe it. And then, the banks are taking a hit because people don't have the ethical kahunas to pay what they pledged to pay...and because people were unwise in securing mortgages that could rocket up in rates. Dave Ramsey calls much of this "stupid tax." For the most part, I concur.

    So...adjusting balances on homes so that people who bought houses they can't afford can make it...that's a "simple" solution? And those of us who disagree with that approach are "blind?"

    No thanks.
     
  17. JamieinNH

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    Yes, with some of your hair brain ideas like this one, yes it needs to be spelled out... :rolleyes:


    I am not doubting that times will get touch for Christians in the final days, but I also have no doubt that God will provide for a true and willing Christian in those days.

    Homosexuality NOT being tolerated... hum.. maybe we should push for this union to happen sooner?

    Also, when is it gonna to happen again? I thought it was last year, now it's on the horizon again? any weekend look good to you? or have you gotten better at predicting without giving dates like some of the TV people....

    Well you didn't answer one question... Are you liking this idea of the banks buying out the upside part of your mortgage because yours is currently upside down?
     
  18. righteousdude2

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    No Date Predicted...

    No, to your last question. However, we live in an area of California where people have lost everything in their homes, and know many are losing that last personal belonging, the American dream [to own a home]. My home, and it's position in the market is none of your business. I am feeling for those who have lost everything and their home to boot. I see the need to buy down the over abundant values of their homes to a realistic value, and that could help end this recession, because people will stop losing their homes.:thumbs:



    I am not about to give a date as to when things will come to pass. I do believe, from what I've read, will happen. It's just when. This is not up to me, and you, of all people, should know that. When the subtle, and just plain overtly changes take place, you will know it, and you will look back and say, "Wow! That guy on the forum was right on."

    Pastor Paul:type:
     
  19. carpro

    carpro
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    The whiners need to gut it up, honor their contracts, and pay their debts.

    Mortgage companies and banks owe them nothing at all for a decrease in value. An alternative view would be for the mortgage companies and banks to increase the principle balance when the value increases.

    Do you like that idea as well?
     
  20. JamieinNH

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    I agree with you there. People that get into a mess got into it on their own. Nobody held a gun to their head. Now things are down people are looking for hand outs and bails out and such, but as you put it, their sure won't want the banks to raise the principle when things are good or when they sell and make a profit.
     

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