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Have you seen a deadbeat?


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2011 Nov 26, 2:47pm   34,800 views  91 comments

by seaside   ➕follow (0)   💰tip   ignore  

I heard a lot about them, but personally never seen one, till today.

It turns out to be... a family I knew is one of them. They're nice people, never thought they're one of them. They bought 800K home w/ very small downpayment, Right after they bought the home, they took a loan against it, openned coffee shop businese. The businese was not successful, so they decided to get the hell out of both business and the house. Right now, they're living 2 years without paying mortgage. Foreclosed, but you know, it is like taking forever.

Something that made me feel uncomfortable is that, they look so happy. They even talking about how much free money they've saved during those two years. It already is six figures.

Oh, man. That's how to get 100K using only 10K. Yeah, way to go.

#housing

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85   zzyzzx   2011 Nov 28, 11:55am  

CL says

Debtor's prison? Piffle.

I'd be OK with that, but I was really thinking more along the lines of ruined credit for life.

86   JodyChunder   2011 Nov 28, 1:19pm  

tatupu70 says

m, sorry, but you don't. With a stable population and a proper accounting for life spans, it can be self sustaining forever. It most definitely does NOT need an increasing population.

yes I think your slipping ; D just for starters you got mor e bayboomers retiring then what there is of younger generation to put them up. also our goverment keeps raiding the funds. read up

87   JodyChunder   2011 Nov 28, 1:22pm  

yes one of my people worked at the SOCIAL SECURITY ADMINISTRATION OFFICE for 40 year. I get my stuff from him

88   sales   2011 Nov 28, 4:36pm  

well how many of you would call Donald Trump a deadbeat?
because thats exactly what he has done. and continues to advise people to do if underwater. walk away or stay and squat it out.
Its a "business decision" he calls it
Because hes rich, and perpetrates all kinds of unethical business schemes, hes not a deadbeat, but a "winner"

89   tatupu70   2011 Nov 28, 8:21pm  

JodyChunder says

tatupu70 says



m, sorry, but you don't. With a stable population and a proper accounting for life spans, it can be self sustaining forever. It most definitely does NOT need an increasing population.


yes I think your slipping ; D just for starters you got mor e bayboomers retiring then what there is of younger generation to put them up. also our goverment keeps raiding the funds. read up

OK--I think you are just trolling. No need to continue this discussion....

90   JodyChunder   2011 Nov 29, 11:18am  

tatupu70 says

OK--I think you are just trolling. No need to continue this discussion....

If i am a troll you are a little squirrel. fair?

91   JodyChunder   2011 Nov 29, 11:19am  

you got nothing...

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