patrick.net

Screw the taxpayers - that is what America is all about. Get over with it.

Lie on your taxes, lie about your income to the bank, then lie about if you made the payment to the wife. In the end you will be richer and more liked. It is a dream that only can be real in America. No accountability is the new dream. Hard work is for the weak.

Yeah this is how the CCCP was run, to 'get by' or 'get ahead' you had to work outside the system(via fraud or within it by lying), most of thier 'actual business' was illegal black market - the biggest crooks were actually in the government of course. nice system we are building here.

Somtimes, I tell my married friends with stay at home moms what chumps they are for 'getting married' (im talking about the legal paper work not the 'holding hands in church part').

If they didnt get married thier wife with zero income and 3 kids would easily get S-8 free housing, welfare, free school lunches, subsidized or free healthcare and shit i dont even know about for free. BUT they filled out a form and get nothing. idiots! Thats like maybe 40k a year free shit right there. I know the courts might demand 'child support' but thats a joke since you are really shacking up and supporting them anyway so its a non issue.

My stance on gay marriage is this: NO MARRIAGE SHOULD BE LEGAL between anyone, regardless of same or different sex. thats fair. why do i want the feds involved in my sex life? insane. marriage should be like a barmitvah or a baptism, no one cares but at the church, purely ceremony.

PockyClipsNow says

outside the system(via fraud or within it by lying)

Sort of works different way here. First you make a law that allows you do illegal things legally(done by lobbyists)

This goes to show that integrity is for chumps now days.

Robbed the hardworking and prudent savers to fund the lifestyle of the over-leveraged spendthrift.

You may recall that the mortgage principle reduction plan was proposed by Obama very early in his term, and it was not received well for the same reasons stated here. Not only does it bail out bling spending HELOC trash, but also RE speculators. Obama's defense at that time was that if he did not do this, your home would lose value as your HELOC bling spending neighbor defaulted on his former piggy bank.

The mortgage fraud settlement agreed to by all US state AG's is being paid for by taxpayers. Geithner's Treasury is sending money to the banks to cover the principle reductions. Remember that the next time your state AG runs for office. Just say No!

E-man says

It's all about buying votes. Politic as usual. We'll see whether or not Romney can out done Obama. However, principal reduction is the best possible plan under the current environment.

Anyways, we asked for "change" and we got it. Be careful who you vote for. :)

Yup. In my opinion, anyone that is looking to buy this year is taking a big risk. It is an election year, and the candidates know that a great many people are being dragged down by their houses. Pandering to them will make for easy vote-buying, and I fully expect all sorts of silly "keep people in their homes, but you have to vote for me first" promises. I think that most people know this, and that it is part of why inventories are historically low. Would-be sellers are holding-out to see if they are offered juicy bribes for their votes. I don't blame them. If my financials had a wrecking ball taken to them via a house purchase, I would wait & see too.

RE investors seem to be going all-in as of now, which also makes the mix interesting (or frustrating if you are looking for your first SFH & are using conventional financing).