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Theoretically: What happens if ALL homeowners stop paying their mortgage?


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2011 Mar 17, 6:04am   14,908 views  55 comments

by dcllee   ➕follow (0)   💰tip   ignore  

What happens if all home "owners" (those who still have a mortgage) decided collectively that they would stop making payments each month? As we can see the banks are already struggling to re-sell the homes people are walking way from. It will really show these bankers who's the boss, when they are left with a bunch of wood and brick. Would the government step in and make people pay their mortgage?

#housing

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51   ArtimusMaxtor   2011 Mar 19, 1:37am  

All of the teachers getting laid off. Collective bargaining all bullshit. Truth be told the tax base is eroded to the point that they can't afford certain things. Certain people get laid off first. It's like a food chain. Everyone on the food chain loves one another. Then the shit hits the fan and someone better do something quick.

So they bullshit it up. On national television. You will notice now in several states maybe even yours. For the people who have not been thrown out of their houses. They are going to make you say after they repeat it to you over and over. Say it back to them now. Education is wonderful and needed we love teachers. Then the counties that want and have to are going to raise taxes on you. See the National bullshit festival they just put on is something to key off of.

See you have to be some kind of true believer that loves altruism. To particpate, watch and love the national scene on TV. Your a good person. See that shitload of interest the banks make. Nothing to do with television and print etc at all. They own none of that. Believe it. In fact all they do is sit and stare at the piles and piles of money they made on credit cards. Residential homes etc. It's just fun to watch it grow. Your innocence is theirs also. Its all good.

52   solver   2011 Mar 19, 8:28am  

masayako2456 says

That’s impossible. Just a waste of time to think about that. It won’t happen ever. If it ever do, then home ownership is the last thing I’d worry about.

Well, in the early days they said going to the moon would be impossible, yet enterprise, ingenuity, talent and creative determination... put us there. If there's anything that we all should've learned in school, it's that "United We Stand, Divided We Fall".

Nomograph says

What a bunch of bitter people. I don’t think I’ve ever seen a thread on Patrick.net as steeped in victim mentality as this one is.

Waaah.

The [Fed, schools, unions, liberals, RE agents, conservatives, bankers, politicians, homeowners] are screwing me. It’s all their fault.

Waaah.

Injustice is injustice. This is "The Butterfly Effect". What happens on one level trickles down to all the other levels. In better terms, S__T ROLLS DOWN HILL. If you lure someone into buying a tainted piece of candy knowing that it's tainted and they get sick from it, is that just tuff luck?

Being a victim of a system of abuse is nothing new. How do you feel about gas at the pump? Is that right? After all, the oil continues to come out of the same wells, in the same way. Is it right, that because one sees a greater demand for it, that they rape you at the pump?

Look at the education system. Q: Why does it exist? A: To educate our children. Why then are the teachers among the first fronts of the cut backs? Why don't they go after the ADMIN first and some of the much higher paying jobs?

If you listened to Dave Ramsay, he would advise on cutting down your credit cards with the highest interest before paying down the lowest ones first. If we put that same philosophy into practice with our corrupt systems, America might be able to claim that they're DEBT FREE.

To me, I think that those with the highest paid jobs should be taking cuts first in all industries, both government and private. We need to abolish the corruption once and for all. The problems here and there are created by those whom the money trail terminates at.

Earth is the body and us humans are like the blood cells of it. When one goes out of whack the effects trickle down to something else. Right now the earth has cancer and it needs to get rid of it once and for all.

BTW- I drove out to Chaffey College to see who was doing the construction.
What I don't know is if all the funding is coming from some type of an endowment, or the likes. I was talking to someone and they told me that the project has been ongoing for a couple years and that there's been some significant improvements made throughout it. They didn't know the exact cost, but said they thought it was easily in the millions. If it was an endowment, I sure didn't see any public notices posted declaring it as so. Never the less, I got the name of the company on it. Here's a picture.

If you go to this website and click on the projects, you'll find a large number of state funded projects. www.bernards.com

53   solver   2011 Mar 19, 10:51am  

Not really, I live out here in the Inland Empire. I did the drive by after lunch at Wahoos. lol No you didn't victimize me. I'm sorry you're feeling victimized by my blog. You just happened to fire me off on a subject that's near and dear. Lot's of our friends are in a pretty nasty predicament and many of them are being victimized.

So, and since I do happen to cover a very large area of territory weekly, I'm going to make it a point to better support our teachers. After all, they do represent the future of our children and our country.

My being out a gallon of gas, is not quite the level of sacrifice that others are being MADE to make. The point of it all is, AWARENESS. Awareness of reality. Like NEO from "The Matrix", I've decided to see the truth for what it really is.

Conversations are happening in the shadows of everyday life. A few weeks ago, I met a passionate couple who are moving out of California for much of the same reasons as are discussed weekly in this blog, among other insecurities. The funny thing, is that many of us just don't know when to get out of the water. Some of us just haven't made that connection yet. Some of us don't need to.

One thing is for sure. If we don't get a grip on this, sooner, or later, we're doomed.

Beware of little expenses; a small leak will sink a great ship.- Benjamin Franklin

54   Clara   2011 Mar 19, 3:11pm  

solver,
You are just a retard. I don't waste my time on retards.

55   solver   2011 Mar 19, 6:06pm  

Well, thanks for the compliment. I'm proud to be this retard. What are you proud of?

Funny how people have to attack by name calling, instead of raising real issues to attempt to discredit someone. Well now, you sure told me and you did it in one bold sentence. Now what, GENIUS?

Just amazing. Congratulations, on being so articulate with your observation.

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