whoever pays mortgage nowadays is an idiot, see how people manage not to pay mortgage and face no eviction at all http://www.youwalkaway.com/ Be smart and live your life
Yes, of course they have the right to defend themselves. But the wells Fargo memo makes it looks like they will be pursuing their clients. The banks made the mistakes. They failed to do the proper dd. Now they want a chance to do it correctly? The public will be pushed to the point of revolution should other banks jump on the "oops we made a mistake, now we will punish you for it" bandwagon. Think long and hard wells Fargr Everyone will Lose in the end.
My reaction to this is that EVERYBODY IS GREEDY. Seriously, it's human nature to have that drive. It's what drives progress. It was greed that drove Bill Gates for all these years, and that's the kind of greed I don't have a problem with. On the other hand he's been very generous with his money, so...there's different kinds of greed. The first kind (good or bad) is human nature and I have no problem with it.
My wife and I played by the rules. We never missed a payment and we carefully chose a 15 year mortgage we could afford on one income. We'll be paid off in 5 years. Fuck, that's quaint isn't it? These McMansion squatters need a swift boot in the ass. Yes I'm smug and goddamn bitter too.
http://www.city-data.com/zips/18954.html http://www.city-data.com/zips/18940.html http://www.city-data.com/zips/19020.html http://www.city-data.com/zips/19007.html http://www.city-data.com/city/Levittown-Pennsylvania.html the list is pretty fucking long, but the bottom line is simple-do your home work,pick and valuate property carefully, don't buy more that you NEED and CAN AFFORD and you should be just fucking fine here is random pick..just to compare- http://www.city-data.com/zips/34231.html i'm pretty sure there is plenty of fucked up prices in FL. specially in miami area..too lazy to dig some zip codes of that place..
Yeah, it looks like your value held up, but you never got the apprieciation either. There are some places like pittsburgh where property value hasnt changed in 40 years. bought it 40 years ago for 50k, sell it today for 50k. pretty bad investment, but if you just are looking to live there, it works.
um yea, those prices are pretty damn inaccurate and have no basis in reality. i plugged in zip codes that i know have gotten killed... whaddya know, just peachy.
Yeah, exactly. Doing the right thing takes a pretty big chunk of one's income...I've been saying for months that the surprise strength of retail is all that money freed up by the deadbeats and others who are living off the government, spending their money on trinkets and such. Really, if you add up a mortgage, property taxes, assessments and other such items, it's such a chunk of change..now imaging that money being diverted into the retail and entertainment sector.