Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
The news media is bought!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="The Other Side" data-source="post: 2097934" data-attributes="member: 17969"><p>No, you dont get it no matter what is placed in front of you.</p><p></p><p>YES, people are responsible for their own decisions, this is true, however, in the system created in the BUSH home ownership society, homes were being sold with big promises and flat out lies.</p><p></p><p>If that wasnt true, there wouldnt be PREDATORY LOAN LAWYERS making a killing right now in this country. 1 in 3 loans initiated during the BUSH administration fall under the predatory loan provisions and those homes are either in litigation or negotiations.</p><p></p><p>These types of loans are in the tens of thousands and affect all kinds of americans across this country.</p><p></p><p>Let me ask you this, IF THERE WAS NOTHING WRONG with the BUSH home ownership concept and ALL the provisions set forth after it was introduced, WHY were so many mortgage companies indicted, sued or gone out of business after filing for bankruptcy?</p><p></p><p>Prior to the home ownership society, NONE of this was happening.</p><p></p><p>People will only do what they are ADVISED to do, and home buying was made TOO EASY under BUSH, just to hit some ridiculous number BUSH established in 2002.</p><p></p><p>Asking for 7 million new homes to be built and sold required a complete watering down of the home buying process, and for that, Americans paid a huge price.</p><p></p><p>YES, they should have read and understood the mortgages they signed, but the hype was about growth and rising home values at the time the loans were written. Its easy to see how a person could enter a home loan that they couldnt afford simply speculating on flipping the home for a higher price and cashing out in less than 5 years.</p><p></p><p>For some, that worked out well, for others, they got creamed and lost the home.</p><p></p><p>Now multiply that scenario times 6 million homes and then ask yourself if the home ownership society was a project that should have been initiated.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 2097934, member: 17969"] No, you dont get it no matter what is placed in front of you. YES, people are responsible for their own decisions, this is true, however, in the system created in the BUSH home ownership society, homes were being sold with big promises and flat out lies. If that wasnt true, there wouldnt be PREDATORY LOAN LAWYERS making a killing right now in this country. 1 in 3 loans initiated during the BUSH administration fall under the predatory loan provisions and those homes are either in litigation or negotiations. These types of loans are in the tens of thousands and affect all kinds of americans across this country. Let me ask you this, IF THERE WAS NOTHING WRONG with the BUSH home ownership concept and ALL the provisions set forth after it was introduced, WHY were so many mortgage companies indicted, sued or gone out of business after filing for bankruptcy? Prior to the home ownership society, NONE of this was happening. People will only do what they are ADVISED to do, and home buying was made TOO EASY under BUSH, just to hit some ridiculous number BUSH established in 2002. Asking for 7 million new homes to be built and sold required a complete watering down of the home buying process, and for that, Americans paid a huge price. YES, they should have read and understood the mortgages they signed, but the hype was about growth and rising home values at the time the loans were written. Its easy to see how a person could enter a home loan that they couldnt afford simply speculating on flipping the home for a higher price and cashing out in less than 5 years. For some, that worked out well, for others, they got creamed and lost the home. Now multiply that scenario times 6 million homes and then ask yourself if the home ownership society was a project that should have been initiated. TOS. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
The news media is bought!
Top