 Bush's bailing out of the irresponsible |
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| Bush's bailing out of the irresponsible |
 Dec 11 2007, 08:59 AM
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#76
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Group: Admin Posts: 6,906 Joined: 22-February 06 From: Austin Member No.: 9  |
QUOTE (impala454 @ Dec 10 2007, 10:13 PM)  btw just saw the news mentioned WaMU is cutting a shit ton of jobs because of this subprime mess. bummer. Ouch. Doesn't surprise me, though... a lot of banks are hurtin' big time because of this. http://en.wikipedia.org/wiki/2007_subprime...siness_entities -------------------- |
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May 23 2008, 09:53 AM
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#77
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 Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
http://www.nytimes.com/2008/05/11/business...amp;oref=slogin
People can't afford their homes so they default, move out, and put stuff in storage, then they can't afford the storage unit. I'm not sure these folks were responsible enough to have loans... -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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May 23 2008, 10:28 AM
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#78
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 Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
Honestly I have noticed a huge boom in storage units. We have one nearby that went from a few rows of units to about 15, plus some giant ones in the back and a huge area for RVs/Boats/etc.
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May 23 2008, 10:33 AM
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#79
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
QUOTE (Hartmann @ May 23 2008, 10:53 AM) I'm not sure these folks were responsible enough to have loans... Well obviously they could afford the smaller payments, because these problems didn't occur until the loan rates hit their increase. So its not that people weren't responsible enough to have loans, they just shouldn't have gotten as much as they did. Still mostly the loan company's fault IMHO. It's like handing a kid a bucket of candy and letting him decide how much is ok for him to eat. |
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May 23 2008, 11:24 AM
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#80
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Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (impala454 @ May 23 2008, 11:33 AM) Well obviously they could afford the smaller payments, because these problems didn't occur until the loan rates hit their increase. So its not that people weren't responsible enough to have loans, they just shouldn't have gotten as much as they did. Still mostly the loan company's fault IMHO. It's like handing a kid a bucket of candy and letting him decide how much is ok for him to eat. I should have rephrased, yes they should have been given smaller loan amounts but the person should have looked at the terms and said, "wait, my rate could go up?". -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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May 23 2008, 12:09 PM
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#81
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
I don't even care to have a big expensive house... I wish I could find a small-mid sized 2-3 bedroom house that has a HUGE garage and a fair amount of land.
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May 23 2008, 12:27 PM
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#82
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Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (impala454 @ May 23 2008, 01:09 PM) I don't even care to have a big expensive house... I wish I could find a small-mid sized 2-3 bedroom house that has a HUGE garage and a fair amount of land. Tomball? Or you could live somewhere off 225. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
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May 23 2008, 12:32 PM
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#83
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
yeah tomball is the complete wrong direction for me, but yeah the 225 area, Deer Park, Pasadena, Baytown, Longview, etc is where I'm lookin. Just hard to find exactly what I want. I think a lot of people are hesitating selling their homes right now. I know I'm still not even gonna try to sell my house in Lubbock until the market gets better. Also still got a card I'm almost done payin off before I snag a second mortgage.
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May 23 2008, 12:37 PM
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#84
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 Group: Members Posts: 2,329 Joined: 20-June 07 Member No.: 1,243 |
QUOTE (impala454 @ May 23 2008, 01:09 PM) I don't even care to have a big expensive house... I wish I could find a small-mid sized 2-3 bedroom house that has a HUGE garage and a fair amount of land. We got a 3 bedroom with a nice size garage and a fucking par 3 backyard  It's gonna be baller when we get the deck finished, build an actual firepit, and get an above ground pool Of course, my pleas to put a Moonwalk or a ferris wheel in the backyard are falling on deaf ears --------------------   |
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May 23 2008, 12:51 PM
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#85
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Group: Members Posts: 10,620 Joined: 23-February 06 From: Houston, TX Member No.: 48 |
sweet
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