Foreclosures are good.

[Hallelujah]

So if 93% of homeowners are just fine, foreclosing on the other 7% is good news. It lowers the comparables when you go in and fight for a reduction in property taxes.

And if I can make my house payments, why should I be concerned that my neighbor's house sold for $30K less?

[TripletDaddy]

I think this pattern of being banned/ignored on several message boards has little to do with your political views.

After all, you were ousted and totally unwanted on cougarboard, which is a haven for social conservatives.

It is apparent that you are simply a bit of a jerk, or at least come off that way online. Even people that share your political views don't seem to like you very much, so your continued reference to the intolerance of liberals does not apply. Jefe is not a liberal and he doesn't seem to enjoy your presence, either.

Just my opinion. Perhaps in real life you are very well-liked.

[wuapinmon]

So if 93% of homeowners are just fine, foreclosing on the other 7% is good news. It lowers the comparables when you go in and fight for a reduction in property taxes.

And if I can make my house payments, why should I be concerned that my neighbor's house sold for $30K less?

I stand by my assertion that you need to spend hours every day reading. A little education would peel the scales of intolerance, indifference, and ignorance from your eyes. I think you're probably a decent guy who needs a little education to be seen as such. Because, you come off as the complete opposite of how you probably view yourself.

You should be concerned because deflationary pressure can translate into full blown deflation. Your employer can't charge as much, you might get a pay cut, but your mortgage payment stays the same in dollars vs actual dollars. So, you should be very concerned we a house loses $30k in value. Your insurance company might fight your claim amount of replacement costs should you ever need it.

There are myriad other reasons......not the least among them is it's wrong to wish ill on others, comfortable in your current assertion that you can make your house note. It sounds a little like the Zoramites.

[Hallelujah]

I stand by my assertion that you need to spend hours every day reading. A little education would peel the scales of intolerance, indifference, and ignorance from your eyes. I think you're probably a decent guy who needs a little education to be seen as such. Because, you come off as the complete opposite of how you probably view yourself.

You should be concerned because deflationary pressure can translate into full blown deflation. Your employer can't charge as much, you might get a pay cut, but your mortgage payment stays the same in dollars vs actual dollars. So, you should be very concerned we a house loses $30k in value. Your insurance company might fight your claim amount of replacement costs should you ever need it.

There are myriad other reasons......not the least among them is it's wrong to wish ill on others, comfortable in your current assertion that you can make your house note. It sounds a little like the Zoramites.

The spin the politicians are putting on THIS program is that your value will go down. So what; is my question. Make your payment. Good to go. Use your house as a piggy bank or ATM machine, not good to go. That's my neighbor's problem, not mine. That's not wishing ill, it is called consequences. A mortgage banker friend of mine said that most foreclosures are a result of over-extending homeowners. They bought a house that was more than they could afford. They bought new cars and stuff they couldn't afford, hoping that their values would skyrocked and they could continue refinancing. That's not my fault and thus shouldn't be left holding the bag. That's not wishing ill on anyone. It's call consequences.

At least I applaud you for attempting to answer my question. No one else did....either because they agree or they can't come close to articulating a reasonable response that passes the sniff test.

[Babs]

That's my neighbor's problem, not mine.

Am I my brother's keeper?

[Hallelujah]

Am I my brother's keeper?

Sure. When they are destitute. Not when they are living in $1M homes and driving new cars. Sell them first, then we'll talk.

BTW, I will decide if I am my brother's keeper. The government should not tell me who I should help.

Remember the $700B TARP? No one knows where the first $350B went. And you trust the same folks to be my surrogate brother's keeper?

[Hallelujah]

I think this pattern of being banned/ignored on several message boards has little to do with your political views.

After all, you were ousted and totally unwanted on cougarboard, which is a haven for social conservatives.

It is apparent that you are simply a bit of a jerk, or at least come off that way online. Even people that share your political views don't seem to like you very much, so your continued reference to the intolerance of liberals does not apply. Jefe is not a liberal and he doesn't seem to enjoy your presence, either.

Just my opinion. Perhaps in real life you are very well-liked.

Did Hallelujah hit a nerve with the foreclosure post?

[Hallelujah]

Am I my brother's keeper?

My son is my brother's keeper. He just bought a 2007 Tahoe for $19,000. Found the sales receipt dated a year earlier for $36,900. Apparently both husband and wife are both in real estate and we know how that market has gone.

So he helped them offload a pristine Tahoe at a steal of a price. Although they lost their shorts on the value.

Does that count?