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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: cirrus who wrote (50785)	10/8/2008 6:59:54 PM
From: Shoot1st	11 Recommendations Read Replies (4) \| Respond to of 224729

Almost all of those neighborhoods are middle class with a small spot here and there that are exceptional in home values and/or income. All of them except Penn Hills are nearly 100% middle class non-minority. I wonder how many $500,000 mortgages are in default. Obumfart thinks if he taxes me he can skip the little guys....and as such, the little guys will vote for him.... the facts are if my taxes go up $15,000 a year when he's elected I'm going to reduce raises to my employees by $20,000..... I wonder if any of them ever thought of that......? dumb and dumber = liberal TH

To: cirrus who wrote (50785)	10/8/2008 8:06:23 PM
From: MJ	Read Replies (3) \| Respond to of 224729

OF COURSE ALLSTATE FINANCIAL HAS NO GREED----the greed is being put on the homeowners who bought into the house of cards pushed by the banks, lenders---------lets look at the whole group that profits when a house is bought and sold: 1. Listing agent who works for a Realtly broker The Realty Broker gets 6% of the total sales price when sold 2. House not in prime shape for sale - homeowners then encouraged to update the house------(no wall paper, scrape and paint white)-----if that doesn't help, then redo the bathroom 3. Someday the house sells------so standing in line are the following for their % of the sales: f. Home Inspector who values the home for a loan a. Your mortgage banker if you have a loan b. Title Firm that does the settlement c. New mortgage firm that you pay points to for helping the prospective buyer get a loan d. The State Taxes on the sales e. Title insurance f. IRS taxes if a profit is made g . Movers or storers--- This system developed because of the transient nature of our society------could it be simplied and changed. Accdg. to Dietz in the article------ "I think that you can chalk it up to greed," says Ray Dietz, of Allstate Financial who attributes the growing number of middle class foreclosures to greed on both sides -- the buyers who wanted bigger homes and the lenders who didn't even require proof of income to give them a mortgage. "It's a two-way street. You've got the greed of the borrower who's trying to buy a home they cannot afford, hoping that the home's going to continue to appreciate and move up in value and you have the greed of the lender who is purchasing the mortgages at the end saying, 'I will waive sound lending practices in order to make a larger profit.' " But others say that even people who could once afford their mortgages are now in danger of losing their homes -- put on the edge by loss of a job, sickness or just the increasingly high cost of living. End of article----mj observation----- Large and small companies go in and out of business. I spent an hour on the phone with a friend who will be without a job on Oct. 31st Halloween along with many others in the firm-------this layoff just announced with no warning will affect about 200 families. Some of these families have one income with disabled spouses at home----these are the people who played by the rules and now will feel the crunch. Were they greedy, I don't think so-----they are the typical American family attempting to make a living and support their communities.