i drive a honda

if you vote for the homeowners:

questions for you:

-do you watch fox news/ fox's channels on marketplace/etc (they share the same opinion)

-agree with mccain/palin? will vote for them?

this one is out there (just want to hear the mind set)
-agree with the small faction of people that truly belive:

obama is a terrorist and deserves to die?


not here to sway any opinions just wanted to know



Modified by i drive a honda at 10:26 PM 10/10/2008

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97accord - 96 itr's, grey/black interior swap, 2.2CL seats.

93civic- k24/k20 project
^^^ usually forget to list cars in tech sections

GSRWSU

Combo of both?

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93 Honda Civic 4 door, GSR swap - daily driver
2003 Acura 3.2TL -

Mullet_SyTy

You cant tell me someone making 45k a year seriously thinks they can really afford a 350k home? That is exactly the situation in North Las Vegas.

Both are at fault!

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The more things change, the more they stay the same.

Nexx

Well since the median household income is about 45k~55K that would make a lot of people in the United States at fault. A lot.

Pinkertinkle

Homeowners. If you're poor you should know your limits.

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Cabby89

Also you can toss in a good amount of others also. For example the government making the banks give loans to people who normally would not have qualified because of their economic class.

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DA SQUAD member #179

Cabby89

Just those who bought houses that they could not afford the payments on a $200k+ mortgage. Cause I am sure their are a lot of households making that and either renting or own a home less than $150k.


By the way most of the people caught up in this, are not capable of understand what they got themselves into and do not look toward the future on if they have the ability to pay for it if interest rates rise or such.

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DA SQUAD member #179

Nexx

A lot more variables involved than two. Can't point the finger at just one party...

I think a better question should be: Who is MORE responsible?

Knightsport

The answer is both and neither.

The home owners were at fault for not inquiring what would happen if the interest reset on their ARM they used to buy a house they couldn't otherwise afford.

The lenders are also at fault for not making it clear that the home owners payment would not always be $500 a month.

Lastly, neither are at fault because the Federal Government used a budget condition to push everyone into a home. The Federal Reserve kept dropping interest rates which has the effect of spurring the lenders to freely loan money.

So the answer is all of the above and none of the above.

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“I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road.” -Stephen Hawking

Fook_me_honda

I believe its the greedy lenders. The way i see it its like the pedophile preying on young kids with candy. The kids are just too stupid to know whats really going on or going to happen.

>Insert pedobear here<

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Official never going to be in the EKsquad Squad #1 .

siR cr-x

Both

i drive a honda

same way i see it, its like scamming someone then writing it off as the person who got scammed is stupid.

same with theft victim etc

( which is a young man's attitude)

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97accord - 96 itr's, grey/black interior swap, 2.2CL seats.

93civic- k24/k20 project
^^^ usually forget to list cars in tech sections

kala4nia

Low interest rates for too long, homeowners wanting a piece of the american dream at any cost, lenders wanting to broaden their customer base, and mostly high risk mortgages bundled and packaged up as great investments. Homeowners don't plan on skyrocketing prices in energy and food. The banks charged higher interest rates to higher risk customers, and also made them pay mortgage insurance. Homeowners engage in a contract, and once they violate that contract (by not paying), the situation is remedied by foreclosure. That deal is then over and done and they are no longer responsible for any damages or blame.

Banks are to blame.

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Nameless Warrior

Uhhhhhhh NO! The fuucking home owners know they can't afford shit, and they still buy it anyway. That's just how dumb Americans are...sad but true. Face the fuucking fact. If I give you the gun..and you put it to your head and pull the trigger...ultimately it's your fault.

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Knightsport

Seriously, it is everyone.

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“I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road.” -Stephen Hawking

Fook_me_honda

/\ unfortunately that's not the right idea. Now if you said that you gave someone a gun, and then persuaded them to pull the trigger saying that they will get into heaven no matter what happens. Then that'd be correct.

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accord95vtec

x2

(except me)

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Knightsport

Recession? What recession?

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“I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road.” -Stephen Hawking

kala4nia

Used car dealers sell cars on credit and people default on them all the time. They repo the car, take the profit or loss and move on. They charge high interest rates to compensate for the high risk.


If you spend money to open a business, invest in the stock market, bet on sports or in vegas, all of these are a risk/reward situation.

What percent of the houses in the USA are actually in foreclosure or bank held? What about the other 9x% that are profitable?

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accord95vtec

it kinda makes you really think about how much shit has gone down these last weeks as 'being in a recession' has been the least of our worries.

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Backk InTheDA

x2

It's not the banks job to find out what the homeowners spending habbits are. I have no sympathy for any clown who was living far above their means to project 'that' image.

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Knightsport

I honestly haven't felt a thing.

My funds are all taking a hit but such is the nature of the market. It'll get back up there. It certainly makes a strong case for personal liquidity.

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“I have noticed even people who claim everything is predestined, and that we can do nothing to change it, look before they cross the road.” -Stephen Hawking

Nexx

But since it's your gun and you're giving it to someone else to look at, shouldn't you take out the magazine clip, double check the chamber to see if it's empty first?

Just messing with you. Always treat a gun as if it's loaded and never point a firearm at anything unless you intend to destroy it. 2 of the 4.

HYREV2NR