There actually is a curve of foreclosures that will overwhelm the system We've been there. Cash will be king for the fire sale of assets that is coming
Not to brag, but '07 was a great year for me.
And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.
There actually is a curve of foreclosures that will overwhelm the system We've been there. Cash will be king for the fire sale of assets that is coming
Not to brag, but '07 was a great year for me.
And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.
I'm looking to pick up an ATV and a UTV on the cheap.
There actually is a curve of foreclosures that will overwhelm the system We've been there. Cash will be king for the fire sale of assets that is coming
Not to brag, but '07 was a great year for me.
And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.
I'm looking to pick up an ATV and a UTV on the cheap.
You shoulda reached out last year when a guy I know went on his semi-annual coke binge and fire-sold every toy in his garage.
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
When the flippers over leveraged in the 05 to 07 era they brought the world down with them. Mortgage securities. Toxic waste.
I'm sure that couldn't happen again and if it does the banks will be made whole and Airbnb dude will get bad credit for 7 years.
Experts say
Another example of unintended consequence of the government getting into the workings of the economy. If there were no quasi-government agencies buying up all those loans and securitizing them, the mortgage market would not have become as frothy and hot as it was. Sell one or two bad loan bundles to an investment bank, with their team of real lawyers, and you, the bank, are going to get your fucking ballz in a vice and your ass sued off. You, the bank, won't do it again. Which means you're going to ride your underwriters like a fucking donkey to make sure the credit underwriting is valid. Banks have to be made to live with their credit decisions, and the people who create the bad credit - the end user - has to be held account for his or her debt. There's little else more fundamental to our system than that basic principle.
Leave things between private actors and you will get market corrections. Get the printer of free money involved, and it distorts everything.
The mortgage bubble was as much Clinton policy as it was greed and unethical behavior. Faggots in the Tug think there are too many lawyers. Fuck off. There aren't enough of us. Fucking plaintiffs suits on that shit should have been a multiple of what we saw. A lot, I mean a lot, of people who just literally lied and stole money from retirees looking for fixed income retirement options, walked with all that money. This was my wheel-house in private practice before going in-house. We represented one of the biggest to ever do it. I saw this real tim.
I will never forget the first time I heard the interpretation of "stated income" from a mortgage underwriter. Even he couldn't say it with a straight face.
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
When the flippers over leveraged in the 05 to 07 era they brought the world down with them. Mortgage securities. Toxic waste.
I'm sure that couldn't happen again and if it does the banks will be made whole and Airbnb dude will get bad credit for 7 years.
Experts say
Another example of unintended consequence of the government getting into the workings of the economy. If there were no quasi-government agencies buying up all those loans and securitizing them, the mortgage market would not have become as frothy and hot as it was. Sell one or two bad loan bundles to an investment bank, with their team of real lawyers, and you, the bank, are going to get your fucking ballz in a vice and your ass sued off. You, the bank, won't do it again. Which means you're going to ride your underwriters like a fucking donkey to make sure the credit underwriting is valid. Banks have to be made to live with their credit decisions, and the people who create the bad credit - the end user - has to be held account for his or her debt. There's little else more fundamental to our system than that basic principle.
Leave things between private actors and you will get market corrections. Get the printer of free money involved, and it distorts everything.
The mortgage bubble was as much Clinton policy as it was greed and unethical behavior. Faggots in the Tug think there are too many lawyers. Fuck off. There aren't enough of us. Fucking plaintiffs suits on that shit should have been a multiple of what we saw. A lot, I mean a lot, of people who just literally lied and stole money from retirees looking for fixed income retirement options, walked with all that money. This was my wheel-house in private practice before going in-house. We represented one of the biggest to ever do it. I saw this real tim.
I will never forget the first time I heard the interpretation of "stated income" from a mortgage underwriter. Even he couldn't say it with a straight face.
All true
The gubmint made and exacerbated the problem then wouldn't let it play out all the way. There is still toxic shit from 2008 on the books because states like California stopped the foreclosure auctions. Now here we go again
In theory they tightened up the underwriting but I guess we will find out. The low interest rates made more folks able to buy. Now 30 million jobs lost and what happens next?
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
I tend to agree in normal times and markets. But this is caused solely by government overreach “following science and data”. This the “science and data” is only medical scope and data and it’s proven to be flawed enough that it shouldn’t be blindly followed. There is other non medical science and data that doesn’t get a seat at the table.
I will also add, most people are stupid....and they vote.
Well, in the game of speculation, nobody ever promised a market actor that the world would be free of externality during his or her investment time horizon.
I feel nothing for these people. You gamble and you take the risk; sometimes you're going to lose. That's the name of the game. If there were no risk for losing, there'd be no reward for wining. Everybody would do the same thing.
Fuck 'em. Let their stupid lenders foreclose and they can all eat shit. I didn't do it; don't make me pay to help them out of a jam. Nobody every helped me (or had to), because I've lived within my means.
I remember and obnoxious real estate agent acquaintance telling me I was too conservative. This under-educated bitch from Queens had all the answers, until she didn't.
She and her Boeing engineer husband (who doesn't make shit btw) thought they had things figured out and bought up and spent close to 200k on upgrades alone before the market hit 'em. And then the divorce.
I can count on one fucking hand the number of people whose opinions I respect and seek out. Most people are stupid. That's just reality.
When the flippers over leveraged in the 05 to 07 era they brought the world down with them. Mortgage securities. Toxic waste.
I'm sure that couldn't happen again and if it does the banks will be made whole and Airbnb dude will get bad credit for 7 years.
Experts say
Another example of unintended consequence of the government getting into the workings of the economy. If there were no quasi-government agencies buying up all those loans and securitizing them, the mortgage market would not have become as frothy and hot as it was. Sell one or two bad loan bundles to an investment bank, with their team of real lawyers, and you, the bank, are going to get your fucking ballz in a vice and your ass sued off. You, the bank, won't do it again. Which means you're going to ride your underwriters like a fucking donkey to make sure the credit underwriting is valid. Banks have to be made to live with their credit decisions, and the people who create the bad credit - the end user - has to be held account for his or her debt. There's little else more fundamental to our system than that basic principle.
Leave things between private actors and you will get market corrections. Get the printer of free money involved, and it distorts everything.
The mortgage bubble was as much Clinton policy as it was greed and unethical behavior. Faggots in the Tug think there are too many lawyers. Fuck off. There aren't enough of us. Fucking plaintiffs suits on that shit should have been a multiple of what we saw. A lot, I mean a lot, of people who just literally lied and stole money from retirees looking for fixed income retirement options, walked with all that money. This was my wheel-house in private practice before going in-house. We represented one of the biggest to ever do it. I saw this real tim.
I will never forget the first time I heard the interpretation of "stated income" from a mortgage underwriter. Even he couldn't say it with a straight face.
All true
The gubmint made and exacerbated the problem then wouldn't let it play out all the way. There is still toxic shit from 2008 on the books because states like California stopped the foreclosure auctions. Now here we go again
In theory they tightened up the underwriting but I guess we will find out. The low interest rates made more folks able to buy. Now 30 million jobs lost and what happens next?
In a word, "Blight." All the blue City-States are passing anti-landlord ordinances like crazy, driving small landlords to sell and leave the market, if they can. The over-leveraged folks are going to toss the keys to the banks and say "fuck it" - take this albatross. And the Air-BnB crowd? Good luck with that shit. Travel to Seattle, Portland, SF and LA was already tanking before Corona. Guess what it's going to look like after?
Comments
And divorces are a godsend when wifey gets the house, wants his shit gone, and I show up with cash.
Leave things between private actors and you will get market corrections. Get the printer of free money involved, and it distorts everything.
The mortgage bubble was as much Clinton policy as it was greed and unethical behavior. Faggots in the Tug think there are too many lawyers. Fuck off. There aren't enough of us. Fucking plaintiffs suits on that shit should have been a multiple of what we saw. A lot, I mean a lot, of people who just literally lied and stole money from retirees looking for fixed income retirement options, walked with all that money. This was my wheel-house in private practice before going in-house. We represented one of the biggest to ever do it. I saw this real tim.
I will never forget the first time I heard the interpretation of "stated income" from a mortgage underwriter. Even he couldn't say it with a straight face.
The gubmint made and exacerbated the problem then wouldn't let it play out all the way. There is still toxic shit from 2008 on the books because states like California stopped the foreclosure auctions. Now here we go again
In theory they tightened up the underwriting but I guess we will find out. The low interest rates made more folks able to buy. Now 30 million jobs lost and what happens next?
Yes, they vote. Sadly, they do.
Bankruptcies by the dozens.