7 million 90+ late on car loans
Hope and Change
Comments
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sarktastic said:
Says FED.
MAGA -
National Emergency?
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Fuck that, I want a cheap late model car for half price. Let the market and auctions Work!
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Should be much easier that buying a house out of foreclosure.sarktastic said:Fuck that, I want a cheap late model car for half price. Let the market and auctions Work!
Instead of the housing bubble, this is the auto bubble. We've made billions in the expansion of this market, knowing that at some point the bubble will burst. -
GM should have been allowed to go broke?
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It used to be fairly easy to buy a house out of foreclosure. The legislature and the banks made it harder after so many foreclosed. They are still thereBennyBeaver said:
Should be much easier that buying a house out of foreclosure.sarktastic said:Fuck that, I want a cheap late model car for half price. Let the market and auctions Work!
Instead of the housing bubble, this is the auto bubble. We've made billions in the expansion of this market, knowing that at some point the bubble will burst. -
Ease is a relative measure. I didn't have the time/expertise to do it with real estate. Someone in that business or with disposable time, could do it with relative ease.RaceBannon said:
It used to be fairly easy to buy a house out of foreclosure. The legislature and the banks made it harder after so many foreclosed. They are still thereBennyBeaver said:
Should be much easier that buying a house out of foreclosure.sarktastic said:Fuck that, I want a cheap late model car for half price. Let the market and auctions Work!
Instead of the housing bubble, this is the auto bubble. We've made billions in the expansion of this market, knowing that at some point the bubble will burst.
A car, like @sarktastic suggests, should be much easier. -
No it is harder now. I thought that was what you meant. You are right (save this post) you need more expertise
My personal record was 7 houses in one day at auction. Not my money though sadly. The house had been driven and photographed and the titles checked and the hedge fund underwriters had set the max bid
An industry sprung up around this by flippers and buy and hold hedge funds for rentals. It was my first job here and the best one I ever had. Paid like shit but still. Lots of pretty young girls attracted to all that money
The banks realized that other people were making all the money off their bad loans and losses and the legislature wanted to make it "fair" so it kind of gummed up and calmed down.
That's story time -
YKWRaceBannon said:No it is harder now. I thought that was what you meant. You are right (save this post) you need more expertise
My personal record was 7 houses in one day at auction. Not my money though sadly. The house had been driven and photographed and the titles checked and the hedge fund underwriters had set the max bid
An industry sprung up around this by flippers and buy and hold hedge funds for rentals. It was my first job here and the best one I ever had. Paid like shit but still. Lots of pretty young girls attracted to all that money
The banks realized that other people were making all the money off their bad loans and losses and the legislature wanted to make it "fair" so it kind of gummed up and calmed down.
That's story time
Banging Christina on the courthouse steps post-auction would have been special.
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As an individual with modest funds and no extra time, I wouldn't be in the game like that.RaceBannon said:No it is harder now. I thought that was what you meant. You are right (save this post) you need more expertise
My personal record was 7 houses in one day at auction. Not my money though sadly. The house had been driven and photographed and the titles checked and the hedge fund underwriters had set the max bid
An industry sprung up around this by flippers and buy and hold hedge funds for rentals. It was my first job here and the best one I ever had. Paid like shit but still. Lots of pretty young girls attracted to all that money
The banks realized that other people were making all the money off their bad loans and losses and the legislature wanted to make it "fair" so it kind of gummed up and calmed down.
That's story time
Like I said before, story time with Granpappy Race is speshul. -
I worked with a guy from Florida - he had purchased a car in Florida, drove here and never made a payment on it. took about 15 months to get caught and the car got repo'd. He then went down a month later and bought the car at auction for dirt cheap. He was creative and didn't give a shit about his credit rating.
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Was his name Dick?LebamDawg said:I worked with a guy from Florida - he had purchased a car in Florida, drove here and never made a payment on it. took about 15 months to get caught and the car got repo'd. He then went down a month later and bought the car at auction for dirt cheap. He was creative and didn't give a shit about his credit rating.
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That's fucking awesome lolLebamDawg said:I worked with a guy from Florida - he had purchased a car in Florida, drove here and never made a payment on it. took about 15 months to get caught and the car got repo'd. He then went down a month later and bought the car at auction for dirt cheap. He was creative and didn't give a shit about his credit rating.
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The government should do something like pay people for their old car so they can buy a new one they can’t afford. #stimulus.
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Can’t afford to buy houses at auction?BennyBeaver said:
As an individual with modest funds and no extra time, I wouldn't be in the game like that.RaceBannon said:No it is harder now. I thought that was what you meant. You are right (save this post) you need more expertise
My personal record was 7 houses in one day at auction. Not my money though sadly. The house had been driven and photographed and the titles checked and the hedge fund underwriters had set the max bid
An industry sprung up around this by flippers and buy and hold hedge funds for rentals. It was my first job here and the best one I ever had. Paid like shit but still. Lots of pretty young girls attracted to all that money
The banks realized that other people were making all the money off their bad loans and losses and the legislature wanted to make it "fair" so it kind of gummed up and calmed down.
That's story time
Like I said before, story time with Granpappy Race is speshul.
