Page 19 of 21 FirstFirst ... 91718192021 LastLast
Results 181 to 190 of 204

Thread: Food Stamp Rolls to Grow Through 2014, CBO Says

  1. #181
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Harry Guerrilla View Post
    Of it is material.
    O'tay.




    Excuse me, FHA loans are available after 3 years providing you meet the minimum credit requirements, which is a 580 or better credit score.
    No FHA loans only require a 3.5% down payment and the interest rate is about 1-2 percentage points greater than the market rate.

    The lender is only covered if, you were required to have private mortgage insurance (less than 20% down payment) or the loan was FHA insured.
    Um....you MAY...if your credit is PERFECT after the forclosure...and your job history is good.....and....and ...and. Lenders currently are very picky, I don't see that changing in the near future.

    Since we are talking about buyers who had little down on big recent mortgages, the great majority were still paying the insurance for the lender. Again, if they are not, that is the cost of doing business when you are handing out NINA loans, so cry me a river.



    Financial truths make you lol?
    I purchased my home, after the housing market crash, because I got my house for cheap.
    So again, you have no experience with what we are discussing, pre-crash purchases.

    I'm not expecting any individual to know the economy or lending market enough to make predictions as such.
    It's just that age old personal finance advice recommends saving cash in case things don't pan out.

    That type of planning does not require the Oracle of Omaha, it's just sound personal finance.
    LOL, the amounts you are expecting people to have on hand to cover multiple months of below normal income to make payment on underwater properties is totally unrealistic in the economy of the last decade and a half.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  2. #182
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Gimmesometruth View Post
    Um....you MAY...if your credit is PERFECT after the forclosure...and your job history is good.....and....and ...and. Lenders currently are very picky, I don't see that changing in the near future.
    That's just not true.
    You can't have a foreclosure on your credit report and have perfect credit.
    That's contradictory.

    Quote Originally Posted by Gimmesometruth View Post
    Since we are talking about buyers who had little down on big recent mortgages, the great majority were still paying the insurance for the lender. Again, if they are not, that is the cost of doing business when you are handing out NINA loans, so cry me a river.
    I'm not asking you try to cry them a river.
    I'm just clarifying things here.

    Quote Originally Posted by Gimmesometruth View Post
    So again, you have no experience with what we are discussing, pre-crash purchases.
    No I've been interested in purchasing a home for a while.
    Monitored the housing market for quite some time, however, during the boom, I noticed that prices had become incredulous and didn't purchase purposefully.

    Quote Originally Posted by Gimmesometruth View Post
    LOL, the amounts you are expecting people to have on hand to cover multiple months of below normal income to make payment on underwater properties is totally unrealistic in the economy of the last decade and a half.
    Really, so it's cool that someone can shell out cash monthly for a $300k house + the litany of furnishings, but keeping $10-20k in cash, to supplement their unemployment compensation, is unrealistic.
    Excuse making....
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  3. #183
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 10:45 PM
    Gender
    Lean
    Conservative
    Posts
    30,343

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Boo Radley View Post
    No. Socialism has an actual definition. Is it too much to use words correctly?
    Did I misspell something?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  4. #184
    Sage
    Boo Radley's Avatar
    Join Date
    Dec 2009
    Last Seen
    11-22-17 @ 04:22 PM
    Gender
    Lean
    Liberal
    Posts
    36,858

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by j-mac View Post
    Did I misspell something?


    j-mac
    You misdefined.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  5. #185
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Harry Guerrilla View Post
    That's just not true.
    You can't have a foreclosure on your credit report and have perfect credit.
    That's contradictory.
    I'm getting so sick of people that can't read, I said "AFTER THE FORECLOSURE"



    I'm not asking you try to cry them a river.
    I'm just clarifying things here.
    No, you are not, you are misreading and not giving the full story.



    No I've been interested in purchasing a home for a while.
    Monitored the housing market for quite some time, however, during the boom, I noticed that prices had become incredulous and didn't purchase purposefully.
    Which again has nothing much to do with those who purchased before the bubble went nuts or with their ability to see what was going on in the credit market or predict the future.



    Really, so it's cool that someone can shell out cash monthly for a $300k house + the litany of furnishings, but keeping $10-20k in cash, to supplement their unemployment compensation, is unrealistic.
    Excuse making....
    What? $10K lasts less than 6 months on that $300K mortgage alone. Furnishings? Jeez...we are talking health insurance, prop taxes, utilities..."furnishings", give me a break.






    This has gotten so far away from the topic, and has become ridiculous and pointless. Furnishings....indeed.
    Last edited by Gimmesometruth; 04-23-12 at 06:47 PM.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  6. #186
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Gimmesometruth View Post
    I'm getting so sick of people that can't read, I said "AFTER THE FORECLOSURE"
    "After the foreclosure" the information remains on your credit report for up to 7 years.


    Quote Originally Posted by Gimmesometruth View Post
    No, you are not, you are misreading and not giving the full story.
    I'm giving a part of the story that I find material to the subject at hand.

    Quote Originally Posted by Gimmesometruth View Post
    Which again has nothing much to do with those who purchased before the bubble went nuts or with their ability to see what was going on in the credit market or predict the future.
    You said I had no experience.
    That's not true.


    Quote Originally Posted by Gimmesometruth View Post
    What? $10K lasts less than 6 months on that $300K mortgage alone. Furnishings? Jeez...we are talking health insurance, prop taxes, utilities..."furnishings", give me a break.
    Supplementing your unemployment compensation, it can last a lot longer.
    Then again, why did someone buy such an expensive house without liquidity and single source cash flow.

    You and others spout off about "homes are an investment."

    What happened to the other financial terms and principles people should know, when investing?
    Liquidity, cash flow, leverage, etc.

    Quote Originally Posted by Gimmesometruth View Post
    This has gotten so far away from the topic, and has become ridiculous and pointless. Furnishings....indeed.
    So what, it's an interesting topic.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #187
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Arbo View Post
    And you still blame the banks for their problems.
    Only if their problems stem from loosing a job, which was caused by a crash the banks precipitated.

    So if "their problems" refer to the crash then, yes, I do.
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  8. #188
    Sage
    MoSurveyor's Avatar
    Join Date
    Jan 2012
    Last Seen
    04-13-17 @ 04:36 AM
    Gender
    Lean
    Undisclosed
    Posts
    9,985

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by j-mac View Post
    I am still trying to figure out what makes a bank whom is in the business of making loans, and showing a profit for capital investment to their shareholders makes them "predatory"....
    In other words, it's "just business" and anything goes, right?
    Mt. Rushmore: Three surveyors and some other guy.
    Life goes on within you and without you. -Harrison
    Hear the echoes of the centuries, Power isn't all that money buys. -Peart
    After you learn quantum mechanics you're never really the same again. -Weinberg

  9. #189
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by Harry Guerrilla View Post
    "After the foreclosure" the information remains on your credit report for up to 7 years.
    Non sequitur, that has nothing to do with the fact that lenders want no MORE black marks on your credit history AFTER YOUR FORECLOSURE.




    I'm giving a part of the story that I find material to the subject at hand.
    You are becoming pedantic and without point, as displayed above. If you have a point, make it.



    You said I had no experience.
    That's not true.
    Again, you are ignoring the point, you had no experience in the subject, pre-crash home purchases.




    Supplementing your unemployment compensation, it can last a lot longer.
    Then again, why did someone buy such an expensive house without liquidity and single source cash flow.

    You and others spout off about "homes are an investment."

    What happened to the other financial terms and principles people should know, when investing?
    Liquidity, cash flow, leverage, etc.
    You make so many assumptions, you want so many answers, you show so little experience and you don't accept the answers given. It is becoming more and more pointless. You should be better than this.



    So what, it's an interesting topic.
    Like I said, you should know better than most of the posters here. You are supposed to be an example.
    Last edited by Gimmesometruth; 04-23-12 at 07:08 PM.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  10. #190
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    Yesterday @ 10:45 PM
    Gender
    Lean
    Conservative
    Posts
    30,343

    Re: Food Stamp Rolls to Grow Through 2014, CBO Says

    Quote Originally Posted by MoSurveyor View Post
    In other words, it's "just business" and anything goes, right?

    I got news for ya, it IS just business. Look, I don't know if you have ever bought a house or not. But I have. The first house I bought I went into it just like the people that you are defending here. I had no back up savings, little down, and looked only at the monthly payment, and I wanted it right now. So, in the zeal of the moment I relied on the closing attorney to make sure that everything was correct and signed and initialed as quickly as I could and got the keys.

    Because of youth, and cockiness it was all good, until I fell behind. In less than 5 years I was out, and Bankrupt.

    I worked hard, got back to basics, learned about money, and how I should handle it, and after lots of hard work, last year we bought again, only this time, I had my own attorney with me who went over the language with us and I went slow, and made sure that I now have the safety net of MY OWN savings behind me to cover unexpected things. Our mortgage is deducted from a separate account, and although they said that we could afford a much bigger house, we bought what WE knew we could handle, and left the glitz behind.

    In all of that I never blamed the bank for that first mortgage that we ultimately lost, that was MY fault. I signed the contract, and I defaulted. The bank, did what they were supposed to do, lend the money, lay out the terms, and service the account.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

Page 19 of 21 FirstFirst ... 91718192021 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •