View Poll Results: Which is more preferable to you?

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  • Dictatorship of the proletariat

    16 64.00%
  • Dictatorship of the bankers

    9 36.00%
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Thread: Dictatorship of the proletariat vs. dictatorship of the bankers

  1. #81
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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by Canell View Post
    Wait, I don't understand. Was this a foreclosed house?
    Or may be that dude just sold it to you under priced?
    My first post said "Wow. We just completed our 2nd short sale purchase of a home."
    From WIKI "A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.[1] Any unpaid balance owed to the creditors is known as a deficiency.[2][3] Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.
    A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower."Short sale (real estate) - Wikipedia, the free encyclopedia
    It takes 2 to 3 months for a short sale to be conducted. Prices of homes are going up rapidly now. In the time that it took from our cash offer being accepted by the two lenders (The owner, effectively, doesn't count.) the price of equivalent homes in the neighborhood has gone up 10%.
    Last edited by OhIsee.Then; 06-30-12 at 12:45 PM.

  2. #82
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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by Canell View Post
    Wait, I don't understand. Was this a foreclosed house?
    Or may be that dude just sold it to you under priced?
    More detail for you. The builder sold the house for $170k in June '05, we think to an 'investor'. Then in December '05 it sold to the banks and person we purchased it from for $265k. This was the bubble working. Then it sold to us for $92k. It included a very fancy frig and matching micro over a stove. So in six and a half years how much of the principal on the $265K mortgage do you think was left?
    Also, the house stood unoccupied for several years since the bubble caused too many to be built.
    Last edited by OhIsee.Then; 06-30-12 at 01:11 PM.

  3. #83
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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by jpevans View Post

    I disagree on the U.S. of A., It was truely a people's revolution. That some of the people could read & in some cases had risked their fortune, they were all Radicials, willing to push forward with a fight that they were bound to lose, by the wisdom of the day. The conservitives of the day were called Tory's.
    Not really, our Founders were men of great wealth who used the People to their advantage. What we got with the first presidency was the first national debt, and the federal bank. The "conservatives" of the day didn't exist, because conservatism as we think of it today did not exist. The Loyalists were just that, those who were loyal to the Crown. The Patriots were men like Hamilton, Jefferson, Washington, and Madison. All wealthy men, all in favor of restricting voting to white male land owners. The very structure of our government is due to the lack of faith the founders had in the common man's tendency toward public virtue. They saw them as uneducated, and irrational, unable to see beyond their own personal needs, and they were right.
    I love the NSA. It's like having a secret fan-base you will never see, but they're there, watching everything you write and it makes me feel all warm and fuzzy inside knowing that I may be some person's only form of unconstitutional entertainment one night.

  4. #84
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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Thomas Paine, Ben franklin, John Adams, Samual Adams.... & untold nameless progressive radicals! A Tory by any other name is still a conservative.
    Quote Originally Posted by Lokiate View Post
    Not really, our Founders were men of great wealth who used the People to their advantage. What we got with the first presidency was the first national debt, and the federal bank. The "conservatives" of the day didn't exist, because conservatism as we think of it today did not exist. The Loyalists were just that, those who were loyal to the Crown. The Patriots were men like Hamilton, Jefferson, Washington, and Madison. All wealthy men, all in favor of restricting voting to white male land owners. The very structure of our government is due to the lack of faith the founders had in the common man's tendency toward public virtue. They saw them as uneducated, and irrational, unable to see beyond their own personal needs, and they were right.
    Last edited by jpevans; 06-30-12 at 06:32 PM.

    I was so much older then, I'm younger than that now. Bob Dylan

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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by jpevans View Post
    Thomas Paine, Ben franklin, John Adams, Samual Adams.... & untold nameless progressive radicals! A Tory by any other name is still a conservative.
    Conservative and Progressive didn't exist in the 18th century.
    I love the NSA. It's like having a secret fan-base you will never see, but they're there, watching everything you write and it makes me feel all warm and fuzzy inside knowing that I may be some person's only form of unconstitutional entertainment one night.

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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by OhIsee.Then View Post
    More detail for you. The builder sold the house for $170k in June '05, we think to an 'investor'. Then in December '05 it sold to the banks and person we purchased it from for $265k. This was the bubble working. Then it sold to us for $92k. It included a very fancy frig and matching micro over a stove. So in six and a half years how much of the principal on the $265K mortgage do you think was left?
    Also, the house stood unoccupied for several years since the bubble caused too many to be built.
    I see. You are lucky to live there and just walk out the door. Around here if you can't pay your mortgage, the bank ceases the property, sells it and you still owe the bank the rest of the bill (let's say your mortgage is 200 000, the bank sold the house for 120 000 and you still owe the bank 80 000). They passed a special interest law, these bankers, you know.

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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by Canell View Post
    I see. You are lucky to live there and just walk out the door. Around here if you can't pay your mortgage, the bank ceases the property, sells it and you still owe the bank the rest of the bill (let's say your mortgage is 200 000, the bank sold the house for 120 000 and you still owe the bank 80 000). They passed a special interest law, these bankers, you know.
    Here the collateral for the loan is the house. Since the banks are not set up to actually own empty homes they are essentially forced to sell them if they can. When too many are on the market or if there are not enough buyers around that want to pay a fair price they are stuck. This has been going on for about 3 years now, but it's ending soon since the inventory of homes is being reduced as the economy recovers and there are more buyers now, not investors. We are buyers that needed homes.

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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    Quote Originally Posted by OhIsee.Then View Post
    Here the collateral for the loan is the house.
    That is how it is supposed to be.

    Quote Originally Posted by OhIsee.Then View Post
    We are buyers that needed homes.
    Yeah, homes are never big enough, I guess.

  9. #89
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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    As our government was founded for the people and by the people, I'll go with the people! If I were choosing the bankers, I would vote for Romney!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Dictatorship of the proletariat vs. dictatorship of the bankers

    The United States is supposed to be a dictatorship of the Constitution. Like the other political slogans, that supremacy winds up being a Tory oligarchy: the dictatorship of the Supreme Court. As long as it can cancel any law it wants and interpret the Constitution with any legalistic spin it wants, it doesn't have to make the laws in order to have absolute control over them. The requirement to "pass Constitutional muster" positions the elected legislators as merely a marching band on a parade ground.
    On the outside, trickling down on the insiders.
    We won't live free until the 1% live in fear.
    Hey, richboys! Imagine the boot of democracy stomping on your faces, forever.

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