Joe B

6 Comments

    • ON: Mon May 19th 14:10 PM
      Commented on:
      How to Default on Your Mortgage and Stay in Your House
      I wouldn't have believed this would work - I guess it does. For those on their high horses about morality, well, you have been well trained by society to adhere to your end of the bargain -- not that those "in charge" bother with that. I wouldn't believe anything coming from our gov't - all put in place to protect and service **us**, for instance.

      Although I couldn't see me doing this, except under duress (go ahead and tell me that you wouldn't steal a sandwich if you hadn't eaten for 2 weeks -- right..), I find it both interesting and funny that people will bow to Sir Donald Trump and use banks as an ethical example (who was it buying things from Enron and selling them back at a profit -- oh, yeah, the banks that disappeared when the cops showed up), and these same outraged people don't see the principles in use.

      Legally, it is just a freakin' contract. You break it, there are consequences - spelled out in the contract and the law. Your soul isn't taken, despite how this is beaten into us middle class by the upper class and other overlords. It is **just** a contract. Donald Trump clearly weighs the value of the contract. How many times has he declared bankruptcy? If he can save a million by not paying a mortgage, it is a business decision -- he pays the consequences. That's the deal. His soul doesn't fry, both parties signed the contract and at least semi-understand our feudal law system. So, get off your high horse, go back to your gas guzzler SUV with the DVD players in the back so you never have to talk to your kids and get on with your now less sanctimonious life... You know, ignoring the **real** important things in life... HA!
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    • ON: Mon May 12th 08:59 AM
      Commented on:
      Saving the Economy with IRA Funds
      It had to happen, someone had to say that there is some cash being put aside for the future, let's raid it now to help out these poor banks. Wasn't a huge point with the IRA to have something for old age - so the gov't can skate on its promises with SSA, etc.? So, now let's raid what's left -- no problem -- Oh, until these people are out of a job because of age and have no money. Yes sir, all spent -- and this time to keep banks happy because they shouldn't have put these people into a house that was too expensive.

      Yep, another short term political solution with long term devastation as ... OK, 'cause we are here and now... <sigh>.
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    • ON: Tue Aug 28th 14:47 PM
      Commented on:
      Welcome to the New Seeking Alpha
      Hmmm... yes, well, uh, I had "Real Estate" checked. It no longer exists. Maybe you can show me where that is? When I go to what I have set, I have nothing set -- because the 1 thing which I was getting disappeared. You can say that is the same, but it isn't. Did you move Real Estate from sector to some other page?
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    • ON: Tue Aug 28th 12:30 PM
      Commented on:
      Welcome to the New Seeking Alpha
      Your old (last week) emails point to a dead page, so until I had to log in to post my comment above, I didn't have access to my email settings. I thought you killed them all off. You could have just used the old pointer address, you know. Well, I see that the one sector which I had, Real Estate, is no longer there.?? You had LOTS of great articles and thought pieces. Are you saying that real estate is no longer of interest to your readers?? Huh? Maybe you've run out of thoughts? ;-)

      Sadly, you leave me with WSJ's real estate email -- pale comparison to what you used to send. Loved Barry, especially Judy's summaries <sigh>, and a few others.

      Well, thanks for giving us something to discuss when you used to send them out..
      View article »
    • ON: Tue Aug 28th 12:17 PM
      Commented on:
      Welcome to the New Seeking Alpha
      Very (that is very very) sorry to see that you've killed off your emails. I had selected "real estate" and there were many articles which came from a stock and more honest orientation than what I expect from people selling a real estate product. Now? I get no more emails - can't send your articles on to the other members of my real estate group. Yes, very sorry to have this resource taken away.
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    • ON: Tue Jul 10th 20:16 PM
      Commented on:
      Equity Stripping: The Housing Bubble Dupes Again
      One thing that I've enjoyed from Seeking Alpha is the lack of hype-bull and, instead, more down-to-earth realism. Here we have an article similar to terrorism articles, airplane hijackings -- look at the numbers. Many many more people die from overeating, car crashes, overdoses than these other sensationalized problems. This article about the evil equity thieves is the same sort of thing. That's OK, on the surface -- news people live by making people hyper and paranoid. However, these sorts of articles have a very dark side. Take, for instance, the recent law passed in NY to "help" people in foreclosure. The thoughtful legislature will stop equity ripoffs by allowing the homeowner to take back his house any time up to 2 years after he sells it if he is going into foreclosure. Now, what honest investor or homebuyer will help a guy out of foreclosure knowing that in an instant, he could lose $20K that he put into a house and/or moved into because the old owner decided he could make money by "stealing" it back? The result? Well, people facing foreclosure in NY no longer can turn to anyone to buy their house. Their equity will go to the bank because NY legislature "fixed" the problem with equity thieves - replaced them with the mortgage companies. That's helpful to these people? Why don't we just say that nobody can sell their house in NY and then nobody can be ripped off? Brilliant. Another solution which does a lot more damage than the original problem. Here's a thought -- use the freakin laws that already exist and go after the scumbags that do the ripping off. Don't we have enough laws that cover just about everything? Just make our justice system actually do its job instead of sitting around eating donuts.. There ought to be a law? No, our justice system ought to help enforce some of the laws already there.
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