7000-8000 homes foreclosed per day in Febuary in America?

wow....you Americans really are that ignorant, even about your own country?

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=7307752

Thought you would know about this, sadly I have to provide a link to you.

wow....you Americans really are that ignorant, even about your own country?

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=7307752

Thought you would know about this, sadly I have to provide a link to you.

yujast

I'm not American ;)

You=fail.

ggyujast

Well........that sucks.

in the entire month of feb more homes were foreclosed than sold

Link?Oleg_Huzwog

TURN ON THE TV

Foreclosures are up because people are delinquent at paying their bills.

Car reposesions are at all all time high, but you don't see anyone talking about that. I read it in USA Today. The same people delinquent on their house payments are delinquent on their car payments.

Maybe this is a sign to the rest of America that they need to pay their ****ing bills. If you can't afford they payment, then DON'T BUY IT!!!

For God's sake, people in the 21st century are complete idiots.

People need to learn that they need to either settle for less or get a better job. Nothing is going to be handed to you in life. You have to earn it.

I'm more worried about the big rise in unemployment claims. Ontain

For God's sake, people in the 21st century are complete idiots.FearTheRain

Foreclosures are up because people are delinquent at paying their bills.

Car reposesions are at all all time high, but you don't see anyone talking about that. I read it in USA Today. The same people delinquent on their house payments are delinquent on their car payments.

Maybe this is a sign to the rest of America that they need to pay their ****ing bills. If you can't afford they payment, then DON'T BUY IT!!!

For God's sake, people in the 21st century are complete idiots.

People need to learn that they need to either settle for less or get a better job. Nothing is going to be handed to you in life. You have to earn it.

FearTheRain

the problem is that they can't pay their bills because they have 10k + in credit card debt and only make 30k a year. they end up paying just the minimums which means that they will never be able to pay off their bills.

Good, it serves people right for not living within their means. Just because you want something doesn't mean you can afford to have it. :| CIoud_S

the problem is that they can't pay their bills because they have 10k + in credit card debt and only make 30k a year. they end up paying just the minimums which means that they will never be able to pay off their bills.Ontain

Okay, and who's fault is that?

The American dream is earned....not given.CIoud_S

Where's my house :x

I have dreams, and I'm American :cry:

Where's my house :x

Jandurin

waiting for you to earn the money to buy it. Hell if I can do it and I came from a hella poor broken home family. Anyone can. :PCIoud_S

Actually, funnily enough, I think the woman will be the one to really make the money. She's moving much faster than I.Jandurin

Life is good.CIoud_S

[QUOTE="CIoud_S"]Life is good.Jandurin

[QUOTE="Ontain"]the problem is that they can't pay their bills because they have 10k + in credit card debt and only make 30k a year. they end up paying just the minimums which means that they will never be able to pay off their bills.FearTheRain

Okay, and who's fault is that?

the ppl's as well and the credit industry. they target these ppl. watch the documentary "Maxed Out"

the ppl's as well and the credit industry. they target these ppl. watch the documentary "Maxed Out"Ontain

I've never held debt a second longer than completely necessary.

[QUOTE="Ontain"]the ppl's as well and the credit industry. they target these ppl. watch the documentary "Maxed Out"Jandurin

I've never held debt a second longer than completely necessary.

Hence another problem with this whole thing. Let's not target the morons who signed on the dotted line. Let's point fingers and the big bad banks lending out credit to the poor helpless consumers.

[QUOTE="Ontain"]the ppl's as well and the credit industry. they target these ppl. watch the documentary "Maxed Out"Jandurin

I've never held debt a second longer than completely necessary.

you may not have but look how you're being hurt by the action of not only the ppl but the industry that have been enablers of this mountain of debt. everyone now is paying to bail out these institutions that are deemed "To Big To Fail". It's our taxes that will be banking the JP Morgan take over of Bear Stearns. instead of them going bankrupt.

you may not have but look how you're being hurt by the action of not only the ppl but the industry that have been enablers of this mountain of debt.Ontain

wow....you Americans really are that ignorant, even about your own country?

http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=7307752

Thought you would know about this, sadly I have to provide a link to you.

yujast

Well, let me see. For someone to only make a thread title, have no substance in his/her own thread calls for a link relevant to the thread subject and provides for a moderation, lock & lol

It's even more sad that I'm gonna have to provide a link to the stickies which explains this, but I'll let you handle since you seem to have the scoop.

97.45 of all homeowners in the country are not going through foreclosure, stop making it seem like this problem is bigger then it is. I'm sick of people trying to sell Miserablism in this country. These people were dumb, they're losing their homes, end of story.

"But what, they're poor, you're heartless!" -I can hear ya'll saying this now. Look, there was a specific case where a woman made 15000 dollars a year, watched the bank write that she made 44000 a year on the application, didn't say anything and got the loan. Now she's going through foreclosure and blaming the bank. Hey, news flash lady, YOU SHOULDN'T HAVE TAKEN THE LOAN. I don't got a degree in economics, but I know if you made 15 grand a year you can't afford to own a home.

It really is about people not being fiscally responsibile and not paying attention when they're buying a house. A lot of people got conned into accepting a variable rate mortgage instead of just going fixed at a higher percentage. I will admit that it seems in America people aren't very responsible because they always think they'll have the government to fall back on and they'll fix their problems. Which, is exactly what's happening with the government throwing money at this problem.

Done correctly, you really can achieve the "American Dream," you just have to be willing to work your bottom off and make some sacrifices. A major problem with people these days is that they don't have the patience to save their money for something they really want. They're so ready to take out a loan for that new big thing they're dying to have, that after a while they're neck deep in debt. Unfortunately there isn't a whole lot that can be done about it as long as the government is willing to bail these people out.

You yanks better stock up there be a 30s Depression a coming .. real soon :)wandy21

Doubtful, considering we're not even close to paying what Europe pays for a lot of things.

Fact is we get £1.98 too a dollar .....lol ... your $ is rubbish ..lol

how long before I come over an buy you all up .... like a 70s S.American worthless currency ;)

Fact is we get £1.98 too a dollar .....lol ... your $ is rubbish ..lol

how long before I come over an buy you all up .... like a 70s S.American worthless currency ;)

wandy21

The dollar will bounce back. It always does.

I hope it does ... As Your country is the Big Cog in world economics an your Krap Dollar is like the stone in the pond the EU an third world countries feel the ripples ...:(

Btw I can take £100k to the US an buy a 4 bed/3 bath Top Class Home in the US on the todays rate , In UK you can buy a slum for that ..lol

What Im getting at is............ you False economy, which is bursting with the property foreclosures ..lol

I hope it does ... As Your country is the Big Cog in world economics an your Krap Dollar is like the stone in the pond the EU an third world countries feel the ripples ...:(

Btw I can take £100k to the US an buy a 4 bed/3 bath Top Class Home in the US on the todays rate , In UK you can buy a slum for that ..lol

What Im getting at is............ you False economy, which is bursting with the property foreclosures ..lol

wandy21

I'm not quite sure exactly what your third statement is saying, but yea the dollar will eventually jump back up. That's economics for you. They teach you that in school. Markets go up and down. And, actually, the recession in the early '80s was a bit worse than what's actually happening now. So, unlike a lot of doomsayers, I'm not that worried as I haven't seen any drastic changes in my life at the moment. Sure I'm paying a little more for groceries and gas, but not near enough for me to worry. Like, I said before, I'll start worrying once we start having to pay what most Europeans have to pay. Those people have it harder.