We peasants must learn to live with fewer things

[HereWeGoAgain]

And you're a complete dumbass if a realtor is capable of convincing you to purchase a home you cant afford.
It's no different than the dumbass who just has to have that fancy car even if he has to pay on it for ten years.
You see that all the time in the hood..a Caddy parked in front of a shack,neither of em paid for.

That has nothing to do with your claim that a realtor would never try to get you to buy more house than you could afford does it? Why would you say something so idiotic?

How exactly can a realtor make you buy a house you cant afford?
Thats all on you. And apparently you've been taken by one or you wouldnt be so interested in blaming them.
So just how far underwater are you asslips?

By telling you along with the lender you can refinance to keep your payments at what you paid for rent? Again why would you say something so stupid like realtors would not try to talk you into buying more house than you could afford?

So you're saying the realtor is smarter than you?
No surprise there....
People are stupid,plane and simple.
I havent made a house payment in over twenty years and I've purchase four properties since our first home.
You buy what you can afford and pay it off quickly to avoid interest and before you know it you'll be in the house you really want with no payments.
The problem is todays youth want everything now.

Of course the realtor is smarter than me in that regard. Its their field of expertise you idiot. I bet a person that shovels dog crap for a living is smarter than you at shoveling dog crap.

Any moron can become a realtor.
Maybe you've noticed all those "For Sale By Owner" signs in peoples yards.
Pro tip: "Owner" is not the name of a Real Estate company.

 

[HereWeGoAgain]

With most of the help being from the Lenders.

Its easy to say that everyone who got duped is "stupid". Its harder to convince anyone that stupidity is the case across the board...across the nation all at once.

Something else besides "stupidity" was at play

Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

I dont know about you,but I'm not about to let slick marketing hold sway in the largest purchase I'll likely make in my life.
Those that do are morons.

Well it worked out for me. I own 7 homes plus the one I live in. If thats being a moron then I'm a moron.

So you were sold on slick marketing?

 

[LogikAndReazon]

A confiscatory 80% tax rate and a cap on accumulated wealth !!!!

Hail Che Guevara !!!!! Lol

 

[Asclepias]

That has nothing to do with your claim that a realtor would never try to get you to buy more house than you could afford does it? Why would you say something so idiotic?

How exactly can a realtor make you buy a house you cant afford?
Thats all on you. And apparently you've been taken by one or you wouldnt be so interested in blaming them.
So just how far underwater are you asslips?

By telling you along with the lender you can refinance to keep your payments at what you paid for rent? Again why would you say something so stupid like realtors would not try to talk you into buying more house than you could afford?

So you're saying the realtor is smarter than you?
No surprise there....
People are stupid,plane and simple.
I havent made a house payment in over twenty years and I've purchase four properties since our first home.
You buy what you can afford and pay it off quickly to avoid interest and before you know it you'll be in the house you really want with no payments.
The problem is todays youth want everything now.

Of course the realtor is smarter than me in that regard. Its their field of expertise you idiot. I bet a person that shovels dog crap for a living is smarter than you at shoveling dog crap.

Any moron can become a realtor.
Maybe you've noticed all those "For Sale By Owner" signs in peoples yards.
Pro tip: "Owner" is not the name of a Real Estate company.

Are you really that much of an idiot? FSOB implies the person is not a professional therefore not a realtor. The owner can be a realtor but they are not unless they have the license moron. Its akin to someone selling their car themselves.

 

[R.D.]

Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

I dont know about you,but I'm not about to let slick marketing hold sway in the largest purchase I'll likely make in my life.
Those that do are morons.

Well it worked out for me. I own 7 homes plus the one I live in. If thats being a moron then I'm a moron.

Sounds like it makes you a slumlord, no different than a deceptive realtor, crooked hedge fund operator, or any other parasite preying on the stupid.

; - )

Or just lying

 

[Asclepias]

Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

I dont know about you,but I'm not about to let slick marketing hold sway in the largest purchase I'll likely make in my life.
Those that do are morons.

Well it worked out for me. I own 7 homes plus the one I live in. If thats being a moron then I'm a moron.

So you were sold on slick marketing?

Yes. Just happened to work out for me.

 

[HereWeGoAgain]

Its obvious you are too dull to understand that if someone tells you that your payments are going to be less than what you rent for and you will be able to refinance after a year to keep the payments low then its not a lack of self control. Its simply a lack of knowledge regarding how the banking industry works.

Than they are even bigger dumbasses for signing something they dont understand.

I bought my house, cash sale deed, as was, no guarantee at all.

I will sell it, cash sale deed, as is, no guarantee at all.

When I do that, I will build a house, and TWO lawyers will look at and approve every single thing I sign.

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

Very few pay cash for their first home. If you buy within your means there wont be a problem. Allow yourself to be sucked into something you cant afford and expect a world of shit.
So who's fault is it if you get yourself into into that world of shit?

$50 less than what you are paying for rent is within your means. If you get into a world of shit its ultimately your fault for actually trusting the industry experts to tell the truth.

If you think paying fifty bucks less than rent makes a house affordable I have to doubt everything you say.
It's thinking like that that idiots get in over their heads.

 

[HereWeGoAgain]

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

I dont know about you,but I'm not about to let slick marketing hold sway in the largest purchase I'll likely make in my life.
Those that do are morons.

Well it worked out for me. I own 7 homes plus the one I live in. If thats being a moron then I'm a moron.

Sounds like it makes you a slumlord, no different than a deceptive realtor, crooked hedge fund operator, or any other parasite preying on the stupid.

; - )

Or just lying

Of course he's lying. He just claimed that having a house payment fifty bucks less than your rent makes a home affordable.
Anyone who thinks that has never owned a home.

 

[ClosedCaption]

With most of the help being from the Lenders.

Its easy to say that everyone who got duped is "stupid". Its harder to convince anyone that stupidity is the case across the board...across the nation all at once.

Something else besides "stupidity" was at play

Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

Also when you go to a professional you ask that professional for advice. I dont know anyone that gets fucked up by a doctor and people say "who gets surgery on something they dont understand"

So know you want to equate surgery to buying a house?
You do realize anyone with even the slightest bit of intelligence can get their real state license right?

Yeah, but what does that have to do with Mortgage Lending? When did you get your license? I got mine in 99

 

[HereWeGoAgain]

Yes, greed on both sides of the ball... greedy lenders, greedy realtors and greedy people who wanted that which they could not afford. It was a perfect storm.

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

Also when you go to a professional you ask that professional for advice. I dont know anyone that gets fucked up by a doctor and people say "who gets surgery on something they dont understand"

So know you want to equate surgery to buying a house?
You do realize anyone with even the slightest bit of intelligence can get their real state license right?

What does that have to do with the fact they are then considered professionals?

You're some kind of fool....
If you're not smart enough to understand the ins and outs of buying a house you should stick to renting.
It ain't brain surgery.

 

[Asclepias]

Than they are even bigger dumbasses for signing something they dont understand.

I bought my house, cash sale deed, as was, no guarantee at all.

I will sell it, cash sale deed, as is, no guarantee at all.

When I do that, I will build a house, and TWO lawyers will look at and approve every single thing I sign.

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

Very few pay cash for their first home. If you buy within your means there wont be a problem. Allow yourself to be sucked into something you cant afford and expect a world of shit.
So who's fault is it if you get yourself into into that world of shit?

$50 less than what you are paying for rent is within your means. If you get into a world of shit its ultimately your fault for actually trusting the industry experts to tell the truth.

If you think paying fifty bucks less than rent makes a house affordable I have to doubt everything you say.
It's thinking like that that idiots get in over their heads.

How is $50 less than what I am currently paying in rent make it out of my reach for monthly expenses? Let me guess. You flunked basic math a couple of times and never quite got the hang of it didnt you?

 

[Asclepias]

I dont think the people were "greedy" I think they were looking toward a professional for guidance and the professional told them they can get a 200k home for 160k payments. That was actually one of the "talking points" amongst realtors and mortgage officers.

People simply try to deny the power of marketing. Realtors and lenders market in order to make their money.

Also when you go to a professional you ask that professional for advice. I dont know anyone that gets fucked up by a doctor and people say "who gets surgery on something they dont understand"

So know you want to equate surgery to buying a house?
You do realize anyone with even the slightest bit of intelligence can get their real state license right?

What does that have to do with the fact they are then considered professionals?

You're some kind of fool....
If you're not smart enough to understand the ins and outs of buying a house you should stick to renting.
It ain't brain surgery.

If I had of listened to your dumb advice I wouldnt own what I do now. You cant spend your life studying, at some point you have to take a chance. I did and it paid off. Dont be mad about that.

 

[HereWeGoAgain]

I bought my house, cash sale deed, as was, no guarantee at all.

I will sell it, cash sale deed, as is, no guarantee at all.

When I do that, I will build a house, and TWO lawyers will look at and approve every single thing I sign.

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

If you can't afford to cover your ass, you cannot afford to expose your ass.

There is no promise in the contract that you will be able to secure financing again. Since the promise was given by industry professionals people took that gamble on their encouragement. If they got the first loan at a good rate why would they doubt they could get another loan at a similar rate?

You ever stop to think that some people are just meant to rent?

What does that mean and who picks these people?

Natural selection.

 

[ClosedCaption]

The same bunch who are calling people stupid for getting duped are the ones who also try to convince you that regulations arent needed.

 

[mudwhistle]

Never trust a rich man, he's out to get what you have....he is no better than a thief on the streets...

You must mean Democrats in Washington.

 

[Asclepias]

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

If you can't afford to cover your ass, you cannot afford to expose your ass.

There is no promise in the contract that you will be able to secure financing again. Since the promise was given by industry professionals people took that gamble on their encouragement. If they got the first loan at a good rate why would they doubt they could get another loan at a similar rate?

You ever stop to think that some people are just meant to rent?

What does that mean and who picks these people?

Natural selection.

What does natural selection have to do with man made money?

 

[HereWeGoAgain]

I bought my house, cash sale deed, as was, no guarantee at all.

I will sell it, cash sale deed, as is, no guarantee at all.

When I do that, I will build a house, and TWO lawyers will look at and approve every single thing I sign.

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

Very few pay cash for their first home. If you buy within your means there wont be a problem. Allow yourself to be sucked into something you cant afford and expect a world of shit.
So who's fault is it if you get yourself into into that world of shit?

$50 less than what you are paying for rent is within your means. If you get into a world of shit its ultimately your fault for actually trusting the industry experts to tell the truth.

If you think paying fifty bucks less than rent makes a house affordable I have to doubt everything you say.
It's thinking like that that idiots get in over their heads.

How is $50 less than what I am currently paying in rent make it out of my reach for monthly expenses? Let me guess. You flunked basic math a couple of times and never quite got the hang of it didnt you?

Please keep up this line of reasoning.
I bet actual homeowners see the flaw in your bullshit stories.

 

[Asclepias]

Sounds like you can afford to do that. Not everyone has that luxury but still desires to live in a home that they own.

Very few pay cash for their first home. If you buy within your means there wont be a problem. Allow yourself to be sucked into something you cant afford and expect a world of shit.
So who's fault is it if you get yourself into into that world of shit?

$50 less than what you are paying for rent is within your means. If you get into a world of shit its ultimately your fault for actually trusting the industry experts to tell the truth.

If you think paying fifty bucks less than rent makes a house affordable I have to doubt everything you say.
It's thinking like that that idiots get in over their heads.

How is $50 less than what I am currently paying in rent make it out of my reach for monthly expenses? Let me guess. You flunked basic math a couple of times and never quite got the hang of it didnt you?

Please keep up this line of reasoning.
I bet actual homeowners see the flaw in your bullshit stories.

You didnt answer my question. How is $50 less than what I am currently paying in rent make it out of my reach for monthly expenses? Appealing to the board for support is pretty weak.

 

[ClosedCaption]

Everyone knows that marketing doesnt work thats why trillions of dollars are spent on it...because it doesnt work

 

[mudwhistle]

The same bunch who are calling people stupid for getting duped are the ones who also try to convince you that regulations arent needed.

You've got that wrong. These folks are calling for more regulations and are using our stupidity to get it done.