Wednesday, April 25, 2012

What is Affordable in America?

What is the standard? Reading about a couple, she's a real estate agent or broker and he's a teacher with a $240,000 home that "increased" in value through the bubble, so they refinanced through that time, only to be facing foreclosure on $380,000 when the bubble burst . . . They were among the "lucky ones" to which Bank of America passed along the bail out. Bank of America dropped their payoff to $300,000 and their interest rate as well, so they ended up with the potential to keep their home and the payments are reduced by about $600 per month. The "catch" for them is they have to do it three months straight! Now, I have several problems with this solution. First and foremost, it's not available to everyone that is upside down or under water in their mortgage. Second, it seems to appear like a real estate agent or broker has some inside special favor or something. Third, how in the world did a teacher qualify for this size of a loan? The article did not say "professor," it said "teacher." I'd say if teachers can qualify for that size of a mortgage, I don't want to hear how underpaid they are. Now, the next issue I have with this situation is the fact that these people chose to refinance apparently over $100,000 more than they paid for it in a relatively short time frame. That sounds a lot like using real estate at a pawn shop! The next issue I have with this is the very serious fact that these people agreed to the terms and signed a contract to fulfill these terms. Would this real estate agent or broker like someone to renege on her commission? What is this guy teaching? What happened to simply living within one's means? I'm glad these people aren't going to be homeless, but I really am tired of reading about the "reward" for those that bit off more than they could chew and the people that stayed within their means and did the right thing, can just pay for it! Why are these people that bought more than they could afford less greedy than the fat cats on Wall Street? I'm seeing a bigger cliff or chasm on the horizon. Now that signing a contract means nothing, what can we count on economically? If the realtor couldn't see the inflated prices and a teacher is setting this example, where is America heading?
Train up a child in the way he should go: and when he is old, he will not depart from it. The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs of Holy Scripture

Thursday, April 19, 2012

In the News

I have to admit it. I spent way too much time on a circular dead end, and lost sight of my own journey for a bit. To be honest, this campaign year seems so cut and dried, I've not really been inclined to posting much, which is no excuse. I mean it's obvious the GOP is running in place, claiming different leaders, until now I guess it's between Romney, Newt, and Ron Paul. It doesn't take a calculator or a survey to guess that the candidate won't be Newt or Ron Paul. In a really poor economy, I'm guessing it's going to be tough for a plasticky uber-rich guy to even seem human. I believe the quote found in an ABC News Report of a radio interview captures the essence of Mitt's sometimes awkward presence, as well as the staff's inability to script Ann.

>>>Ann Romney’s remarks came during an interview with Baltimore radio station WBAL, during which the host asked her, “And one of the things, Ann Romney, that folks talk about with your husband, Mitt Romney, and I’ve seen him in casual conversation-He comes off very smooth and okay. But sometimes he comes off stiff. Do you have to fight back some criticism, like ‘My husband isn’t stiff, OK?’”
Laughing, Ann Romney responded, “Well, you know, I guess we better unzip him and let the real Mitt Romney out because he is not!”<<< Although President Obama comes across fairly arrogantly, anyway, he seems totally aloof and pretty confident in regard to 2012. He seems confident enough to not even campaign. This same guy that began his presidential campaign nearly two years ahead of the election last time just appears too calm and relaxed amidst a troubled dissatisfied people. Why, it might appear that this upcoming election is a mere formality to keep the peasants quiet . . . I mean the people. I really don't think it matters who is elected, the direction and the momentum are already in place. There is some startling new legislation that really has me faunching, though, so I shall share the link and my perspective of the potential power of this Executive Order. Unlike many Americans, I don't think we suddenly have one leader that is destroying this country. I think it's been a gradual destruction for years. We are a war-mongering capitalistic society and those simply do not last forever and our current President has just signed into law, the power to control all of our natural resources, and everything we make in the name of "The National Defense Resources Preparedness."
You have to get down to the second section to fully realize the unlimited, singular power this document affords.

From Interstate Highways in the 50's to the Great Society of the 60's, the War on Drugs in the 70's, to Political Worship in the 80's, to Political Partisan Hatred in the 90's, to the USA Patriot Act of the first decade of this millennium, to now this. Everything is now in place in our country to enact Martial Law. It's even written in as to how each department will contribute and distribute accordingly, with the Department of Agriculture being the first Department in the list.

For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape. New Testament

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