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Wisconsin vs Total Recall
- Thread starter FreshFish
- Start date
Hammer
We'll be back.
Re: Wisconsin vs Total Recall
I had a feeling that this was coming as well. It was just a matter of when. I knew it wouldn't be long when I heard ads from Quicken Loans advertising that they would loan up to 102% of your home's value upon purchase. I think that was sometime in 2006, IIRC. If that kind of ad doesn't set fire alarms off in your head, you're either not paying attention, or you're too stupid to know any better in the first place.
The people that put down a reasonable amount (say, 15-20%, give or take a point or two) and tried to do things the traditional way, and still lost everything, I feel bad for. But there's also a ton of people who didn't do the math themselves and went ahead and bought too much of a mortgage, borrowed too much debt without penciling things out themselves. On a $60K salary, you can't afford a $400K house and a $55K Suburban with a boat, two snowmobiles, a jet ski, and Harley, all with zero down and just pay the interest. I don't care how much overtime you can get from Ford/GM/etc. Anyone who possesses a calculator can tell you that there's gonna be trouble the first time there's a bump in the road. I don't care if the bank/lender/credit company says yes. You know your financial situation better than they do. That is just plain stupid, and if you get burned, you get what you deserve in this latter case. And believe me, there were plenty of those.
When you get away from the basic personal financial fundamentals, you're asking for trouble and inviting disaster. Sure, the banks were (incredibly) stupid to allow terms like that. But at the same time, just because the bank tells you it's okay to chop your willy off and throw it in the wood chipper, that doesn't mean you need to make a mad dash for the steak knives. You know, it's always okay to say no, you don't need that much house/loan.
I had a feeling that this was coming as well. It was just a matter of when. I knew it wouldn't be long when I heard ads from Quicken Loans advertising that they would loan up to 102% of your home's value upon purchase. I think that was sometime in 2006, IIRC. If that kind of ad doesn't set fire alarms off in your head, you're either not paying attention, or you're too stupid to know any better in the first place.
The people that put down a reasonable amount (say, 15-20%, give or take a point or two) and tried to do things the traditional way, and still lost everything, I feel bad for. But there's also a ton of people who didn't do the math themselves and went ahead and bought too much of a mortgage, borrowed too much debt without penciling things out themselves. On a $60K salary, you can't afford a $400K house and a $55K Suburban with a boat, two snowmobiles, a jet ski, and Harley, all with zero down and just pay the interest. I don't care how much overtime you can get from Ford/GM/etc. Anyone who possesses a calculator can tell you that there's gonna be trouble the first time there's a bump in the road. I don't care if the bank/lender/credit company says yes. You know your financial situation better than they do. That is just plain stupid, and if you get burned, you get what you deserve in this latter case. And believe me, there were plenty of those.
When you get away from the basic personal financial fundamentals, you're asking for trouble and inviting disaster. Sure, the banks were (incredibly) stupid to allow terms like that. But at the same time, just because the bank tells you it's okay to chop your willy off and throw it in the wood chipper, that doesn't mean you need to make a mad dash for the steak knives. You know, it's always okay to say no, you don't need that much house/loan.
Last edited:
Kepler
Si certus es dubita
Re: Wisconsin vs Total Recall
"When shoeshine boys are offering stock tips, it's time to sell."
Re: Wisconsin vs Total Recall
yeah baby! I already quit showering and shaving, and I'm growing some special "herbs" in my garden just in case we can get some good live-in protests going in Madison this fall. POWER TO THE PEOPLE
Welcome to Occupy.
yeah baby! I already quit showering and shaving, and I'm growing some special "herbs" in my garden just in case we can get some good live-in protests going in Madison this fall. POWER TO THE PEOPLE
FadeToBlack&Gold
Microlot Marxist
Re: Wisconsin vs Total Recall
sounds like a quote from Jesse Livermore's iconic book, Reminiscences of a Stock Operator. Required reading for any serious investor.
sounds like a quote from Jesse Livermore's iconic book, Reminiscences of a Stock Operator. Required reading for any serious investor.
Kepler
Si certus es dubita
Re: Wisconsin vs Total Recall
Maybe. I always remembered him as getting a shine and the boy giving him a tip, but I could definitely be wrong.
Kepler
Si certus es dubita
Re: Wisconsin vs Total Recall
Occupy was no more entirely those career adolescents than the Tea Party was entirely senior citizen racists and backwoods goofballs. But both stereotypes were excellent ways for defenders of SSDD to delegitimize them.
Re: Wisconsin vs Total Recall
Single Side, Double Density? They're extinct, aren't they?
Re: Wisconsin vs Total Recall
And the trouble with good sustainable protesting is that only career adolescents and senior citizen racists and backwoods goofballs have the time and lack of responsibilities to stick it out. Luckily, I fall partly into all of these categories, being a juvenile senior backwoods goofball. I'm there.
And the trouble with good sustainable protesting is that only career adolescents and senior citizen racists and backwoods goofballs have the time and lack of responsibilities to stick it out. Luckily, I fall partly into all of these categories, being a juvenile senior backwoods goofball. I'm there.
Slap Shot
I got nothing
Re: Wisconsin vs Total Recall
Good to see I've missed nothing of substance. Hyperbole, platitudes and spoon-fed rhetoric are your friend. Take care.
You have a strange sense of accountability, I guess.....the federal government employs hundreds of thousands of people, and maybe 500 of them are elected? so that's 0.2% at most who are accountable, otherwise the rest of them go about their day, with no measures at all in place as to how good a job they are doing (with the major exception being the military; they face the ultimate level of accountability for success or failure!).
The teachers' unions say we need more money, yet if you look at government expenditure per teacher vs. student performance, empirically the more we spend, the worse students do, and yet no teacher is ever fired for not doing a good job. where is this vaunted "accountability" of which you speak?
In many businesses, you have clear metrics that let you know if the work you are doing improves the operation of the business. If I am in customer service and all the people who call me cancel service, my supervisor will know about it and I'm fired. If I am in a government agency I can be as rude as I feel like to the public, and at worst I may be "reassigned."
How can a person tell if they receive fair value in exchange for a dollar? in many businesses, it's real straightforward: If I like the product or service, I buy more and I recommend it to friends; if I dislike it, I buy less and warn my friends away. You don't have those options with government employees.
Yeah, really "hilarious" how little you understand about very basic things. Nice cocoon you have there, he?
Good to see I've missed nothing of substance. Hyperbole, platitudes and spoon-fed rhetoric are your friend. Take care.
Kepler
Si certus es dubita
Re: Wisconsin vs Total Recall
Adults with functioning braincells seem to manage it in other countries. Communism collapsed in the face of sustained protests by people who could meet a deadline, and who you could hold an intelligent conversation with. Maybe it's simply a matter of unemployment: as it become more significant, the unemployed contain a higher percentage of capable people. At some point they reach critical mass and a large enough number of the unemployed actually self-employ as protesters, as a way of getting back to work. The circus stuff stops, the protests become serious and directed, and they become effective.
So all we need in this country for better protests is worse conditions!
Adults with functioning braincells seem to manage it in other countries. Communism collapsed in the face of sustained protests by people who could meet a deadline, and who you could hold an intelligent conversation with. Maybe it's simply a matter of unemployment: as it become more significant, the unemployed contain a higher percentage of capable people. At some point they reach critical mass and a large enough number of the unemployed actually self-employ as protesters, as a way of getting back to work. The circus stuff stops, the protests become serious and directed, and they become effective.
So all we need in this country for better protests is worse conditions!
Re: Wisconsin vs Total Recall
I have no doubt this is perfectly true.
Adults with functioning braincells seem to manage it in other countries. Communism collapsed in the face of sustained protests by people who could meet a deadline, and who you could hold an intelligent conversation with. Maybe it's simply a matter of unemployment: as it become more significant, the unemployed contain a higher percentage of capable people. At some point they reach critical mass and a large enough number of the unemployed actually self-employ as protesters, as a way of getting back to work. The circus stuff stops, the protests become serious and directed, and they become effective.
So all we need in this country for better protests is worse conditions!
I have no doubt this is perfectly true.
FadeToBlack&Gold
Microlot Marxist
Slap Shot
I got nothing
Re: Wisconsin vs Total Recall
You're right and it was a bit smug too, but I honestly felt like it was a lot of nothing/rhetoric. I shouldn't been so dismissive perhaps but I find it lacking real conversation. I probably should have not said anything.
Nice substantive response.
You're right and it was a bit smug too, but I honestly felt like it was a lot of nothing/rhetoric. I shouldn't been so dismissive perhaps but I find it lacking real conversation. I probably should have not said anything.
dxmnkd316
Lucia Apologist
Re: Wisconsin vs Total Recall
I had to double check you weren't referring to scooby's posts here...
I had to double check you weren't referring to scooby's posts here...
Re: Wisconsin vs Total Recall
Now that we are nearly two years into Gov Walker's reforms, how well have they worked?
According to one source,
Walker's speech at the convention tonight is scheduled for just before 9 PM (EDST); Chris Christie gives the keynote speech tonight after Mrs. Romney talks at 10 PM (EDST).
Now that we are nearly two years into Gov Walker's reforms, how well have they worked?
According to one source,
Walker's speech at the convention tonight is scheduled for just before 9 PM (EDST); Chris Christie gives the keynote speech tonight after Mrs. Romney talks at 10 PM (EDST).