WTF? Let me see if I have this right. Joe Blow tries to keep up with the Jones and buys a house he can just barely afford to make payments on. He figures that the economy will continue to be all roses and gold and he will get pay raises that will more than cover the short fall. If he can get this place and just hang on to it all will be well in a few years right? What the hell...it worked for many over the years so why not do it? I have no problem with that decision. It means taking a chance and damn near everything we do is taking a chance. But, if one loses then one is supposed to accept the responsibility for taking that chance!
Yeah, I do have sympathy for some that didn't really take a chance...they bought a home they could well afford with a conventional mortgage and 20 percent down. Now they are out of a job and their home is about to belong to the bank sure enough. But, is it the government's duty to bail these people out? I don't think so.
Where does it end? Will the government decide that a gambler who loses a fortune at the Vegas crap tables should be bailed out of debt by the taxpayers? No? Why not? People, all business transactions are a gamble and buying a house is a business transaction. The lender is gambling that you will pay as promised and the buyer is gambling that he/she will be able to pay as promised. 90 percent of the time it is a safe bet. But, as the old bumper sticker read: SHIT HAPPENS! And when government becomes involved more shit happens and it stinks!
On a personal note...sweetthing's half acre appreciated by some 40 percent in just three years after I bought it. Two years ago I took the equity out of it and refinanced it for thirty years...at payments I can well afford. I figured that the equity was not making me a thin dime...and I was right. I am now one of those people who owe about thirty percent more on my home than what it is worth. But here's the deal...I could not lease it from someone else for what I am paying on it and we have to have a place to live somewhere. And in the meantime I have that equity in cash. And as the old adage goes...cash talks and bullshit walks. I have no regrets about doing it! If this economy goes completely bust no one will be able to make house payments anyway and my dollar conversion from green to lead will be seen as a smart move.
Oh, and I ain't asking the Feds for a gotdam thing except to keep sending me my retirement checks. I'll break even on socialable security in just four more years and the USAF retirement check I figure I earned..hell maybe by having it saved a nickle an ass chewing and a dime for every hair I lost off my head.
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GM may take bankruptcy! About gotdam time. They should have done this before they took billions of taxpayer dollars. A bandage will not stop the bleeding...it takes pressure on the wound to get the blood to congeal. And that is what GM has to do to stop the bleeding...put pressure on the UAW and the best way to put pressure on the UAW is to BUST it. Seeking protection under Chapter 11 might just do this. hell, if they survive I might consider buying a new GM pickup...but if they continue to roll over for the UAW I will buy a rice burner.
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I am an overt supporter of
Israel. And I have made no secret of the fact that I think Hilary Clinton is a two faced witch who was in over her head as a senator and that I think that as a Secretary of State she more resembles Monica...she is on her knees to the damn ragheads...and she SUCKS!
Hillary acts like she is surprised about Iran supporting Hamas and Hezbollah and pushing the ragheads to attack Israel. Heh, where the fuck has she been for the past thirty years? And I will tell you something else...it ain't got a gotdam thing to do with Israel or the ragheads...Iran will support whoever they think the USA is against. My bet is that if America pulled its support for Israel and threw it to the ragheads the fucking Iranians would be offering Israel money and bombs.
The big question now is whether or not Israel will allow the mad mullahs in Iran to develop the nukes. The mad mullahs are just that...mad..not angry mad but fucking crazy mad. Or maybe rabid mad...and when I see a mad dawg I kill it. And that might be the best solution for Iran...just kill the sumbitches while we can.
Hillary is a gotdam hypocrit..for example she bemoans that Israel is tearing down raghead houses in East Jerusalem...houses that were built illegally. I betcha she would be advocating tearing down illegally built homes in the USA! See, that is what the socialists do...they want control over who builds what, when, where, and what kind...unless of course it is a fucking raghead doing the building in Israel and then it is all different...fuck her...no wait. I wouldn't fuck her with your tool...and I am too proud of mine to take a chance.
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I don't have a dawg in this fight. No longer have a blue water boat so I don't fish for
red snapper. But I will say this...I reckon that the majority of such fishing regulations have more to do with satisfying politicians than they do with conserving the fisheries. And, the left wing now in power does cater to the enviro-nuts. By the way, did you hear about the blond who went fishing with these two guys? They didn't catch anything but she came back with a red snapper....
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Supposed to be a another beautiful day here on sweetthing's half acre. Sweetthing says she has a list so I reckon we will be going into the village after while. I need to pick up another thirty of those 2 cubic foot bags of dirt while I am out as well as some fertilizer, strong herbicide, and fire ant poison. The damn fireants are back and will be taking over if I don't get an early start on them.
Still have a lot of horticulturing to do...at least a couple of days worth of work..which means maybe three hours for you youngin's...
Y'all come, heah?