Foreclosures hit new record in metro Atlanta
Home foreclosures hit another monthly record in metro Atlanta.
There were 12,207 foreclosure notices in September covering a 13-county region, according to Equity Depot data. That’s up from 9,930 in August. The notices published this month are for public auctions scheduled for October.
“It hasn’t leveled off yet,” said Barry Bramlett, president of Equity Depot. “We’re seeing older loans that typically tell you it’s related to the economy and joblessness.”
The previous record was 11,925 in June, according to Alpharetta-based Equity Depot. (www.equitydepot.net)
With three months remaining in the year, a new annual record already has been reached.
So far, there have been 87,679 foreclosure notices, Equity Depot said. For all of last year, the previous high, there were 79,484.
In September, Fulton led the pack with 2,666 notices, followed by Gwinnett with 2,304. DeKalb posted 1,770, followed by Cobb with 1,474 and Clayton with 994.
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71 comments Add your comment
MR164
September 16th, 2009
10:50 am
One man’s loss, another man’s gain.
Rick
September 16th, 2009
10:52 am
Is there a map where you can see where they are occuring?
woody
September 16th, 2009
10:53 am
How can find if the vacant house across the street is being foreclosed on? or is in the process?
Say what?
September 16th, 2009
11:02 am
How can I found out about ITP condo foreclosures? Or, possibly OTP foreclosures in Dunwoody/Sandy Springs?
IC Atlanta
September 16th, 2009
11:02 am
I thought the recession was over and the $800 billion dollar stimulus would solve these problems. That is what Presbo and the congress told us. Well maybe if we just give them health care all problems will be solved.
Linda
September 16th, 2009
11:07 am
Sure……… the recession is over………
Christina
September 16th, 2009
11:11 am
Unfortunately, there is so much red tape involved in the homeowner stability program sector of the stimulus package, that by the time a homeowner can qualify it’s practically too late. Despite our household taking a 25% income cut six months ago, and our applying for a mortgage modification (which we should qualify for, according to all published criteria), the bank continues to stall and find reasons why we don’t qualify . . . we aren’t the only ones seeing this cycle.
Eli
September 16th, 2009
11:12 am
I heard the recession is so bad that Exxon just laid of 12 Congressmen!
GimmeyoDolla
September 16th, 2009
11:17 am
IC- you’re stupid if you thought stimulus money would erase foreclosures
MissNat
September 16th, 2009
11:17 am
Whoever said one man’s loss is another man’s gain is the most insensitive person in the world. Thnak God I haven’t lost my home, but I could imagine what that would feel like. You wok so hard to have something as nice as a house, and then to loose it…I know that is hurting and devestating! To the person who said that: Try having a more compassionate heart because you obviously dont.
robert
September 16th, 2009
11:20 am
If consumer spending is supposed to the crux of the economic recovery, there will be no end in sight so long as workers are losing their jobs and homes.
blkshephered
September 16th, 2009
11:20 am
Whats even sadder is when folks purchase these homes larger than they budget knowing some where up ahead its all going to snowball. Living above your income. Many times when I went to purchase a car they will put you in That car with a huge car note. Then when you cant make the payment they want to repossess it. Yet they goaded you in to buying it. Same with these huge houses many folks couldnt afford before they lost they job or got behind. Not saying this is the case in all situations because people do get fired or layed off. Just saying people do need to try to live within their means. Stop trying to keep up with the Jones.
Just because they bought a new suv dont mean you got to run out there and get one KNOWing you just bought that new big house that you had built from the ground up pushing you further into debt.
Everyone likes nice things. I dont know anyone who dont. But it aint necessary to spend more than you are getting. I feel real bad to see folks lose their Home. But looking at some of those homes..the sheer size and Upscale. Then I look at their salarey and I think..They NEVER should have even been in that house from the beginning. If there is only 2 occupants YOU DONT NEED A FOUR BED ROOM 3 bath house! If its just you and your hubby, or one child or two..you dont need 5 bedrooms. If its just YOU, you dont need a 3 bed room house. If you just bought that House YOU can not afford to go get a brand new SUV and still have the same income unless you got one hell of a raise. Live within your means.
Leeann
September 16th, 2009
11:31 am
IC Atlanta – You are so right…If we Pass the Stimulus I promise unemployment won’t go over 8.0%…blah blah blah…They distroyed the auto industry, the housing industry and now it’s on to healthcare…but I’m sure the only problem is racism
SportysFan31313
September 16th, 2009
11:32 am
So much for the big boost in the economy. It’s all propaganda (B.S.) While in Ohio the media suggest that the auto industry is just booming, and the housing market is begun to soar again around the country. You had better look at the reality of all of this. Houses ares still being foreclosed upon, and jobs are still very hard to get even with post graduate degrees.
Impeach_Obama
September 16th, 2009
11:37 am
Atlanta had 12,000+ foreclosures in ONE MONTH. Thanks ACORN ! Nice work putting those liars in houses they knew they couldn’t afford. It’s OK though, I’m sure Jimmy Carter will say it because of racism.
Gator Nation
September 16th, 2009
11:37 am
Foreclosures continuing to rise and the ten biggest wallstreet banks (who all were bailed out in some form or fashion) are now steaming along making huge profits and giving out large bonus checks. This is ridiculous. Not only is it unjust, but it is detrimental to our national and state economies. The phrase, “To Big To Fail” should never be uttered or used to make policy! Here is my short take on how we should have handled this crisis:
Choice 1: Bail nobody out and let the system self correct. It would have been a painful 3 years….but we would have transitioned into a stronger country financially. In my opionion our economic system needs to evolve and be completely divested from government.
Choice 2: Refi everyone’s (not just those in trouble) mortgage at 4.25%. The federal government pays the banks the points on the loans to make this happen. People are still making their payments, property tax’s are still being paid to local and state goverments, home prices don’t fall as sharply, the banks are still getting paid and many folks who are doing OK or better, now have more money to pump into the economy.
Unfortunately we chose the option of socialism for the banks and free market for the rest of us……which will not have the desired affect of stimulating the economy, creating jobs, and making us a financially thrifty nation.
MR164's Conscience
September 16th, 2009
11:40 am
MR164,
I’m not judging you, but I’m very curious to know why you think the guy named “Vick=Dog killing thug” is an idiot. I also see you posted “another man’s loss is another man’s gain.” These two statements paint a picture of you, but I’m saying it’s good or bad. I’m just curious to know if you “idiot” comment at “Vick=dog killing thug” was due to his name?
Atlanta Lion
September 16th, 2009
11:41 am
Gator Nation is right on. We should be hammering our representatives about this idea about a national refi for mortgage holders. It makes sense. Way more sense then the ridiculous bailouts that have been ongoing.
JohnF
September 16th, 2009
11:43 am
What I would like to know is how many of these foreclosures involve homes that are actually occupied? The majority of foreclosures I am aware of are new construction by a builder that had to default on his construction loan..many of them aren’t even finished.
MR164's Conscience
September 16th, 2009
11:55 am
Impeach Obama – yeah, like he’s the cause of all this. Recession started at the of 2007 and the stock market tanked in Oct. of 2008 and the housing bubble blew up AND a war broke out all on Bush’s watch. Regardless if you’re Rep or Dem, just stop being a critic of this administration. If there was one underlying thing this adminsitration is doing is trying fix the mess they were handed and I don’t care if it’s a Rep or Dem. If McCain won I highly doubt things would be better. Personally, I’d rather take a Harvard Grad that earned his way versus some silver spoon rich kid with a daddy in high places. Any sense of superiority that a “critic” puts on someone actually trying to create something is a fraction of the value of person actually doing it, even it comes out as junk. Critics risk nothing, but feel they have the right. Yes, Free Speech is an awesome thing, but you voted and you are now in the minority just wait another 3.5 half years and you’ll have your chance to be in the minority again. P.S. I’m a white guy living in the suburbs of Atlanta, which may come as a suprise to you.
Francis
September 16th, 2009
11:57 am
I wonder where all these critics of the current POTUS were when the most recent POTUS got us involved in two costly wars (hmmm, I bet those funds could help right now), created the present state of the economy (those conservatives really know how to “reel” in spending), and simply created the climate where the Office of the Presidency no longer commands the domestic and international respect it once held (Bill Clinton contributed to that also, see I am fair).
To all of the critics of the current POTUS, go drink some tea (some of you looked downright foolish in Cumming last week)
kj
September 16th, 2009
12:01 pm
this is just saddd!!
RB
September 16th, 2009
12:01 pm
At least all those people on the street will have free health care. NOT!
Nativeson71
September 16th, 2009
12:05 pm
In a ‘normal’ housing market…what is a typical # of foreclosures for a 30day period?
Lee
September 16th, 2009
12:08 pm
If you have a lot of time and patience, not to mention the hurdles and red tape, then buying a foreclosure may be a plus. Some of the foreclosures are not in good condition so thats another consideration. I also understand that working with certain banks during the process can be a harrowing experience. Be careful … be very careful.
Talented 10th
September 16th, 2009
12:16 pm
To: MR164’s Conscience
you told the truth!
john
September 16th, 2009
12:21 pm
lord have mercy on us all !!!!!
Francis
September 16th, 2009
12:25 pm
Talented 10th, you expect people to actually just deal with truths, facts, and logic? That short circuit their brains because truth, facts, and logic is in direct conflict to propaganda heard on radio and news channels.
That is the funniest joke I heard all day, then the AJC blogs would no longer be entertaining if we just dealt in truths.
budman
September 16th, 2009
12:35 pm
It was so great to know the march in DC consisted of 50% people who don’t even bother to vote!!As they say in south Georgia”its 10 miles into the woods, its 10 miles out of the woods.” The people who thought with 2 car notes ,30k in unsecured debt and then let borrow not 200,000 dollars for the house..but were talked into buying that $350,000 house…who is the real fool. If you think we can solve in months which took years to create just get on the bus with the other morons and fantastic money planners. Yea I am sorry for some home owners..but others are like drunk drivers who kill somebody…sorry but you did it to yourself…oh wait this is America were not responsible for nothing. So get your cardboard box and move under a bridge.
moore
September 16th, 2009
12:38 pm
Impeach Obabma, this shit isnt his fault…blame GEORGE W BUSH and the terrible 8 years he was in office..thats who to blame you idiot
thatsme
September 16th, 2009
12:40 pm
Thank you, MR164’s Conscience. (”yeah, like he’s the cause of all this. Recession started at the of 2007 and the stock market tanked in Oct. of 2008 and the housing bubble blew up AND a war broke out all on Bush’s watch. Regardless if you’re Rep or Dem, just stop being a critic of this administration. If there was one underlying thing this adminsitration is doing is trying fix the mess they were handed”). How conveniently “they” forget.
shaggy
September 16th, 2009
12:43 pm
Greedy buyers & lenders got us into this mess.
I bought a house in 2005. The lender/broker tried and tried to shop me into chosing one of the popular, ridiculous loans that were just smokescreens for higher commissions. I told them exactly what type of “fixed” loan I would be buying, what kind of interest I would pay, and yes, I would be making a substantial down payment on it, money that had been saved for that purpose. If they couldn’t do that and stop trying to sell me garbage, I would walk.
Geez, I got exactlty what I wanted and today am not worried about forclosure. My equity is secure, and because I carefuly chose the house, location, & neighborhood, I have gained a little during the “stupidity crisis”.
BL
September 16th, 2009
12:44 pm
Wish they would Bernake’s picture and article titled “recession is over” next to this.
I love how the Fed talks in economic terms and the media just runs with it to the public like everything is A-ok under this guy.
Percy B
September 16th, 2009
12:45 pm
We have to get the right people with the right mindset at the table. This problem is larger than first envisioned. This housing recession in the Metro Atlanta area will continue through 2013, that’s a fact. Their is too much REO housing inventory that is still over priced in the marketplace. The creation of the short sale process is not answer to this housing recession. The Neighborhood Stabilization Program (NSP) created by HUD is a start, but more innovation is needed. If the Metro Atlanta area housing economy is averaging 10,000 foreclosures monthly, our local economy will continue
woody
September 16th, 2009
12:46 pm
ya know all your blabberin about whose fault it is doesnt help me figure out if the house across the street from me in being foreclosed on. You people are useless big mouths.
shaggy
September 16th, 2009
12:49 pm
woody, yes it is being forclosed on, and the thieved are already on the way to “collect” the scrap metal.
woody
September 16th, 2009
12:54 pm
blabber
paul
September 16th, 2009
12:56 pm
To 164 & Francis Bush might have screwed up on the war, but it was the democraps that let run wild and force banks to give loans via Fannie Mae to people that could not afford them. Besides the economy was fine until the democraps took over congress in 2006. Heathcare is another example of giving away money to someone just to get their vote. I have worked 40 years to pay my on way and don’t have a lot of sympathy to hand out freebies so able bodied people get something just because they breathe and take up space.
abby
September 16th, 2009
1:00 pm
it’s a no-brainer, you only have 30 days to be current on your mortage payment, after that your home is up for auction on the court house steps. who did this?
abby
September 16th, 2009
1:02 pm
that’s because you only get 30 days to make your house payment, after that, your house is up for auction. Who did this?
Percy B
September 16th, 2009
1:06 pm
(continued)to suffer at the expense of tax payer. It is time for the Atlanta Regional Commission (ARC) to create a Super Agency/Holding Company that can market REO single-family homes to potential homebuyers through a Employee Sponsored Homeownership Initiatives in the Metro Atlanta area. Government Sponsored Enterprises (GSE) such as Fannie Mae and Freddie Mac are working outside of their element and capacity. If we create a Cash for Clunkers program to sale cars we surely can create a REO homeownership Initiative to sale single-family homes in the marketplace. I believe that strongly in this national economy. It is time for the true leaders that understand bulk housing production, marketing and sales to re- create homeownership strategies for the sale of existing single-family homes. We FHA 203k mortgage financing in place, tax-exempt mortgage bonds and state and county government down payment assistance programs available. We just don’t have the right people at the table. Please respond
Tig
September 16th, 2009
1:07 pm
To the folks blaming people who bought outside their means and talking about a “stupidity crisis” –
Please remember that some of us bought a home well within our means at the time of purchase but now risk losing it because several years later we’re getting laid off from our jobs when offices/companies close. With the current wait-listing and delay tactics of banks regarding mortgage modification programs, there’s no guarantee if I’ll even still have my house by the time I find a new job with the current job market in the Atlanta area.
Warrior Woman
September 16th, 2009
1:17 pm
The builder homes (constructed and never sold) usually are not included in the foreclosure numbers. When you add those in, the number of homes on the market skyrockets.
Blessed
September 16th, 2009
1:22 pm
I agree with Shaggy. In 2003 after being laid off for a year, I had a so called friend trying to sell me a house, just because she could without me having a steady income. Since insist that I would get a job with steady income soon. Luckily, I had enough brain to stand my ground and not be greedy and go for this set up..Up until 2007, I could not find permanent employment in Atlanta, and had to re-locate to another state to get permanent employment with benefits.
IC Atlanta
September 16th, 2009
1:25 pm
I hope Barney Frank and Chris Dodd had an enjoyable lunch.
GatorNation I agree – why in the heck did we bail out Wall Street – most of them are big moneyed democrats. The rest of the nation is left to go at it on its own. I know two people who were foreclosed – both had an ARM paying interest only. They had no business in the homes they bought and they are now renting, but still doing okay.
Robert
September 16th, 2009
1:26 pm
Loosing your home isn’t like loosing your wallet. It is most commonly the result of an accumulation of poor financial decisions which extend one beyond their means. Most foreclosed properties aren’t even new purchases, but rather older purchases which have been refinanced multiple times so Joe and Jane can drive the newest SUV and spoil their kids. I’m sorry they had to loose their house but that’s what happens and yes it is likely that many financially responsible individuals will benefit from the down market.
catamount
September 16th, 2009
1:26 pm
If you think Obama’s policies and actions are helping the economy, keep drinking the kool aide. On the other hand, I am glad that foreclosed houses are so cheap. It makes wealth building that much easier. Thanks Barack, keep up the good work. I will be able to retire in a few years now.
blady
September 16th, 2009
1:34 pm
Leeann @ 11:31am:
Who is “they”? I hope you’re referring to the political party that got us into this mess. If I’m not mistaken, the Republicans have been in the majority in the U.S. Congress since 1994 (remember the “Contract with America”). Also, Republicans have controlled the executive branch since 2000. On the other hand, Democrats have been in the majority in the U.S. Congress since 2006 and in the White House since January 2009. You do the math.
John
September 16th, 2009
1:37 pm
Well this is what happens when you don’t get a fixed rate
Elizabeth
September 16th, 2009
1:38 pm
No one, not the bank nor the government can help you with your loan if you’ve lost your job. You have to have income coming in. Otherwise, you WILL lose your home.
bobby
September 16th, 2009
1:39 pm
Part of the problem is the lie that the mortgage companies want to help.
They say just give them a call (all on the radio)and they will work with you. They will as long as you are not late. If your mortgage has adjusted and you are barely treading water they don’t want to talk to you.
What happens is when people are turned down why they are trying to get assitance they begin to look for alternative housing. They come to a point where they give up and decide i’ll just have to start over. Mentally they have moved on. That’s when the mortgage companies call and want to work things out after they now know that the 15% (example)was killing you and they are about to get the house back. Credit jacked up for non-payment, already moved into an apartment, and can now eat a pizza…they’ve moved on and don’t want to hear from the mortgage company. Once they finally let go there is a since of relief.
You shouldn’t have to apply, they should have just applied a 7% across the board. That would have stopped this problem but the mortgage companies still want to squeeze every bit they can along with getting bail out money that tax payers who are in foreclosure are or will pay.
What?
September 16th, 2009
1:42 pm
Paul, you talk like the lady with a paper a$$hole. The economy tanked on Bush’s watch…you know…that “trickle down” dilusion. Truth is..the more the rich make, the more they keep. When is the last time you heard ANYONE say “oooh, I just made a bunch of money! Let me hire more people so I can give it away”. What the rich make, they keep or find loopholes. There are more Bernie Madoff’s hiding in plain sight than we can keep up! As for healthcare, what does a person do if they have high blood pressure and they lose their job AND insurance! It happened to me! I had to let go of basics like a phone! I had my electricity disconnected several times because I had to choose between blood pressure medicine to sustain my life or keeping electricity. Not all people can take those $4.00 presritions at Walmart because they do not work on everyone which was my case. So it’s better to let me DIE in the street than provide healthcare? Why is your life any more important than mine? If healthcare is socialism, what does that make social security? Especially for those who receive “spousal” benefits even if they never worked a day in their life?
Dollar Bill$$$$
September 16th, 2009
1:51 pm
I intend to buy my house sometime next year, so this whole foreclosure thing and the fact that it is not ending, is really sweet musica to my ears.
I dont want the prices to rise that much whilst i clean up my credit and retire some auto notes and what not..great news indeed.Hopefully this will be the same till some time June,thereabout.
I cant feel sorry for those who bite more than they can chew!
SORRY!
MR164's Conscience
September 16th, 2009
1:51 pm
There’s a couple main topics not getting pointed out here. (1) The biggest one is that when the banking crisis happened (regardless of how it happened, mortgages people couldn’t afford, whatever) THE BANKS STOP LENDING AND CREDIT WAS FROZEN FOR ALL. The one and only way for this country to survive was to get the banks lending again and free up credit. ALL MAJOR ECONOMIST ON BOTH SIDES AGREE THIS BAILOUT OF BANKS HAD TO HAPPEN. I saw a comment from IC Atlanta that said wallstreet was “big money democrats?” Check your stats. Most that are comfortably wealthy are Republicans which is becoming a smaller percentate of the coutry and the rich are getting richer and the poor get poorer. (2) The greedy banks/financers (most of which are Republican) are the one’s that rode the gravy train by putting people in homes they couldn’t afford. Yes, people shouldn’t buy what they cannot afford, but THE BANKS DID IT!
So now you have Republicans and those that see everything as a “hand out” as robbing from them while they all made money when the travesty occurred.
I’ll close with this. I’m no expert on the healthcare deal or why universal healthcare might be good or bad, but I do know this….
IF YOU ARE ANY DECENT HUMAN BEING, EVERYONE SHOULD BE ALLOWED HEALTHCARE AND PEOPLE SHOULDN’T DIE OR BE SICK BECAUSE THEY HAPPENED TO BE BORN ON THE WRONG SIDE OF THE TRACKS. I mean any person that seriously thinks that “Hey I worked hard to get my job and get my benefits, so why should I pay for the homeless guy’s healthcare” is an idiot and a poor excuse for a human being. All people should have the right to walk into a hospital and get healthcare if needed. It should be a right, not a priviledge. George Carlin had a saying for this… “NIMBY- Not In My Back Yard” These selffish people that feel like life is good as long “I’ve got mine” are the reasons why things have some to a breaking point and someday they might realive they won’t have their until the entire country is better off, not just themselves.
Tig
September 16th, 2009
1:56 pm
Just for clarification, I am in a two-income household that’s about to be a single-income (2 adults + 1 child). After my last day of work, we can hopefully just make it by if we cut all recreational spending (no eating out, no internet, no christmas gifts, etc.), but a mortgage modification would help us have a little more money for the everyday things while I’m job hunting since getting unemployment will keep us from going completely under but isn’t something that I’m even wanting to factor into the budget. I’m also getting with credit card companies to try to work something out that will keep the cards open with a hopefully better rate “just in case”.
What?
September 16th, 2009
2:00 pm
MR164 gets it. The voices with the biggest complaint ARE wealthy republicans who raped Capitalism to it’s very core over the last decade and created this black hole economy that has sucked the life out of everything! And now they don’t want to clean up their mess. They chose to blame Obama or throw in their typical red herring “socialism” and frighten those who are less educated or powerful. The rich have been doing it to the poor since the Roman empire so that they can keep their wealth and their power..be the one in charge to make the rules they expect everyone BENEATH them to live by so they can remained perched on their illusion of “I worked for it”.
IC Atlanta
September 16th, 2009
2:40 pm
What? you are right – the biggest Bernie Madoff in plain site works inside the beltway – you familiar with social security? How about present day medicare or medicaid? Do you know the term – UNFUNDED LIABILITIES or TRILLIONS or maybe CHINA works better for you.
You might want to do a little investigation before posting, but the wealthiest people in congress are Democrats – tax cheats (Rangel & Geithner), super rich – Kerry, Pelosi, Kennedy, etc. Some of the biggest contributors to democrats are super rich – Buffet, your Godfather Soros, most of Wall Street and Hollywood too. I would call Obama more of a fascist than a socialist, but I think educated people can agree that he and the Reid, Pelosi congress are truly a disaster for America today.
IC Atlanta
September 16th, 2009
2:44 pm
One other question – why do you democrats want to surrender to authoritarian control? Why do you not feel like you can make decisions that are best for you? Why do you need someone else to run your life?
Also, I am sick of most republicans – they did a horrible job 2000-2006 and their malfeasance a mismanagement gave us present day Pelosi, Reid and Barry.
Shocked
September 16th, 2009
3:48 pm
I cannot believe that anyone with a heart could say that benefiting from another person’s loss of their homes is “just what happens”. Not ALL of those people drove SUV’s and spoiled their kids to end up homeless and uprooting their families and in a lot of cases detroying them. And even if they DID…they are human beings and they deserve a little respect. These are OUR people. OUR neighbors. OUR friends. OUR families.
I’m a Realtor and I have seen many families lose their homes…not because they wanted to spoil their kids and drive an SUV (for whatever that has to do with anything)…but because their husbands (or wives) lost their jobs and couldn’t find another one because there are NO jobs out there. They went through their personal savings and their children’s college savings to try to make ends meet…hoping to find a job…only to get foreclosed on.
It’s not fair to them and it’s not American for you to relish in someone else’s misery!
I am sickened by the comment “One man’s loss is another man’s gain.” That is just STUPID and CRUEL.
shaggy
September 16th, 2009
3:51 pm
Ok, there are no guarantees, owning a house is not a right, and yes, this is a “stupidity crisis”, because we (America) were stupid to let it happen in the first place.
Also, sorry when you lose your job and the mortage is threatened or lost, but you know, that’s not a guarantee either.
We live in a country that only makes great military grade arms, not much else, because we sold that “everything else” to the highest buyer. We are compelled to buy the latest gadgets, so our ridiculous, entitled kids could better keep up with American Idol.
I would write more, but really my country is spproaching the hopelessly stupid zone, and I find it much more amusing to just watch, just like lurking on boards like these.
Shocked
September 16th, 2009
4:05 pm
Maybe you should go live in another country then shaggy! I’m an American and proud to be one. I love my country and am saddened by the things that you find so amusing. Stupid or not…we are supposed to help build this country…not try to bring it down…or stand back and watch and laugh.
shaggy
September 16th, 2009
5:53 pm
Shocked – Just what have you done for America, bought an I Pod ?
I too, am an American, and I see no need or future in trying to educate the pacified masses. I say, just give them the newz on Paris Hilton. Let them worry themselves about TMZ or what some idiot does on a meaningless awards show. Those are the things the masses really worry about.
You couldn’t make the masses care about the good our country has accomplished if you hit them with a very large stick, and yes it’s so funny I have cried.
Thanks for the invite to another country, but I will stay here. My mortage is paid.
Macon Man
September 16th, 2009
6:28 pm
I like the solutions that Gator Nation offered.
InterestMonster
September 16th, 2009
7:05 pm
The entire problem could be: Folks think this land is doing wonderfully or was. When all that is or was going on is massive credit and lending and borrowing. That isn’t success or a way to gain success. Thats just borrowing money. It has been so out of hand for such a long time.
The people that lend the money call the shots. You respond. (The borrower is a slave to the lender). This is a very true axiom i feel. Here is a reply I sent to an economist. So called and respected. That he would not print. I felt left out of course. Then again I know why he didn’t print it. It was who he really represented. And he did not like the following:
To big to fail banks. Really means a vote on the Federal Reserve Corporation. They and their subsidiary’s (they have more than you know). Can never be sunk because all they have to do now is get some numbers on a computer screen from the Fed. Instant money. BLA BLA THIS BLA BLA THAT. And well the Pmi companies and the reinsure people like AIG. Are all owned by the same people to.
Not to mention Wal-mart. Ford, Bank of England ahem, Suntrust, Target, Kroger, Mcdonald’s (Joan croc what a croc), Publix, Exxon, BP. I could go on forever.
Heres the thing with all the interest you have sucked down. From your thieving finiancial products. To start these companies. Which resell at scalped prices to put on credit like your Mastercharge and Visa. The revolvers that never end. Why even come to us? You will do it anyway.
So it is true we owe. We really owe. Many of us anyway. So you have the right to suck our tax money out to pay for your bailout. Please get our “economy” going again. We would not want your interest to stop. After all it is so vital to you.
I just love seeing everything these people own. Built on the interest we have to pay. It’s impressive. Like well the shopping malls. I grit my teeth trying to relax on Saturday. Driving by these tourist attractions like everyone else. I grit my teeth because well. I have to be back to work sooner than I know. Because know it or not I have to help pay for all of these great impressive stores and keep all of this going. If it all caves in I will only know that I have failed and gone bankrupt like everyone else. Hows that for economics.
Shocked
September 16th, 2009
8:32 pm
Shaggy~You’re a shining example of why the country is in the mess that it’s in now. Lazy people sitting around and pointing fingers and blaming everyone else. As an American I have done more than bought an iPod…not that I owe you any kind of response, but I have contributed and volunteered to help the homeless and those in need. I visit sick and elderly at the hospital. I attend and volunteer to help with Veterans events. With the limited amount of funds I have, I try and give to charitable causes that help my fellow Americans.
Of course you’ll stay in this country. You’ll mooch and take, and take and mooch as much as you can without giving anything back…and sit back on your a$$ accusing politicians, republicans (or democrats…whichever way you roll), the media, Hollywood…anyone and everyone…except yourself.
Go find another country where you can get away with that…and still be “free”. Canada would be a good place to start!
Timothy
September 16th, 2009
9:11 pm
I have to agree. That you almost feel like you own those shopping malls. You feel kind of like you have some ownership in them for some strange reason. Look at all we have! Yet if you look around everyone around you. Has really nothing but items, cars and homes that are on credit. So you look good in it or with it. But you don’t really own most of it.
It is naive for a person to look around and see wealth. When almost all of it is credit bought. It’s not a prosperous nations. But a debt ridden nation. I agree to they are just trying to keep us paying interest. Making sure more borrowing is happening.
Think about it everything is geared to getting loan money going again. Or the nation will not prosper. Question is who prospers. Certainly not the debt ridden. Which is most of America. Thats obvious.
Moreover I resent the banking system. The way the Treasury operates. And very most of all Credit Default Swaps. (Oh American Luv’s your Reveloution was just wonderfull). What this means is that all of the revenue brought in at tax time in the US. Has to be sent to another nation to buy all of their bad credit. Trust me the people that we HAVE to buy the bad credit obligations from live very well.
This is only a debtor nation has been for a long time. If you really understand the way the banks here operate you will know what I am saying.
shaggy
September 17th, 2009
6:59 am
Shocked – Wow, I’m impressed with your vitality. Are you a realtor or Mother Teresa?
However, I have a question. Since you say you are a realtor, how many inflated commissions did you take for selling houses and arranging interest free, ARM, etc.. to those poor innocent souls that had NO BUSINESS entering into a loan in the first place, because they could not possibly pay it off?
I am quite sure you used the streamlined pre-approval method of checking their pulse, then giving them the number for your guaranteed mortage lender, who also checked their pulse before closing the deal. Commissions for everybody, and we (America) now pay for your stupid, in my opinion “criminal”, greed. Plus, I am absolutely sure you donated your ridiculously inflated gains to an orphanage, right? Surely, someone that sits on such a high horse as you would never actually benefit from such a scam.
Oh, I have my mortage paid and am able to sit this one out, because I did make the right, sometimes hard, choices, and I am quite the opposite of lazz, stupid, or greedy. You and your kind on the other hand, took the easy money, kind of like a coke dealer, except legal, and a coke dealer runs tighter credit.
shaggy
September 17th, 2009
7:21 am
Gator Nation – I got distracted by Mother Teresa/realtor/shocked and didn’t comment on your wisdom.
You are the wrong “nation”, but you have the absolute right idea. The politicos, as usual, have the pacified masses right where they want them. Dumbed down.
Kristi Gilleland
September 17th, 2009
1:35 pm
One man’s loss, another man’s gain?
Isn’t that just a bit shameless?
We’re not talking about trinkets lost in the street, we’re talking about people’s homes. Families without homes and lives ruined.
Alex Williams
September 25th, 2009
8:27 am
We have reached the record but numbers won’t stop. More houses are expecting to be foreclosed. That’s a bad statistic to predict
Regards,
Alex
http://www.foreclosurerepos.com/
Home Buying and Home Selling Tips » Blog Archive » Foreclosures hit new record in metro Atlanta
October 10th, 2009
5:30 am
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