"Foreclosures aren't bad, they're indifferent" is penned by Stan Mattley. Find posts like this one at:
http://www.kylesisk.typepad.com/
Hi all,
Meet the Harper family. The Harpers bought a house and did not know they needed to pay to have their septic tank flushed-so it broke and their home was uninhabitable with human waste covering their floors.
http://realitytv.about.com/od/extrememakeoverhome/ss/HarperMakeover.htm
Hundreds of nice folks in Georgia donated a week of their life and made hundreds of thousands in donations to:
1. tear down their old home
2. Build them a mansion
3. Develop a home maintenance fund (all utilities, 25 years of taxes, and emergency funds so any repairs should be covered)
4. Pay off their old mortgage
5. Provide college scholarships for all of their children. -pretty nice huh? All they have to do is get a job and pay for food and clothing- kind of like a college student or teenager does.
Fast forward one year....
Family is so grateful, it:
1. Uses the collateral in the house to get $450,000 in cash
2. Believes they can remain unemployed while paying off the loan
3. Use so much of the cash that they cannot even afford to make mortgage payments after six months into the loan (must have been one heck of a fun six months!).
4. Promptly default on their loan and are homeless once more- unless of course our government would like to bail them out by taking money away from you and your family in the form of ridiculous taxes.
You cannot govern to the lowest common denominator if you want the best for your citizens.
Democrats believe we have evolved from apes.
Under that premise, the 'father of evolution theory', Charles Darwin, proposed the basic law of evolution is natural selection or 'survival of the fittest'. Taking that into consideration, why do Democrats (and bullied Republicans) constantly propose policy to subsidize survival of the unfit (HR 3221 http://www.govtrack.us/congress/bill.xpd?bill=h110-3221)
Shouldn't the sensible people be rewarded?
Why are people that make their home payments every month burdened with higher taxes to provide for those who should be 'thinned from the herd'???
A good dose of foreclosures could be a valuable lesson of fiscal responsibility much needed in our society.
A society that spends $68.2 billion in cable TV, $18.8 billion in video games, $17.1 billion at the box office, $6.6 billion in mobile cell phone games, $4 billion in ring tones, $3 billion in rock concerts, $2 billion on NBA salaries, $2 billion on digital music downloads, $1 billion on MLB salaries, and $1 billion on on-line game subscriptions (these numbers are 2 years old and have likely grown-I got them from a daveharrold.net article).
If people aren't in debt from this garbage, they can make their housing payments. If people don't NEED to buy this garbage they wouldn't take out home equity lines to pay for them.
During a recent trip to BestBuy my brother-in-law pointed out a number of people hauling blue-ray players, Xboxes, flat-screen TVs and every piece of worthless $200 piece of plastic garbage you could think of and putting it in the trunk of cars that were falling apart and packed full of kids. It was obvious that a $50 video game to play on a $400 system was probably not the best investment for these families-yet there they were-right in front of me...the people that will vote for socialized health care because a $25 copay for the doctor is far too much.
We better watch what type of behavior we incent because the smart people will soon realize the good money is in not being responsible.
