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| User Info | More Fraud: Homebuyer "Tax Credit" in forum [Ticker] | |||
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Genesis Posts: 71346 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1521-M....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-10-20 08:21:20
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Striker754 Posts: 142 Incept: 2009-07-09 Online
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I laughed hard when it said she wanted to buy more houses. Wow lady come on
2009-10-20 08:26:46
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Trades50 Posts: 1138 Incept: 2007-10-30 
IL
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Their still pushing the little or no money down method. A guy I know that's doing says Ben will inflate so the homes he's buying will double in price once inflation kicks in. So he's loading up on foreclosed homes right now. There are hoards of others doing the same thing. One home he purchased was going for $400,000 during the peak. He picked it up for $200,000. All Betting that homes will bounce back once Benny trashes the dollar. He was right last time. He's betting he's right again. So are many others. ---------- Labor for the Globalist: World Class means Third World Class.
2009-10-20 08:42:41
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Rbarreira Posts: 1416 Incept: 2009-05-27 Sweden Online
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Maybe she should quit one of her jobs and use the time to learn some common sense.
2009-10-20 08:43:34
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Bagbalm Posts: 979 Incept: 2009-03-19 
Just North of Detroit
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Supposing inflation does come in soon - just who do these people 'snapping up' these houses think are going to buy these homes at inflated prices? I see no evidence employers are willing to raise wages. If prices go up it will be a race to the bottom to see who can still afford gas to get to work and buy enough rice and beans to survive - not bigger houses.
2009-10-20 09:13:25
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Tesla Posts: 8172 Incept: 2008-04-03
Delaware
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They're counting on a government program to "help" them afford a home...just like this program. I think at this point everyone realizes the only entity spending money (or with money to spend!) is Uncle Sugar. ---------- "Neither the wisest Constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt." Samuel Adams I'd rather die on my feet than live on my knees. - Emiliano Zapata
2009-10-20 09:27:12
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Mortgageguymn Posts: 181 Incept: 2009-03-09
North Coast
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Do you think the tax credit will be extended on Dec 1st, or will we have to wait until Dec 2nd to hear of its beng extended?
---------- "Neither a borrower nor a lender be." - Harold Hecuba
2009-10-20 09:49:03
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Lucky1 Posts: 64 Incept: 2009-08-05
Pittsburgh
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Wow. Just wow. What a shame. This girl is 20 years old, and has gleefully signed up to be a debt slave for life. Poor soul - she is too young to have experienced any true downside in life - and she was a minor when the housing bubble took off. She has been tricked into believing that $155K for a gutted dump with no fixtures is a bargain, because based on her life experience, it is. She is already at nearly 120% LTV on the house, and while she may have fixed up the inside of her 'box' of a house, the outside is still a wreck with patches in the outside walls missing around the windows, postage stamp lot, etc. Also, she passed up the opportunity to attend college, instead diverting the funds instead to purchasing the house. (I know, I know, useless degrees and all...but still - it would have at least given her a chance to work at something more lucrative than retail at the 3rd job - Macy's). She is one economic hiccup away from losing one or more of those 3 jobs - esp. Macy's (!) Yikes. She has about $1,000 per month, maybe, to live on - in California! In the vid, she talks about if she does lose a job, she's willing to do any work, including cleaning lady - again - (!). She passed up a chance to expand her value in the workplace in order to risk becoming a cleaning lady in order to support a pile of bricks! THIS is the evil that the lies of all of these banksters and .gov fraudsters has perpetrated. Banksters: "Destroying lives, one loan at a time." ---------- "Crime is contagious. If the government becomes a law-breaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy." -USSC Justice Louis D. Brandeis: Dissenting Opinion in "Olmstead v. United States" (1928)
2009-10-20 10:50:53
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Tacoflavored Posts: 105 Incept: 2007-09-07
Tortilla Flats
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Would the IRS release the addresses and closing dates of all homes claiming the first-time home owners credit if presented with a FOIA request, or does that information fall under privacy exclusions? Fraud detection could be crowdsourced, and I wouldn't mind putting on my Stasi hat and ratting out the any local "investor" who claims the credit and then puts the house back on the market or rents it.
2009-10-20 11:15:07
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Mcmwest Posts: 34 Incept: 2009-04-06 Western Kansas
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Ms. Tejada appears to be a complete idiot along with anyone involved in underwriting the loan. Wonder what she was paying in rent before she bought. Maybe she just saw the opportunity to get into a nicer place for the same or even lower payments than she was already making and knows she will go bust eventually. I think many are just starting to party until it all comes to an end.
2009-10-20 12:58:07
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