LOL


Do the chickens have large talons?

Honestly, I didn't like Napoleon Dynamite at all, but I laughed so hard that I scared the neighbor's dog after I saw that guy's photo.

Doomed from the start....

Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If there is one goddamn thing I am an expert on its the complexities of home ownership and the effect that irresponsible people have on a home and the costs associated with maintaining it.

I personally babysit over 100 households of all different levels of income and levels of personal responsibility.

Home ownership isnt a class thing, poor people can own homes just fine...

Its a common sense thing,

-take out the trash
-clean up your messes
-close the windows in the winter, open them in the summer
-change the furnace filter
-dont leave wet towels on the hardwood floors
-set the thermostat 2 degrees cooler or warmer than you are comfortable at and make up the difference with clothing.
-save some money for taxes insurance and maintainance.
-dont get a dog until you can care for your kids
-your car payment should be much less than your house payment
-your house payment should be much less than the maximum you can afford
-spend at least 5 hours a week doing odd jobs around the house

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.

Just for reference the guy in the photo does look like ND and he will try to give the poor houses whether they can afford them or care for them, and the rest of us will pay for it.

archichris: Doomed from the start....

Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If there is one goddamn thing I am an expert on its the complexities of home ownership and the effect that irresponsible people have on a home and the costs associated with maintaining it.

I personally babysit over 100 households of all different levels of income and levels of personal responsibility.

Home ownership isnt a class thing, poor people can own homes just fine...

Its a common sense thing,

-take out the trash
-clean up your messes
-close the windows in the winter, open them in the summer
-change the furnace filter
-dont leave wet towels on the hardwood floors
-set the thermostat 2 degrees cooler or warmer than you are comfortable at and make up the difference with clothing.
-save some money for taxes insurance and maintainance.
-dont get a dog until you can care for your kids
-your car payment should be much less than your house payment
-your house payment should be much less than the maximum you can afford
-spend at least 5 hours a week doing odd jobs around the house

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.

Just for reference the guy in the photo does look like ND and he will try to give the poor houses whether they can afford them or care for them, and the rest of us will pay for it.

Dude. . .dance lessons.

/and don't forget to vote for Pedro.
//want to play tetherball?

Let's just make the major point:

*Donovan oversaw 17,000 homes in one program aimed at low- and middle-income households.
*Of those 17,000 homes, five met with foreclosure. Five. In New York.

He'll do fine.

Everyone gets 40 acres and a bag of tots.

archichris: Doomed from the start....

Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If there is one goddamn thing I am an expert on its the complexities of home ownership and the effect that irresponsible people have on a home and the costs associated with maintaining it.

I personally babysit over 100 households of all different levels of income and levels of personal responsibility.

Home ownership isnt a class thing, poor people can own homes just fine...

Its a common sense thing,

-take out the trash
-clean up your messes
-close the windows in the winter, open them in the summer
-change the furnace filter
-dont leave wet towels on the hardwood floors
-set the thermostat 2 degrees cooler or warmer than you are comfortable at and make up the difference with clothing.
-save some money for taxes insurance and maintainance.
-dont get a dog until you can care for your kids
-your car payment should be much less than your house payment
-your house payment should be much less than the maximum you can afford
-spend at least 5 hours a week doing odd jobs around the house

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.

Just for reference the guy in the photo does look like ND and he will try to give the poor houses whether they can afford them or care for them, and the rest of us will pay for it.

Gosling just told you to shut the fark up, in a roundabout way.

Cue the "Beavis forehead" mugshot....

archichris: Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If there is one goddamn thing I am an expert on its the complexities of home ownership and the effect that irresponsible people have on a home and the costs associated with maintaining it.

Since you clearly don't have a clue as to what Obama believes, I'll give you that you're an expert on only one goddamn thing.

yem_tex: Cue the "Beavis forehead" mugshot....

archichris: Just for reference the guy in the photo does look like ND and he will try to give the poor houses whether they can afford them or care for them, and the rest of us will pay for it.

As long as it doesn't bankrupt me (and it won't), I'm fine with that. I can afford to lose a few bucks from my paycheck. They can't afford to live without a home.

I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy. In a sense it was the largest wealth transfer in history as every working persons 401K's are now financing this new version of "public housing." I suspect this is why he now has the job.

Chimperror2: I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy. In a sense it was the largest wealth transfer in history as every working persons 401K's are now financing this new version of "public housing." I suspect this is why he now has the job.

Strawman?

/Derivitives are cool

Not amused

Chimperror2: I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy.

archichris:
Home ownership isnt a class thing, poor people can own homes just fine...

Its a common sense thing,

-take out the trash
-clean up your messes
-close the windows in the winter, open them in the summer
-change the furnace filter
-dont leave wet towels on the hardwood floors
-set the thermostat 2 degrees cooler or warmer than you are comfortable at and make up the difference with clothing.
-save some money for taxes insurance and maintainance.
-dont get a dog until you can care for your kids
-your car payment should be much less than your house payment
-your house payment should be much less than the maximum you can afford
-spend at least 5 hours a week doing odd jobs around the house

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.

These are definitely words to live by. I think I'll nail them to my wall for future reference when I finally buy a house. Thank you:)

archichris: If there is one goddamn thing I am an expert on its the complexities of home ownership and the effect that irresponsible people have on a home and the costs associated with maintaining it. I personally babysit over 100 households of all different levels of income and levels of personal responsibility.

Just for reference the guy in the photo does look like ND and he will try to give the poor houses whether they can afford them or care for them, and the rest of us will pay for it.

Dude, you're a janitor. You ain't paying for shiat.

Sabyen91:

Strawman?

/Derivitives are cool

Nope. Everything about mortgages is leveraged. From the purchase (zero down?, interest only?), to the bank, to the bundler, to the derivatives, to the market. The derivative market was large, but it was not the end of the chain, nor was it the beginning. The reality is that the problem started when risky loans were required to be offered by law and they were bundled as the same risk as other loans. $1 trillion dollars in real money buys $10 trillion in real estate mortgages which drives $30 trillion in derivatives which affects $100 trillion in stock. It's silly to ignore the first step of undercapitalization and blame it on the middle derivatives. we learned this lesson in 1929 and it is why you can only margin 50% of your protfolio. if we required only 20% for housing (i.e. you margin 80% of your equity), we wouldn't be here. If banks weren't reuired to issue as many sub-prime loans as they did, we wouldn't be here.

Chimperror2: Sabyen91:

Strawman?

/Derivitives are cool

Nope. Everything about mortgages is leveraged. From the purchase (zero down?, interest only?), to the bank, to the bundler, to the derivatives, to the market. The derivative market was large, but it was not the end of the chain, nor was it the beginning. The reality is that the problem started when risky loans were required to be offered by law and they were bundled as the same risk as other loans. $1 trillion dollars in real money buys $10 trillion in real estate mortgages which drives $30 trillion in derivatives which affects $100 trillion in stock. It's silly to ignore the first step of undercapitalization and blame it on the middle derivatives. we learned this lesson in 1929 and it is why you can only margin 50% of your protfolio. if we required only 20% for housing (i.e. you margin 80% of your equity), we wouldn't be here. If banks weren't reuired to issue as many sub-prime loans as they did, we wouldn't be here.

AAAAHHHHHHH! Your huge words are burning my retina...

Chimperror2
Sabyen91:

Strawman?

/Derivitives are cool

Nope. Everything about mortgages is leveraged. From the purchase (zero down?, interest only?), to the bank, to the bundler, to the derivatives, to the market. The derivative market was large, but it was not the end of the chain, nor was it the beginning. The reality is that the problem started when risky loans were required to be offered by law and they were bundled as the same risk as other loans. $1 trillion dollars in real money buys $10 trillion in real estate mortgages which drives $30 trillion in derivatives which affects $100 trillion in stock. It's silly to ignore the first step of undercapitalization and blame it on the middle derivatives. we learned this lesson in 1929 and it is why you can only margin 50% of your protfolio. if we required only 20% for housing (i.e. you margin 80% of your equity), we wouldn't be here. If banks weren't reuired to issue as many sub-prime loans as they did, we wouldn't be here.


You are completely full of shiat. The percentage of failing mortgages that fall under the "the fed had to give bad loans to poor people" is very small. In fact, the majority of failing property is commercial.

Dumbass AM radio listener.

Chimperror2: Sabyen91:

Strawman?

/Derivitives are cool

Nope. Everything about mortgages is leveraged. From the purchase (zero down?, interest only?), to the bank, to the bundler, to the derivatives, to the market. The derivative market was large, but it was not the end of the chain, nor was it the beginning. The reality is that the problem started when risky loans were required to be offered by law and they were bundled as the same risk as other loans. $1 trillion dollars in real money buys $10 trillion in real estate mortgages which drives $30 trillion in derivatives which affects $100 trillion in stock. It's silly to ignore the first step of undercapitalization and blame it on the middle derivatives. we learned this lesson in 1929 and it is why you can only margin 50% of your protfolio. if we required only 20% for housing (i.e. you margin 80% of your equity), we wouldn't be here. If banks weren't reuired to issue as many sub-prime loans as they did, we wouldn't be here.

And yet you end up blaming the idiots who took the loans and don't even mention the idiots who gave the loans. Who is more at fault? One group should certainly know better.

Chimperror2: I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy.

Riiiight.... 1:3400 ... 1:452 ... Both of these ratios express the probability that a given mortgage will be foreclosed upon...

One of these ratios is from mortgages under the auspices of a program administered by a 'libtard genius' you claim the like of which 'crushed the economy'.

The other ratio is the national average.

Which is which?

Chimperror2: It's silly to ignore the first step of undercapitalization and blame it on the middle derivatives. .

This, in context of the discussion, is also retarded.

Turn off Rush. Read a book.

archichris: Doomed from the start....

Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.


Dude, you missed the whole lesson of this crisis.
1) zero down, with subsidized interest rate means you only own your home if the value goes up. If it goes down, you are renting and sticking the loss to the taxpayer.
2). You get to deduct your rent on your taxes (if you pay them).
3). In addition to item 1, the government will actually step in and stop the bank from repossessing your rental by giving the bank taxpayer money so you don't have to move out.

This is the new home ownership model.

Chimperror2: archichris: Doomed from the start....

Obama still believes that you can bring home ownership to the irresponsible with enough public money.

If you cant handle this relatively simple list then dont buy a house. And dont ask the rest of us to pay for your poor housing decisions.


Dude, you missed the whole lesson of this crisis.
1) zero down, with subsidized interest rate means you only own your home if the value goes up. If it goes down, you are renting and sticking the loss to the taxpayer.
2). You get to deduct your rent on your taxes (if you pay them).
3). In addition to item 1, the government will actually step in and stop the bank from repossessing your rental by giving the bank taxpayer money so you don't have to move out.

This is the new home ownership model.

So you blame those that buy into the American Dream instead of those using it as a Ponzi Scheme. Congrats.

Gosling: Let's just make the major point:

*Donovan oversaw 17,000 homes in one program aimed at low- and middle-income households.
*Of those 17,000 homes, five met with foreclosure. Five. In New York.

He'll do fine.

No, you don't get it! He is a Socialist. He will take all the money from people with jobs, and give it to the unemployed, in accordance with Sharia law.

Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

That's because he is an idiot. But the biggest idiots are those that try to engage him in discussion. Fark is retarded.

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

MentalMoment: But don't know of any law that required this.

Oh, come on! That law was the greatest bilking of investors which ever happened! Tons of investors put huge amounts of money into real estate investments and they didn't even know the law. Can you believe such a thing? Would you do that with your money? Even if you had tons of it?

PascalsGhost: MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

That's because he is an idiot. But the biggest idiots are those that try to engage him in discussion. Fark is retarded.

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

So you blame the people engaging him instead of him. You make the same argument he does.

Chimperror2: I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy.

Do you even know what the hell either of those firms actually did?

So basically, if you put 20% down when you buy a house, you are leveraged 5 to 1. And it's great when house prices are rising, you get the return on an investment that's five times what you put into it.

But it gets ugly fast if things aren't going your way. It gets ugly even faster if you put 0% down. If the housing market is down from when you bought,and you put 0% down, the house is worth less than the mortgage, You'll have to come up with cash at settlement to sell that house.

Ouch!

Sabyen91: PascalsGhost: MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

That's because he is an idiot. But the biggest idiots are those that try to engage him in discussion. Fark is retarded.

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

So you blame the people engaging him instead of him. You make the same argument he does.

I do. You people should know better.

When somebody argues the sky is red and not blue, do you engage him or laugh and turn away?

Wouldn't you feel like a fool arguing the sky is blue?

Deciding if to engage him or not is a type of intelligence test.

Actually, after viewing his profile, I'm going to take a wild guess and say he's an alt. Just a hunch.

PascalsGhost: Sabyen91: PascalsGhost: MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

That's because he is an idiot. But the biggest idiots are those that try to engage him in discussion. Fark is retarded.

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

So you blame the people engaging him instead of him. You make the same argument he does.

I do. You people should know better.

When somebody argues the sky is red and not blue, do you engage him or laugh and turn away?

Wouldn't you feel like a fool arguing the sky is blue?

Deciding if to engage him or not is a type of intelligence test.

It is 1:37 in the morning. I think the test is for those that think logic is even applicable at this point. Think about it...it is already Fark...and now it is bar time.

MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

Community Reinvestment Act requires banks to make loans to underserved areas. Fannie and Freddie started claiming their subprime loans met their CRA requirements for affordable housing and started accumulating them.

Chimperror2: MentalMoment: Chimperror2: The reality is that the problem started when risky loans were required to be offered by law

OK...

and they were bundled as the same risk as other loans.

But don't know of any law that required this.

Community Reinvestment Act requires banks to make loans to underserved areas. Fannie and Freddie started claiming their subprime loans met their CRA requirements for affordable housing and started accumulating them.

LOL

No, you don't get it! He is a Socialist. He will take all the money from people with jobs, and give it to the unemployed, in accordance with Sharia law.

If that was a troll, you get negative five out of 10. If that was sarcasm, I'm not in the mood. Either way, be quiet now, you're not particularly funny.

Valarius: No, you don't get it! He is a Socialist. He will take all the money from people with jobs, and give it to the unemployed, in accordance with Sharia law.

If that was a troll, you get negative five out of 10. If that was sarcasm, I'm not in the mood. Either way, be quiet now, you're not particularly funny.

Serious cat is serious.

Idiotic Quote #1:

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

Idiotic Quote #2:

When somebody argues the sky is red and not blue, do you engage him or laugh and turn away? Wouldn't you feel like a fool arguing the sky is blue? Deciding if to engage him or not is a type of intelligence test.

Congratulations. Adolf Hitler believed anyone who painted a green sky and blue grass should be killed. You've just Godwinned this discussion. Damn you.

Troll: negative 354, on a scale from one to ten.

Valarius: Idiotic Quote #1:

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

Idiotic Quote #2:

When somebody argues the sky is red and not blue, do you engage him or laugh and turn away? Wouldn't you feel like a fool arguing the sky is blue? Deciding if to engage him or not is a type of intelligence test.

Congratulations. Adolf Hitler believed anyone who painted a green sky and blue grass should be killed. You've just Godwinned this discussion. Damn you.

Troll: negative 354, on a scale from one to ten.

Valium dude. Hitler wants you to take a Luud.

Erebus1954: So basically, if you put 20% down when you buy a house, you are leveraged 5 to 1. And it's great when house prices are rising, you get the return on an investment that's five times what you put into it.

But it gets ugly fast if things aren't going your way. It gets ugly even faster if you put 0% down. If the housing market is down from when you bought,and you put 0% down, the house is worth less than the mortgage, You'll have to come up with cash at settlement to sell that house.

Ouch!

Nice try, but today you just give it to the bank and walk away. Heck, the bank used to sell it for that loss and they would report the difference as "income" to the IRS since they effectively just gave you that money but they don't even do that anymore.

Valarius: Idiotic Quote #1:

Bottom line is this : Poor shiftless negros and liberals caused this mess. Deal with it.

Idiotic Quote #2:

When somebody argues the sky is red and not blue, do you engage him or laugh and turn away? Wouldn't you feel like a fool arguing the sky is blue? Deciding if to engage him or not is a type of intelligence test.

Congratulations. Adolf Hitler believed anyone who painted a green sky and blue grass should be killed. You've just Godwinned this discussion. Damn you.

Troll: negative 354, on a scale from one to ten.

No troll. One was a joke, and two you obviously just don't get.

I bet you are great fun at parties. Kill yourself.

Serious cat is serious.

Serious cat is laughing his head off at the Farkitrol ads. Can I haz secksy wht grl plz?

Serious cat laughing at you: not yours.

Chimperror2: Nice try, but today you just give it to the bank and walk away. Heck, the bank used to sell it for that loss and they would report the difference as "income" to the IRS since they effectively just gave you that money but they don't even do that anymore.

LOL.

Valarius: Serious cat is serious.

Serious cat is laughing his head off at the Farkitrol ads. Can I haz secksy wht grl plz?

Serious cat laughing at you: not yours.

And yet you failed to provide a secksy wht grl. Serious cat is severely disappointed.

No troll. One was a joke, and two you obviously just don't get.

I bet you are great fun at parties. Kill yourself.


For someone who thinks I don't understand him, you've managed to take my observations personally.

I'll die when I take you with me, pond scum.

Outshined_One: Chimperror2: I'm pretty sure it's libtard geniuses like this at Fannie and Freddie that created the mortgage fiasco that crushed the economy.

Do you even know what the hell either of those firms actually did?

Now? I think they are a job bank for libtard geniuses that find themselves out of work.

Valarius: No troll. One was a joke, and two you obviously just don't get.

I bet you are great fun at parties. Kill yourself.


For someone who thinks I don't understand him, you've managed to take my observations personally.

I'll die when I take you with me, pond scum.

Heh, gold.