Market crash: are we there yet ?

[Rickm505]

Originally Posted by chucklesR

.....They are NOT because of foreclosures; they've been there all along you idiot! and silly statements that a bank will not foreclose on a 400 dollar a month shortfall - lack a reality that only extremely narrow minded none realistic people attain.

So.... now I'm an idiot? Does anyone notice that when I post facts, the kneejerk Neocon reaction is to dispute them. Never offer facts to support that position. Nope.... they just decide it isn't true. Ridicule and name calling is substituted for fact.

Also notice, that personal attacks on me are allowed on Sailnet. You should also know that when I reply in kind, my posts are deleted. Admittedly, that's one of the reasons I'm weary of this thread and this board for that matter.

Anyway, it's an interesting comment from a guy who doesn't know how to use a search engine. Here... let me help you out.
______________________________________

Thursday, December 06, 2007
St. Petersburg Times

New tent city opens in St. Petersburg
http://homelessrq.blogspot.com/
Debra Lilley unpacks her things in a tent after arriving at Pinellas Hope, a new facility that provides assistance and shelter .......
__________________________________________________ _________

St. Pete to open Pinellas Hope tent city for homeless tomorrow


by: FloridaHousingNewsNet
Fri Nov 30, 2007 at 09:17:05 AM EST

ST. PETERSBURG, Fla. --- [Cristina Silva at TampaBay.com ] (St. Petersburg Times) reports that a new 'tent city' dubbed Pinellas Hope will open tomorrow.

Pinellas Hope will sprawl across 7 acres along 126th Avenue N near 49th Street. The tent city will include an outdoor dining room, computers, Internet access, and designated areas where the homeless can speak with caseworkers, social service agency representatives, and other support facilitators........
__________________________________________________ ______
Homeless in Sarasota Bradenton
http://homelessrq.blogspot.com/
Saturday, December 22, 2007

Shelters fill up as housing jobs drop

Construction workers, carpenters, real estate agents and even mortgage brokers - those who once profited from the now-deflated housing boom - are now out of work and seeking public assistance.

Officials with the Community Coalition on Homelessness for Manatee County say they are getting a growing number of calls for help from those connected with the housing boom who have either lost their homes or are at risk of foreclosure...................
__________________________________________________ ___________

Now I suppose he'll respond with "they deserve it"...

Sheesh.. Neocons...gotta hate 'em

[chucklesR]

Rick,
Perhaps when you make idiotic comments like tent cities are springing up because of the APR resets causing folks to loose their homes, perhaps then it's okay to call you an idiot and not get deleted.

Your articles re: the homeless are exactly the ones I DID read after googling it and include such folks as those that have had their social security checks disallowed, homeless ex-felons who like to live out doors, jobless folks etc...

Do they deserve it? Don't know. I know my 20 year old daughter worked three jobs to pay rent (full disclousure, she decided she didn't like that and moved back in)

Where are the articles about NEW tent cities due to foreclosures caused by APR resets which is specifically what you said was causing them? I admit my search skills were not up to finding them.

Here's a thought, when 75% of the folks around you disagree with you, you might be wrong.

[soulesailor]

Originally Posted by chucklesR

What works for me is if I borrow money I pay for it.
What works for me is I don't loan money to bad risks or family (just give it instead)
What works for me is I don't count on money until it's mine.
What works for me is I don't buy things I can't pay for without gar-run-teed money (my retirement check) - not counting my mortgage of course.
What works for me is I keep 1 months of bills in my 5.4% savings and another 2 months in accounts I can get to with 30 days notice.
What works for me is we live off one paycheck and invest the other bigger paycheck.
What works for me is I place no value in 'paper' money (i.e., I bought my house for 350, the next year it appraised at 550, that's paper money and I don't take loans based on that). My 401k, IRA, bonds etc. are paper money until the day I convert them.

What works for me is I don't listen to any of the talking heads.

Chuckles~ you are way too sensible with your money. Are you sure you're an American? Wouldn't you rather take a huge unsecure risk and start all over again with some credit if it fails?

[TrueBlue]

A man who claims to be sensible with money and is an obsessive boat-owner is either delusional or in denial.

[xort]

Originally Posted by TrueBlue

A man who claims to be sensible with money and is an obsessive boat-owner is either delusional or in denial.

Wel, every man has his weakness, eh?

[sailingdog]

Chuckles is obviously delusional. If he was in denial, he'd be in Egypt.

[soulesailor]

You gotta choose what you like and let it kill you- Kinky Friedman

[chucklesR]

Perhaps delusional. I just (last week) traded my paid for 2004 Ranger 4X4 for a 2007 Mazda rx-8 grand touring edition with a cold air intake upgrade. Paid 15k cash for it after trade in.
On the other hand -
I grew up dirt poor in a trailer court and I've been a penny pincher all my life and lived over 10 years on Navy ships as a single Chief, stuffing my entire paycheck other than 100 a payday into investments that now take care of themselves. I live on what I made as a Chief with 22 years and make 3 times that now - and my wife makes more than I do. We have a solid commitment to 75k after tax per year of investments, and 15% 401k contributions - no new loans, but 3 vacations a year out of country as our sole 'party'.

My entire boating budget is paid directly out of the account my Navy retirement check goes into. If the balance is zero, I spend zero.

[Cruisingdad]

Howdy!! I am back... I see this thread is as nice as always. Good thing I cashed out of the market and bought my solar stick, BABY!! Now when all you sucka's are livin' under da bridge, you be a wishin' you was near CD with his massive solar array and solar sticks 5 solar sticks... with amptly soldered connections and grounded with my best Danforth Anchor.

Need I say more??
HAHA!

Cheer up. You still got enough money to get on the internet!!!!!

HAHA!

- CD

[chucklesR]

As to being a neocon with knee jerk reactions per Rick - nope, not newly conservative, been a hard working, blue collar, registered Independent all my life that believes in personal responsibility and accountability and that if I should pay a tax it should be used for good, not supporting others who want to sit on their butts and whine.
To me good means building something (roads, infrastructure), not doling it out to politicians buddies and welfare programs that just create more problems and need new taxes to support.
We'll just have disagree on the 'facts' as we see them.