the winnipeg sandbox
Would you like to react to this message? Create an account in a few clicks or log in to continue.
the winnipeg sandbox

Latest topics

» Gord Steeves should run for Mayor
by FlyingRat Wed Aug 13, 2014 4:58 pm

» To discontinue?
by EdWin Sat Jul 12, 2014 9:26 pm

» Sandbox breakfast get-together, Saturday, January 25, 2014.
by rosencrentz Fri Apr 11, 2014 11:27 pm

» 2013-14 Bisons/CIS Thread
by Hollywood Tue Apr 01, 2014 11:56 pm

» Katz must resign
by cobragt Mon Oct 28, 2013 5:09 pm

» Best Breakfast/Brunch
by cobragt Mon Oct 28, 2013 5:07 pm

» Manitoba Action Party
by RogerStrong Mon Oct 21, 2013 2:24 pm

» Police Respond to a silent alarm With Guns Drawn
by EdWin Tue Aug 20, 2013 10:10 pm

» Details about Cineplex SuperTicket -- interesting promotion
by MattKel Thu Jul 18, 2013 4:08 pm

» Freep locks out non-subscriber commentary
by Deank Mon Jul 08, 2013 3:58 pm

» 7-year sentence for Berlusconi
by FlyingRat Mon Jun 24, 2013 2:32 pm

» New Stadium
by grumpy old man Mon May 27, 2013 4:34 pm

» Winnipeg News Android App
by grumpy old man Mon May 27, 2013 4:33 pm

» First Post
by grumpy old man Fri May 24, 2013 2:43 pm

» The New Sals at Pembina and Stafford
by grumpy old man Thu Apr 25, 2013 1:35 pm

» Emma Watson wants to do nude scenes for 50 shades of grey movie
by FlyingRat Wed Apr 24, 2013 10:39 am

» Museum finally admits it needs to raise more money priovately.
by FlyingRat Wed Apr 24, 2013 10:32 am

» And You Thought Your Taxes Are High Now!!!
by FlyingRat Wed Apr 24, 2013 10:21 am

» free chocolate sample
by cobragt Sun Mar 31, 2013 6:12 pm

» Do you want a gift certificate for A winnipeg restraunt?
by cobragt Sun Mar 31, 2013 6:12 pm


You are not connected. Please login or register

owe more then your home is worth?

4 posters

Go down  Message [Page 1 of 1]

1owe more then your home is worth? Empty owe more then your home is worth? Mon May 18, 2009 9:16 pm

Deank

Deank
contributor eminence
contributor eminence

obviously thats a big problem in the states right now,

this little chart shows the percentage thats its a problem in

http://finance.yahoo.com/real-estate/article/107041/House-Price-Drops-Leave-More-Underwater

overall USA 21.9% of the homes are worth less then the mortgages held on the, ( good news for edwin, Phoenix is at 41.7% ) and Las Vegas?? a mind blowing 67.2%

2owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:20 pm

Deank

Deank
contributor eminence
contributor eminence

I think I have a great solution for them, will boost the economy greatly and help these families out of a tight spot. Open the borders up to vastly increased immigration provided the people move in and share the house with one of these people in a tought situation. The insane growth in population will kick start the economy and they can pay "rent" of the mortgage payment for 2 years.. should be enough time for the family to recover, the housing markets to boom and everything will be fine.

Seems to work great for the immigrants who move here and live 2 or 3 generations to one house until they get on their feet and start buying businesses,

3owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:30 pm

Outsider

Outsider
contributor plus
contributor plus

But what will all these immigrants do to earn all of these rent payments.
Won't too many workers for too few jobs will just drive down wages which will just to lead to more of the problem we now face?

4owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:51 pm

rosencrentz

rosencrentz
uber-contributor
uber-contributor

All American businessmen are crooks! They invented ways to charge , upcharge, overcharge on phoney evaluations of mortgage property. They suckered the public who didn't have any money down, had no jobs and still were ablr to arrange mortgages. They screwed so many and were rewarded with millions of dollars in bonuses!

http://www.elansofas.com

5owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:53 pm

Guest

Anonymous
Guest

Besides most will buy a convenience store and live in the basement it is easier to get in as an bussiness owner then as a regular Joe .

Some will buy a cab and claim they make no money , then have the nerve to want 150 thou for the cab licence if you ask what price to sell it .

6owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:53 pm

EdWin

EdWin
major-contributor
major-contributor

Deank wrote:obviously thats a big problem in the states right now,

this little chart shows the percentage thats its a problem in

http://finance.yahoo.com/real-estate/article/107041/House-Price-Drops-Leave-More-Underwater

overall USA 21.9% of the homes are worth less then the mortgages held on the, ( good news for edwin, Phoenix is at 41.7% ) and Las Vegas?? a mind blowing 67.2%

Tis why I'm seriously looking into purchasing down there. I'm told there would be several loopholes I'd have to jump through, but we'll see. I'm pretty excited about it though.

7owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 9:55 pm

Guest

Anonymous
Guest

Freind did it talk to a good lawyer as there are alot of tax questions , and legal things to cover if you rent it .

8owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 10:21 pm

Deank

Deank
contributor eminence
contributor eminence

more people, means more goods and services needed, means more jobs, will they be high paying jobs? doubtful (at first) but immigrants for the most part usually have no problem at all taking the low paying jobs at first and working hard and turning it around for the better for their families.

Why was Winnipeg once a major player in Canada's economy? immigration... why was(still is??) Calgary a boomtown? immigration..
its an interesting cycle, more immigration brings jobs, brings more immigration, brings jobs... check the history books almost every time there was a economic disaster it was solved by the moving of people.

9owe more then your home is worth? Empty Re: owe more then your home is worth? Mon May 18, 2009 11:01 pm

Guest

Anonymous
Guest

The latest srtange thing that I've heard of is that some people are telling their 'bank' to provide legal documentation that they owe money.

Since this 'derivitive scam' much of the paperwork has disappeared and some people are getting their homes at a reduced rate.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum