So why would that be a problem?
ACORN Urges Civil Disobedience in Foreclosure Evictions
- Thread starter fishjie
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So why would that be a problem?
kulade
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We can all commiserate with the evicted, but the fact is unless someone is looking to give away free homes, there is nothing anyone can do.
This is not civil disobedience at all. Civil disobedience implies that the disobedient are protesting an unjust law, not a financial obligation with their own signature on it...
This is not civil disobedience at all. Civil disobedience implies that the disobedient are protesting an unjust law, not a financial obligation with their own signature on it...
Rashiminos
Fool Prophet
It may also lead to blaming "stupid, poor" people for the current economic downturn.
I dont feel sorry for these people. I'm sorry but I work. I make my credit card payments. I pay my rent. I pay my car payment. I have things I can afford. Why should I feel for the people that dont take this responsibility? All these people that are getting bailed out or kept from losing their homes by the government, what are they going to do for me?
Maybe if you have the government bail your ass out, you lost your stimulus check and it goes in to go back to the people that had to spend their tax dollars to help you.
Maybe if you have the government bail your ass out, you lost your stimulus check and it goes in to go back to the people that had to spend their tax dollars to help you.
No, it would do responsible people good... what will the bank do with those foreclosed homes? Sell them to people that can actually pay the mortgages on them.
Bailing out people that lived beyond their means sends a bad signal to people that believe that being responsible isn't yet a big crock of dog poo.
Higher Game
National Socialist
Uh, skeptical thought is fine, it's the disobedience part that's the problem.
Well, that's half right, which is better than average it seems.
Rashiminos
Fool Prophet
As far as I'm aware, neither TARP nor the stimulus bill has provisions for directly helping homeowners at risk for foreclosure.
I suspect many of the people involved would love to fulfill those responsibilities, but for some reason or another are unable to do so.
If they can sell them at all.
He was talking about the responsible neighbors, not responsible buyers, who would be hurt tremendously by the drastic decrease in their property values.
Rashiminos
Fool Prophet
Since you answered to that particular quote, would you mind telling us if you think the people living in Nazi Germany should have obeyed its genocidal laws (and other unjust laws) even if they disagreed with them?
It's not even half-right.
kulade
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That should make little difference. What reason would neighboring homeowners have to sell there houses at a time like this?
Surely they may be psychologically distressed by lower house prices, but in the end, home values will rise as neighborhood fill up with homeowners able to pay...
SS-18 ICBM
Oscillator
I am not sure who's wrong here: the financial institutions who offered the mortgages or the homeowners who took said mortgages. But I am sure this action isn't productive in any way (I wonder how much is it going to cost taxpayers to arrest these people).
People who have never missed a mortgage payment have a lot of reasons to sell a house. Including losing a job, being transferred or getting a job in a different location, having a reduction in income that necessitates a smaller place, divorce, or any number of other reasons.
kulade
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But chance is, even if moving is needed, they'll be moving into a neighborhood with depreciated house values as well...
There's the little matter of the mortgage not being able to be paid off with the deprecated house value; they wouldn't be able to get out of their current home.
People with common sense know that nothing can keep going up forever. The real estate, and the economy in general, has always had cycles of growth and decline. Its natural. If there's a lot of growth (like what happened when we deregulated) its followed by a huge crash. Usually people have about a 20 year memory when it comes to bubbles. That is, after 20 years they forgot how they got into the last mess and screw themselves over again. What's funny about this mess is that the dot com bubble happens just a few years ago, but apparently nobody learned their lesson. Plenty of people with common sense were saying that this real estate bubble was unsustainable. They were laughed at. Now guys like Peter Schiff are proclaimed as brilliant when really its just common sense.
Bubbles are caused by greed and delusion
So yes, we do need way more strict regulation. Also stricter punishment. Madoff and Stanford did what they did because the reward (billions of dollars) outweighed the risk (a slap on the wrist). The way wall street's currently set up, it pays to commit fraud and crime. IF however, we execute them, it will significantly change the risk/reward ratio. And I believe white collar crime damages way more people than blue collar. A serial killer kills 20 people, Madoff Ponzi scheme on the other hand has ruined tons of families and charities. He deserves the chair, or at least getting raped in ass pounding prison. The shady mortgage brokers? Ten years in jail minimum.
But at the same time we need accountability. Poor people can't pay for their homes, now responsible people should be able to buy them at discounted prices. You realize ratio of median income to house price was abnormally high these past few years right? This foreclosure rescue bs is just going to keep it at those abnormal levels instead of returning it to healthy levels, which would funny enough, allow more people to afford homes. Which is what all these hippies want in the first place. The poor stupid people kept prices abnormally high because they bought stuff they couldn't afford. They wanted to take shortcuts instead of saving diligently for years and years. The smart responsible ppl sat on the sidelines because they realized they couldn't afford it. Now they finally can, and Obama's spewing all this BS about bailing out these foreclosures. Once again, savers are punished.
That doesn't help if they can't get out of their current home.
Higher Game
National Socialist
There's no such thing as an unjust law. Laws are just by definition, and unlike power grabbing dictators, the Nazis were actually appointed legally. People made their own damn bed, so they should sleep in it. Yes, they should obey the laws, even if they don't feel like it.
Stupidity causes 100% of our problems. At least.
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