20 Percent of Americans are delinquent on their mortgages.
Date: Friday August 21, 2009Posted in: Uncategorized
I just heard on the Radio today that a new report shows 17 percent of Americans, are delinquent on their mortgages and I know this to be accurate. I actually think it is higher in South Florida. I know of at least 1 out of 5 of my acquaintances are not paying their mortgages and yet they all think that they are doing the right thing.
They all have some lawyers who are basically telling them to do this, in order to pressure their banks into giving them a better deal on their loan modifications or to help them to do a short sale. This behavior is shameful and inexcusable. I really consider them as jerks and as you notice I refer to them as acquaintances rather than friends. These people are really fresh.
I told some of them that even if they have a very high mortgage, well then they should try to pay at least half, or make at least one payment every two months. But instead these people are living the good life. They have plenty of money for food, beer and the finest liquors. They are wearing the latest name brand clothing and they go to fine restaurants almost on a daily basis.
Some of these people are not even paying their homeowners association fees, which has led to a recent increase in my fees. This means that I have to pay for their good life.
I still pay my mortgage and other housing related expenses of over $2000 per month, even with a temporary pay cut, I still keep paying. This sometimes means that my family barely has money to buy food, other than the bare necessities, we live each month pay check to paycheck, but we still pay our mortgage on time every month. We believe that sacrifice shows integrity and that is something that these other people lack.
Now the worst part is that some new laws, recently passed by congress are actually helping these people. They are living off of my future tax dollars and a hyper inflation that is bound to come rolling out in the near future. Actually it is already beginning as food and gas prices are slowing creeping up.
I am not an evil person, but I really hope that somehow the banks take away some of these homes, rather than giving these people a modified loan. At least one of them needs to learn a lesson and then pass it on to the rest of their circle of friends and family.
40% Under Employment Americas real biggest problem.
Date: Wednesday July 15, 2009Posted in: Credit Loans, Politics, Real Estate, finance, justice, scams, work from home
Our economy is being affected by 2 major problems. One is the housing crisis, which covers everything from loss of credit to foreclosures, loss of home equity that people can use to borrow and spend. This generally means less people can afford to do home improvements, or buy home appliances or cars.
Well with that said, this also leads to the second major problem which is underemployment. I can already see based upon my own experience that certain professions like handymen and car salesmen are effected by our first problem, yet they may never file for unemployment. They are just under employed. What actually is happening right now is that there are about 10 percent national unemployment and 40 percent more are underemployed.
I can also say that I myself am underemployed, I have taken a pay cut but I still remain working at my same job and I refuse to slack off. I am forced to go out and pursue side job every weekend but I do it and I pay my bills. This is a major problem that I wish our big government would realize and it really hurts us all.
Underemployment is a much bigger problem than unemployment.
If we only had a problem with unemployment, things would not be so bad. I know it’s tough to be unemployed, because I have been in that position myself. After a few weeks it can make you feel tired and less enthusiastic about looking for a new job, but you have to do it.
Now I can also say that some people who are unemployed are not even looking for a new job. Especially if you are single and you live with relatives, then you can enjoy that check every 2 weeks and live a lazy life. I actually have seen this with my own eyes when I used to go to the unemployment office I saw many lazy people and I even rented a room to a person like this. They all tried to tell me that they would rather stay unemployed, because they can’t find a job that pays well.
That kind of attitude tells me that there are so many lazy people out there. I honestly think that out of 10 percent unemployed only 4 or 5 percent are truly unemployed the rest of these people are just too lazy to go out early in the morning to look for work. Or they are not willing to take any job unless it’s one where they sit in an air-conditioned office and slack off. Maybe that was the reason they got laid off in the first place.
These are also the same type of people that choose to stop paying their rent or mortgages, because they think the government is going to help them out. I’d say help them out to be more lazy. I wish we would just deport these lazy people instead.
Taxis Monopoly in America
Date: Tuesday July 7, 2009Posted in: Economics, Hot latina girls, News (New), Politics, justice, legal stuff
While we live in America, we enjoy freedoms that are superior to most other countries. But there are a couple of things that unless we travel to other places we will not be aware of. It is the Taxis. In almost every country in the world besides the USA, you can get a Taxi cheaper.
I live in Miami and I can tell you that it is cheaper to rent a car than to pay for a Taxi, unless you are only going 1/9 of a mile! or something real close distance like that. The Taxi Monoploly in my city and miost USA is something that I would be expecting to see in some communist country’s.
Here is the problem: Nobody is allowed to independently own and operate their own Taxi and at the same time have the freedom to charge whatever prices they feels like. It is all controlled by a large Union, or Taxi monopoly.
Well of course the good side of this is that one can argue that too many taxis will polute our city, but then again it forces everybody that lives in Miami to need to by a car. Either way we are poluting are city. So how about this idea. Why not let any owner of an electric car be their own indepentant Taxi and be allowed to charge whatever fee they want to. This would help reduce our high unemployment too.
Here is one more example:
I recently visited Lima Peru. There the unemployment rate is lower than in the USA. Reason is anybody can rent a car from a friend or relative and go drive around as a Taxi. The rates are incredably cheap. You can pay $2 and go 5 or 10 miles. Nice drivers too. They say their economy is not being effected by the global recession. The people are really nice in Lima, lots of beautiful women there too.
