"Scorched Earth Policy"
Salt the fields, burn the homes
hmmmm...
[IMG]http://www.tcnj.edu/%7Ehofmann/Granby/PICT0026.JPG[/IMG]
are these guys related by any chance?
Where the fuck did he even get a bulldozer
[QUOTE=Mister Sandman;33667141]Where the fuck did he even get a bulldozer[/QUOTE]
not hard to rent, at all really.
Although I get the point he was trying to make, now not even he can have the house, and now they will take every last penny they can get and just take his business property.
I don't get it
He couldn't pay for it, so he tore it down?
Unless I'm missing something horribly obvious, isn't it his fault for taking on a loan he couldn't repay?
Plus this doesn't get him out of the moneypit he's in, infact it pushes him deeper into it
[editline]11th December 2011[/editline]
Actually watching the video again, it looks like he's a pretty big idiot trying to ride the 'fuck da bank' wave.
He owed over 100k to the bank, and unless there's some BS we don't hear, he probably wasn't paying it back because they don't (usually) foreclose on a house when someone's still paying it off.
He has a pretty big sense of entitlement, he took someone else's money and then gets pissed when they try to recoup it, honestly this makes no sense to me.
Jokes on him, now he's homeless and broke for the rest of his life because the banks will never let this go until they get what he owes.
[B]Edit:[/B] How the fuck does this have 25 winners? I'd love for you guys to do the same thing and expect to get away with such reckless infantile behavior.
It seems like he the bank was just doing what banks should do.
[QUOTE=rundevil;33667283]not hard to rent, at all really.[/QUOTE]
bulldozer bumper car party at my house
[QUOTE=Mister Sandman;33668399]bulldozer bumper car party at my house[/QUOTE]
Maybe that's what happened and he just used the bank story to cover it up.
It's hard to feel bad for a guy with a $350,000 house who somehow, despite a life of obvious luxury, managed to piss it all away and then top it off by going into debt.
(Also, he looks like a sleazebag)
[QUOTE=Kommodore;33669307]It's hard to feel bad for a guy with a $350,000 house who somehow, despite a life of obvious luxury, managed to piss it all away and then top it off by going into debt.
(Also, he looks like a sleazebag)[/QUOTE]
Or he purchased a house he couldn't pay for, which a lot of the time is the case and is COMPLETELY his fault.
Maybe your banks should stop giving out loans to people who can't repay them. He may very well have been able to pay his loan at the time he got it but economic times may have lost him his job, being unable to repay it.
What house?
Many banks give out loans and mortgages, knowing that people won't be able to pay it back.
[QUOTE=Jasun;33673400]Many banks give out loans and mortgages, knowing that people won't be able to pay it back.[/QUOTE]
Maybe people who know that they can't pay back the loans they're asking for shouldn't take them out in the first place?
[QUOTE=Jake Nukem;33670749]Maybe your banks should stop giving out loans to people who can't repay them. He may very well have been able to pay his loan at the time he got it but economic times may have lost him his job, being unable to repay it.[/QUOTE]
I see what you're saying but isn't it the person taking the loan responsibility?
It isn't like you are offering a toddler candy, it is an adult.
[QUOTE=Jake Nukem;33670749]Maybe your banks should stop giving out loans to people who can't repay them. He may very well have been able to pay his loan at the time he got it but economic times may have lost him his job, being unable to repay it.[/QUOTE]
So what your saying is that it's the banks fault for people who MOST LIKELY KNOW they can't repay it, or said people run into rough times?
Yeah maybe some people got fucked over, maybe they were financially stable when they got that loan but if they can't repay it, I'm having to say that the bank, as a busniess, should and will get their investment back.
It makes no sense to say 'Well, you owe us 100 thousand dollars, but it's ok! We don't want it back anyway'
You know what will happen? People will abuse the FUCK out of that, and it'll kill a lot of smaller banks
Next step, suicide.
Mission complete, fuck you banks!
If he's rich, then okay.
If he's not rich, he's a dumbass.
Well, if you can't pay the loan the item you bought with it is taken instead. Often, the house can be worth more or less at that time, in this case, basically nothing.
His argument (which is echoed in Occupy movement) is that the banks often try to swindle people with really clever marketing about why they should put themselves at bigger risk, [i]often with the intention of foreclosing their home in the first place[i]. For those that read The Jungle, that was also a fear of the people in the book: That complicated legalese speak, misleading advertising and corrupt practices would result in people losing their homes. I don't think it's about people "being stupid" or childish, it's about the people giving out the loans.
-snip-
for 350k that's a dope ass house
[QUOTE=Jasun;33673400]Many banks give out loans and mortgages, knowing that people won't be able to pay it back.[/QUOTE]
Which absolutely should not be done.
He could have sold the house for more than 350k.
it's going to cost money to make another one...
don't they warn you when your about to get a foreclosure?
so if he did it before the foreclosure when the house was still his maybe he can get away with it?
honestly if everyone did this on a large scale i wonder what would happen
[QUOTE=Jake Nukem;33670749]Maybe your banks should stop giving out loans to people who can't repay them. He may very well have been able to pay his loan at the time he got it but economic times may have lost him his job, being unable to repay it.[/QUOTE]
Except he says it's been a 10 year battle, which means he's probably owned the house for more than that, and the full swing of the housing bubble didn't really happen until 2002/2003. This was before banks were dishing out toxic loans, and that means he probably took a loan he couldn't repay. Also if it's been a 10 year battle that means his problems stem from before the recession anyway.
This is just a guy with a huge sense of entitlement and can't accept the fact that he's broke because of terrible decisions he made.
[QUOTE=Edthefirst;33679946]Except he says it's been a 10 year battle, which means he's probably owned the house for more than that, and the full swing of the housing bubble didn't really happen until 2002/2003. This was before banks were dishing out toxic loans, and that means he probably took a loan he couldn't repay. Also if it's been a 10 year battle that means his problems stem from before the recession anyway.
This is just a guy with a huge sense of entitlement and can't accept the fact that he's broke because of terrible decisions he made.[/QUOTE]
Pretty much this. The biggest problem is greedy people wanting to live the American dream. In most cases people see a house and know the bank will give them a loan, but the financial situation is clouded because it doesn't matter as long as they have the house. This applies to anything in which you're given a loan; cars, furniture, etc. I honestly don't feel bad for this guy at all, just another person who took a big bite out of an apple he couldn't chew.
It took my parents 15 years to be comfortable enough to buy a house, because they knew the financial responsibility it would be to pay the mortgage; and you know what? They've made every single payment without the worry of acquiring next months payment.
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