Knowing what you know now, that mortgage fraud is not a crime in America, and that you could have had access to all the credit you ever wanted, do you regret not going out and gaming the system these past few years like your fellow countrymen?
You know, committing massive mortgage fraud, taking out that 110% loan, or taking advantage of those illegal cash-back-at-close deals? Or signing up for 20 credit cards, maxing them all out with cash advances, then defaulting on your debt?
I mean, think of the times you could have had! Hookers, cocaine, trips to the Bahamas, $1,000 bar tabs, the latest and most expensive clothes and cars, and marble countertop Toll Brothers McMansions! You could have been a rock star! And even though you couldn't afford it, you could! And when the music stopped, you'd have those memories, and also hopefully you would have hidden some of the cash away for a rainy day.
So, do you regret playing by the rules? Do you regret having morals and ethics?
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47 comments:
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No regrets!
I ain't sellin my soul to the highest bidder or the lowest common denominator!
I like to sleep at night!
.
Unnecessary credit cards: $20,000?
Big car: $60,000?
McMansion: $500,000?
Bankruptcy: ???
"I Told You So": Priceless.
I regret it. I could have hidden hundreds of thousands, declared bankruptcy and then not had to work for a long time. Sweeeeeeeeet!
Not at all.
Just bought a two year old Corvette with 9K miles, loaded, ext warr. etc. Original Cost $58K. Bought for what owed $26K cash. Don't even miss the 26K.
Guess from who? The local Realtards next door who are now going into foreclosue, a garage sale as we speak and a pissed off new-tit trophy wife MILF out-on-the-prowl...
At least the corvette didn't have to go far and they can be reminded daily about his $22K loss in one year.
I'm hoping to get a piece of the wife at a discount before they go as well...
DIE U PIGS
That's a great video to show you just how laughably uncool that lifestyle is.
My friends and I would call someone 'party' if they were obviously trying too hard to look like they were having a good time.
I never had a problem having a good time but it was always real.
No, I don't regret joining those losers borrowing themselves into long-term hardship just look like they're successful, cool, having a good time.
Looks like a lot of people will have over 7 years of bad credit. No, I am happy I did not do these criminal and immoral things my country men and women did with regard to credit. What goes around comes around. However I strongly feel they need to suffer the pain they caused. 7 years is a long time, collection agencies will be after them. The funny thing is I don't think these people will ever recover. Once you get the taste of the good life, its tough to go back to your true self.. People need to remember they need to work hard, and save. We are now back to the normal credit game, people like me that have lots of money, no debt, low risk and a credit score above 800 will ride this storm very well. The rest, either will turn to crime and go to jail, or will be poor, or maybe go back to school and get a real education.
No morals or ethics here, but I just assumed there would be repercussions from that kind of behavior. I didn't catch on until recently that in America you can do anything that you can afford to do.
I still got my m5 ill smoke that vett pos
No regrets at all. I cannot control the bad behavior of others but I can try my best to control my own behavior.
Given the choice between being poor and ethical/moral vs rich and unethical/immoral...I would opt for the former.
It all boils down to self respect and having to live with yourself and look in the mirror....and like the person you see there.
Not even close to "perfect"....but I always strive to root out my own bad behavior.
Shoot for the stars (and maybe)...hit the moon.
"Anonymous said...
I still got my m5 ill smoke that vett pos"
How much do you owe on it? Maybe I'll buy that from you too. I'll even spring for a 1 month bus pass for you so you can go to your job at Century 21 or the Mortgage Brokers Office...LOL!
IDIOT/48%er.
DIE U PIGS
Sometimes I do regret not cashing in on the money train. Free money is a pretty powerful incentive.
And as noted, you would not have to actually blow it all -- roll it into assets you can hide like metals and then just coast for a while. Screw the collection losers by going on a nice long vacation for a few years.
But alas, I stuck to the rules so I get to go work to pay my bills.
You bought a Corvette for 26 K?
I don't know whether to laugh or cry for you.
Anonymous said...
The rest, either will turn to crime and go to jail, or will be poor, or maybe go back to school and get a real education.
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When I look around in my life I see a mechanical engineer, an aeronautical engineer, a CPA, several people that work for defense firms in tech jobs, a general contractor, all ass deep in debt, living in McMansions with the HGTV upgrades, and driving SUV's.
These people already have a "real education". These were supposed to be our best and brightest folks. Just like the Wall Street bunch who have ruined us.
So, is smarts in America determined by FICO score or education?
How smart are these people really?
The sun shines
And people forget
The spray flies as the speedboat glides
And people forget
Forget they're hiding
The girls smile
And people forget
The snow packs as the skier tracks
And people forget
Forget they're hiding.
Behind an eminence front
Eminence front - It's a put on.
Come on join the party
Dress to kill
Won't you come and join the party
Dress to kill.
The drinks flow
People forget
That big wheel spins, the hair thins
People forget
Forget they're hiding
The news slows
People forget
The shares crash, hopes are dashed
People forget
Forget they're hiding.
Behind an eminence front
Eminence front - it's a put on
Come on join the party
Dress to
Come on join the party
Dress to
Come on join the party
Dress to
Come on join the party
Dress to kill
Dress yourself, dressed to kill.
Nope, that is just not me.
sometimes I day dream that I could be like that but that is all it is, a fantasy. at my core I am just too responsible to behave that way.
And now some of our countrymen are starting to get an hang over.
If you party to much, it will always catch up.
http://www.sfgate.com/cgi-bin/
article.cgi?f=/c/a/2008/11/12/
MNN0142MCG.DTL
Twenty percent of Bay Area homeowners owe more on their mortgages than their homes are worth, according to a study being released today. This dubious distinction has entered the American lexicon as an all-too-familiar term - being underwater.
As home values continue to plunge, the real estate valuation service Zillow.com said that 20.76 percent of all homes in the nine-county Bay Area are underwater. The rate is much higher than the national average of 1 in 7 homes, or 14.3 percent.
That's because the Bay Area - like most of California - was a classic bubble market, where buyers in recent years paid overinflated prices for homes that now are rapidly losing value in the market downturn.
Ask the people in Tucson if they regret it.
http://calibre.mworld.com/m/m.w?lp=
GetStory&id=330710191
One in four Tucson homeowners who bought during the last five years now owe more on their mortgages than their homes are worth, a troubling sign for the Old Pueblo's declining housing market and broader economy.
Zillow's Bohutinsky said the numbers are probably conservative. Zillow.com collects sale information for every residence in major markets as well as housing characteristics to find comparable homes. But the firm is only comparing original loans with current prices.
"It only takes into account the original mortgage," Bohutinsky said. "It doesn't even take into account if they borrowed against their homes later on."
Having so many people underwater has potential for more foreclosures and properties being sold for losses, further driving down values. Meanwhile, a lack of equity could dampen spending at a time when consumer confidence is at a historic low.
"I don't think we are at the bottom yet," said University of Arizona economist Marshall Vest. "I think there is still downward pressure, and it will be -- it could easily be -- the end of next year before we really see the bottom of the prices start back up."
Haha, you really think these people stashed the cash away? They spent every cent of it because we were supposed to be in a new paradigm, you know, house prices only go up from here on out. Now, all the money is gone and they won't be able to get credit for a long time. Hope you had a good time. I sure did, but I didn't borrow to fund it!
Sure, I regret it. I wanted to be ethical, but there is really no point in being one of the last ethical people in America. I worked hard, rented, and saved, expecting to be vindicated by deflation. But my savings will be destroyed shortly in the coming economic holocaust, just like everyone else's. At least I could have had some good memories.
Do you want to view the map of those people that had no regret.
http://extras.mnginteractive.com/
live/media/site568/2008/1112/
20081112_083439_underwatermap_
400.jpg
1 in 7 homes in Santa Clara County is 'underwater'
Short Sells are beginning to pop up in cities like Sunnyvale, Los Gatos, Saratoga, and Cupertino.
to live outside the law, you must be honest
No regrets. There is a lot of satisfaction in building a life through hard, honest work.
i'm preparing for the next bubble. regrets are pointless. i'll be buying with both hands, like a maniac.
watching ... waiting .. holding my breath .. and then ...
"I don't think we are at the bottom yet," said University of Arizona economist Marshall Vest. "I think there is still downward pressure, and it will be -- it could easily be -- the end of next year before we really see the bottom of the prices start back up."
----------------------
Yup, end of 2009, all will be over and the sun will shine and housing prices will begin their march up again.
In order for that to happen there must be full employment such as we have had for the last 10 years,(think Big 3 Bankruptcies and 2 million unemployed), there must be purchasers who will have 20% down and a FICO of at least 700, and inventory must come way down from all of the foreclosures. We won't even be through the Pick A Pay Option ARMS and all of the other creative financing Ponzi's until 2012.
Marshall Vest, the economist is underwater on his speculation properties in Tucson.
Ok Sashers,
in just a few short months we'll be out of Iraq, Tax break for the middle income across the board, and the rest of the world is gonna love us.
Woo Hoo!
good thing we voted for Change!
my plan is to use all that extra cash from my tax break to print my very own t-shirt, it will say;
"My primary commitment is to be loved by the Eurotatrds"
'awwwww'
Once we reach that high point as a nation and such respectable esteem and acceptance by the 'internationals'
everything will be FREE.
Oppressed and oppressors alike will shower us with gifts.
Unlimited amounts of oil will come right out our garden hose.
The world will send us its best looking woman and boy toys for orgys of fun.
Cant wait for the new likable administration to get started.
Oh if only the rest of the world had some respect for us, we might just be as good as them.
Good question keith. I think I do regret it to a certain degree to be honest. I mean, I could have bought a great place and heloc'd galore only to have the feds bail me out by reducing my mortgage principle. Plus I am sure heloc'd money won't have to be repaid either...the feds are going to pay it back to the banks too thru another bailout.
As for those who think folks who are defaulting will have a tough time because of their bad credit, well get real. The Dems will pass a law that will essentially wipe away any bad credit attributable to the housing crisis. Obama won't wait for the ink to dry before he signs it. You see, in order for america to work you have to have people borrow money so the Dems will pass legislation that will allow our fellow americans to have their bad credit nullified, just like that.
All in all, it would have paid off to have done what the rest of america did.
Well at least I still have my integrity for whatever that's worth, which isn't much these days in america.
No regrets . What I regret is that people who were not really part of that party hardy on free money crowd are going to suffer because of the acts of the greedy . These turds are affecting innocent people .
So what if they got some cheap thrills over some stupid products ,I would not want to change places
Hell Yeah ! i am pissed!!
now CON-gress want to take out goddamn 401k and IRA's.
F them
F them all
I didn't scam, and I don't regret it. I still believe KARMA is the biggest baddest bitch of all. I wouldn't want to be the scammers. They will reap what they have sown.
Yes I regret not gaming the system.
Read and weep infidels. For those of you who believe that the Arabs are your sworn terrorist enemies, you are going to just love this:
http://tinyurl.com/558mpa
BWAHAHAHAHAHAHA Bow down infidel dog.
Over the next year, the U.S. government will need to borrow somewhere in the neighborhood of $1 trillion, the most ever by far. Estimates go as high as $2 trillion, depending on how quickly the economy cools and how fast tax revenues fall. The simple question most of America has not asked is this: Where is the money going to come from? The federal government already knows the answer to that question, and it has implications Americans are not ready for but will soon be faced with.
America is going cap in hand to Middle East oil exporters. What government officials are not telling you is this: Islamic money comes with strings attached. Yes, sharia law “stipulates that money must not be used for a purpose incompatible with Islam” (Financial Times, April 26, 2007; emphasis mine). America will increasingly have to comply with sharia law, and what that entails isn’t pretty. snip..
Wait for it... there is more:
The stage has already been set, the Washington Times has reported. Deputy Secretary of the Treasury Robert Kimmitt recently visited Saudi Arabia and other oil-rich Persian Gulf states for the express purpose of convincing the Arabs to recycle oil money back into America. While in Riyadh, Kimmitt said the government is studying how useful Islamic banking could be in fighting the current world economic crisis.
And now the Treasury Department has announced it will begin teaching “Islamic Finance 101″ to Congress, U.S. banking regulatory agencies, and parts of the executive branch.
AND EVEN MORE:
Even Boeing, the U.S. military contractor and largest aerospace company in the United States, announced October 31 that it had entered into talks with Gulf banks to obtain sharia-compliant funding. A report from the Royal Bank of Canada earlier this year said that hundreds of U.S. financial institutions were at risk of failure. These are companies that desperately need cash injections if they are to survive.
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We are selling ourselves to the terrorists like cheap whores. Damn I sure hope they like our perfume.
Yes I Do! The meek will inherit the earth after the bullies, crooks, liars, and thieves have plundered everything. Damn, I wish I wasn't so meek. Ethics and morals don't seem to pay the bills in this society. It's a curse to be born this way.
Mother Teresa
Don't asked these night movers if these people have any regrets.
http://www.mercurynews.com/
business/ci_10994413
The furniture haulers arrive after dark for some families.
"It's very sad when you see a moving van coming in the middle of the night because people are embarrassed that they're in foreclosure," said Toni Dalrymple, a Mountain House resident who paid $800,000 for her family's house in 2006. As of July, their home was worth $359,000, she said.
There are no abandoned mills or factories, no boarded up storefronts, no drug dealers on street corners. The spanking new streets of this 5-year-old planned community are full of good-looking homes with nice cars in front.
Yet this unincorporated town of fewer than 8,000 — up to its eyeballs in debt — has become the poster child for America's growing economic crisis.
http://tracypress.com/content/
view/16439/2398/
Mountain House is awash with properties devalued into negative equity, according to real estate analysts at First American CoreLogic.
In fact, a recent report shows that the town of 8,000 has the nation’s highest per-capita rate of what the industry calls "underwater" mortgages — loans that are more than the home’s assessed value.
Stockton claims the most foreclosures in the nation, but it’s the unincorporated town to its southwest that holds the highest number of homes worth far less than the loans that paid for them.
Do I regret playing by the rules? Do I regret having morals and ethics?
No and no.
Am I a chump? Maybe.
Now, for all the players: Do you have any regrets or are you now content to play the victim?
Was it Buffet who said, "When the tide goes out, we see who was swimming naked." Well, to all the underwater folks...we don't need to see the tide go out. We know.
Imagining the nakedness...I find you disgusting.
Stealing is wrong.
I am pissed off that housing is still overpriced, that I am still renting and that my $-denominated savings and investments are at serious risk of inflationary destruction at some point in the future.
But I don't regret the fact that I have no debt and no stress in my life whatsoever and that I am saving 90% of my income. I could lose my job tomorrow and happily coast for years doing nothing at all.
Well, I never believed they could keep the scam going for so long; otherwise, I would have grabbed a load of cash and bought useful things, like guns, and cases of spam. Now I am sitting in a decaying corpse of a bubble with a bunch of people who's jobs are all gone.
Yes of course... but theres still time.. i just might stop paying my credit card and student loan... after all they will get my money either way... /sarc
Hey idiots, it is way too late to think about "what should have been". You Fucked Savers made your decisions and now you can regret that decision all you want. But it is way too late.
I bought a townhouse I couldn't afford, took out equity every single time the price went up (heck the appraisers would label any price I wanted!), maxed out my credit cards and had one hell of a good time.
Now it is time to pay the piper and you Fucked Savers will end up paying for my good times. Next time this opportunity comes up, do it! Don't be a Fucked Saver for the second time around.
No no no!!! I am the master of my own ship I am happy to not be in a sinking ship with the other's .
Well said SeattlelMoose :)
Did anyone ever see the movie . A FACE IN THE CROWD IT'S A GOOD ONE TO WATCH RIGHT ABOUT NOW.
"So, do you regret playing by the rules? Do you regret having morals and ethics?"
------------------------
No.
A clean conscience with no stress is worth much more than immoral excess.
I will stay in my fully paid off, albeit small, 1200 sq ft house with no debt thank you very much.
Joe M.
Nick said...
I bought a townhouse I couldn't afford, took out equity every single time the price went up (heck the appraisers would label any price I wanted!), maxed out my credit cards and had one hell of a good time.
Townhouses always have roaches.
mark:
"...I am saving 90% of my income"
Care to elaborate? Are you in the 2% tax bracket or something? Or are you full of BS like most people here?
inflation in health insurance costs yeild yearly cost of 15,000 for 60 year old is one big big rip off.................. all should expect as health care minimums
Its easy not feeling like a chump when I don't have to declare bankruptcy, short sale some McMansion I could never afford, and not having some fake boobs gold digger who was attracted to my credit line leaving after the music stopped. Guess I'm not attracted to that kind of risk.
I guess having morals and working for a living the past years could make you feel like a loser. When friends of mine were buying homes and bidding way over asking price and I was sitting on the sidelines deciding it wasn't a good time to be buying real estate, but right now, I feel good I'm not sitting on a mortgage I can't afford and having debt collectors calling me 20 times a day.
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