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The American Dream: Renting

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IZAN
 IZAN
(@izan)
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So I began my day yesterday around 8:00 AM. I was on my way to help my friend move out of his house. He was in foreclosure. While we were there, I was speaking to a guy who had a most interesting career, he changed locks on properties that were being taken over by the bank. Between lifting boxes and tables, this guy was telling me how his business is "booming". He said that he is overwhelmed with work and can't handle his current workload.

With the previous knowledge of the massive foreclosures occurring over the last year and that it is exponentially increasing, none of what this guy was saying was new to me.

On the way back to return the truck I was thinking of this young guy laughing to himself about all of the money he was making and then it hit me. A question that I have never asked myself before. Who had something to gain from this?

My buddy, who is not much of a politician and doesn't think about ZOG control or any other type of mass manipulation. Seeming oblivious to the goings on, never questions his life. He works, pays his bills, takes care of his family, and has a few beers on the weekends. Although he is your "typical" American, he is extremely intelligent.

I ask him flat out, no insinuations(even though he is aware of my stance on things) "who is benefiting from all of the foreclosures these days?" He ponders this for a few seconds and says, " Well, before you ask that, the first question is how would someone benefit from the foreclosures?" This now was interesting. If I look at this from a non-bias point of view, I can see that a benefit is there, but in what way? I told him that, "the borrower is losing his property and the bank is gaining it."

But being in the real estate business for quite some time, the view that the homeowner actually "owns" his home is far from the truth. Not many people in this country truly own their home. But to even take that misconception away from the average citizen is a bold move. So the question still remains, how is there a benefit?

With the massive real estate foreclosures happening, the value on homes dropping, the halting of sub-prime mortgages, the fed increasing interest rates, the fed...THE FED! We all know the federal reserve is a privately owned corporation that has NO TIES to the US Government, and it's shareholders mostly jews, it all started to fall into place.

So I asked my buddy, "Ok, lets start from the top, a few years ago interest rates on home loans were at an all time low, millions of people were able to finally afford to buy a home. New lenders were popping up all over the place, offering programs to almost put anyone into a home. Sub-prime borrowers, 110% financing, and whether it is a PITI(principal, interest, taxes, and insurance) or a interest-only loan, mortgages are "front-end-loaded" with interest. That way the lender makes it's money knowing the homeowner will most likely refinance in the first 5-8 years of the loan being originated. Now these new home owners are in a bind. With the removal of all sub-prime loans the homeowner that was qualified to purchase the house, now can not re-fi it. Even if his credit improved, the house is probably not worth today what is was when he bought it. So what happens to him?" My friend smiled and said, "he's fucked like me."

Now my good friend is forced to rent. Along with millions of other people. The big banks are buying up all of the sub-prime loans forcing the home owner to abide by the rate hike, sell the house, or go into foreclosure. With all of the homes the banks will be "taking back", home values will drop even further creating an overflow of properties on the market. Desperate people will be forced to sell their homes barley making a profit, if any at all. With the massive amount of renters and lacking on mortgages which stops feeding the big banks, I still do not see a profitable reason to do the things the fed is doing.

So I set aside the thought of monetary gains. With the lack of homeowners means more renters, which means the population is not owning anything. Now that is what this is all about. Removing people from their homes, or preventing people from actually owing anything. And why would someone do that? Owing=power, if the mass population has no ownership, they have no power.

I know this is a long post and I might not have concluded it properly, but I am not writing a story, I am giving my insight on a national tragedy that is taking over this country, and it is only going to get worse. I do not have the solution, other than getting rid of the hold the federal reserve has on the US, but I do know that if you are in a property, or are considering to purchase one, be wary, be smart, and what ever you do DO NOT PUT "REAL" CASH DOWN!!!! That money will be lost to the crashing market. Build you own home on you OWN land.

Again, this needs to be looked at, and smarter people than myself need to fix it.


[color="Red"]"With satanic joy in his face, the black-haired Jewish youth lurks in wait for the unsuspecting girl whom he defiles with his blood, thus stealing her from her people."

AH

 
Posted : 01/04/2007 6:27 pm
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