Liberal Trust Fund Baby Cries About American Banks
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Uploaded by jeremycrow4utube on Oct 3, 2011
He graduated from Carleton College for about $42,942 a year [$171,768 for 4 years], and studies law at George Washington University for a whopping $70,449 a year [$211347 potentially for 3 years]. Maybe he should blame his educational needs for his parents financial woes? We all should be so poor and disadvantaged!
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ows protesters just do it to be cool. protesting is a college fad for insecure kids with an identity crisis.
in high school you play sports to be cool
in college you protest to be cool (since there is a relatively tiny number of positions on teams)
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@jimmylp21 and once again, you're repeating the bullshit mantra of Faux News. "These people bought more house than they could afford so they dont deserve it." Commercial real estate owners buy more property than they can afford all the time, but its part of a long term strategy that uses short term loans. When the real estate market is allowed to work naturally this strategy works. When crooks manipulate the market to make it crash because they will profit, the market cant work correctly.
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@jimmylp21 The practice of taking short term loans in real estate is very common in the commercial world. There's no reason it shouldn't work in residential. Except for the fact that Wall St stood to reap TRILLIONS if they made the market fail. So they crashed the market, took their trillions of profit and that made all the loan products disappear over night. What could have been a good strategy to get into real estate turned into a nightmare when Wall St pulled the rug out.
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@MrTruthAddict I get short term loans. There's no good reason for residential customers to take them. Part of this problem is rooted in the rise of subprime lending(giving loans to people who can't really afford them for "too much house"). Blame doesn't lay on one side alone. It was American consumerism/greed that caused this from both sides. I'm only an idiot for thinking that people are capable of making informed/wise decisions. I've clearly been mistaken.
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@chillay18 Cause I Like It
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@blewidescorpio Why do you have to put capitals in the fist letter in your words?
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If your parents lost their home, making them pay your bail is going to help SOOOO much more. Stupid trust fund commie.
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@jimmylp21 Commercial property owners are the smartest real estate investors in the country. They use short term loans because there are advantages to them. Even THEY got stuck in short term loans because of the mortgage crisis. Normally there are plenty of loans out there to move into. They dried up overnight. You idiots keep repeating this 'buy more house than you can afford' bullshit that you hear on TV. They qualify for the house they bought, but the loan term ENDED. GET IT NOW??!!
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@DanDenali Fucking simpleton. Stop watching Fox News, its rotting the two brain cells you have left
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@MrTruthAddict No I don't. When I got the mortgage for my home I researched lenders and what to expect for a month. We're talking about a huge loan taking decades to pay back. Why shouldn't someone be expected to do their homework before accepting a loan? I also didn't buy more house than I could afford even though my wife and I both have college degrees.(Which doesn't mean you "deserve" anything.)
Not defending lenders, but there are two sides to this story.
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They took Carlton Banks home?
AllDreamsFades 4 months ago 15
Weren't you able to help your parents pay their mortgage until they were up on their feet again? They paid for you to live with them for free. It doesnt make sense then or now that people that don't / can't pay their home loans can live for free in their homes? I understand that we need more payment type plans in order to not kick people out because they lost their jobs and can't pay the whole monthly mortgage. But, the rules still apply for everything..you buy...u pay.
vicnegrin 4 months ago 5