Comments on: Put The Victim Card Down. It’s Way Past Old

By: Jenine

Jenine — Thu, 25 Dec 2008 04:32:15 +0000

Just stopped by, nice blog!

By: boredwell

boredwell — Tue, 16 Dec 2008 21:58:15 +0000

Thanks for a complete article that explores this issue 360 degrees rather than with blindsighted circumspection. There are so many aphorism which can be applied to this, “Talk’s cheap, money buys land,” is the foremost. Followed by “E caveat emptor.” Reading the fine print AND reading between the lines is only way to limit the possibilty of being defrauded. People you bought the talk are now paying for their walk. The lenders’greed may have been duplicitous. “I can help you” may sound like a warm fuzzy thing but it’s absolutely indicative for potential buyers to look inside for the thorns. I know some people of ALL colors who took loans because they were greedy, too, for the American Dream. But at what price?! O, BTW, there’s that other aphorism: Think before you jump!

By: Duane

Duane — Tue, 16 Dec 2008 19:03:26 +0000

Job loss is certainly a by-product of what is happening in the real estate market. I really do not think many people understand just how our economy largely depends on banking and the health of the real estate market.

The community I mentioned in this post is a great example of what happens when the real estate market suffers a setback. The outdoor mall nearby has not been keeping up with payments and at least a couple of businesses have shut down. Although a strip mall anchored by a grocery store just opened nearby, no other stores have opened. This of course is not good news for those seeking employment.

Hopefully this will be a time for you to get creative and perhaps use this time to employ yourself on some new venture. No better time like the present. In the meantime, you gotz to find some work.

I hear ya’.

By: Anthony Taurus

Anthony Taurus — Tue, 16 Dec 2008 17:30:43 +0000

I think the problem that is not being addressed or taken as seriously as it should be is the issue of job loss. While these predator lenders do indeed exist, I hardly believe it’s equal to the level of homes in, or nearing, foreclosure. Millions of jobs have been lost and that obviously affects the ability of homeowners to pay their bills.

I would even go so far as to bet that the subprime loans weren’t as much of an issue as long as these people had stable jobs or what they thought were stable jobs. A lot of these people aren’t in situations because they simply can’t pay their bills with the jobs they have. They’re in this situation because maybe the mother or father lost the job they did have. It’s not because the person was bad at the job. It’s because our economy has been failing for a long time now. Even when there were modest job gains, maybe a year ago, the amount of total jobs still isn’t up to the levels before Bush took over.

As far as subprime loan victims are concerned, I agree that there were no, or not many, real victims there. However, we’re all victims of this failed economy as it pertains to the rampant job loss.

Personally, I lost my job in 2004. Outside of what I do on my own as a marketing consultant, I still haven’t been able to secure a stable position that would put me in a comfortable place. If I could secure an assistant position doing anything, I’d be happy. And that can’t even happen. Shit, the temp agencies aren’t even calling back and when you call them, there’s never anything available. At this point, I’m about to move out of NYC, hit up the islands because at least there I can benefit from race, favoritism, and nepotism since my family network is strong.