stock market crash
- Thread starter dorian123
- Start date
im still trying to get over the fact that they said we recovered in a year after this last one,lol. And I know were talking stock market here but overall recovery sucks donkey balls, I gained back maybe 10% of 40% I lost in my homes value, and its been fucking years, lol, so maybe in another 5 years I can break even , and even thats a fucking stretch! Had a 5 year plan to buy my house, sell my house with a profit and move into a bigger home, well 4 years into my 5 year plan homes dropped to nearly half their fucking value, ok maybe not that bad, but a good 30-40% which is a lot of money!
ok im done ranting!
No im not done actually, Now I see people buying houses around me for nearly half what i still owe on my house, lol, now thats fucked up!
Buffalo
MuscleChemistry Member
Luckily things around here are selling. We are back up abou 20% depending on what your go buy but it isn't going to be much for a long time. My neighbor said he is going to default on his house because they are really underwater since they've lived there longer. Honestly I don't blame him.
My sister-in-law got an adjustment on her home somehow, she built it brand new maybe 7 years ago, and i think the bank adjusted the overall price of the home and she went from something like $3800 a month down to low 2k a month, so hopefully our lender works with us like her did, however my lender is the croooked ass Bank of America, so im not real hopeful lol and for those who dont know, Bank of America Tops the charts of dirty bank practices!
MonkeyWrench
MuscleChemistry Registered Member
In the same boat here as well, lost a shit load when things went south, and yes I think we're in for another round of a shit storm. And this one will be worse than the last, and now their trying to drag us into another damn war.
oh and if anyone wants to know just how crooked and dirty Bank of America is, look up or google the 20/20 or 48hours special on Mortgages. Basicly Bank Of America while buying up other small lenders loans, they lost thousands and thousands of Bank Notes, So they put a cheesey ad in a local news paper paying like minimum wage to people to come sit in a rented office space all day long , and sign fake names all day long, so people sat and signed the same lenders name on the bank note, while another division of hired idiots signed the names of the home buyers.
When the Reporter asked the hired help if they knew they were doing anything wrong when they were sitting there signing other peoples names all day long on official mortgage documents, they just shrugged their shoulders,lol
The best part is yet to come, so my wife and I purchased our home together, both our names on the mortgage, so years go by no problem then one day we start getting our statements in just my wifes name, lol, these fucking morons only have my wifes name on the mortgage cause ours was one of the thousands that was lost and some 5$ an hour dickwad didnt get the fake right with both our names on the note/mortgage.
So we got a lawyer and bank of America has since settled the lawsuit and we got a wopping $1,200 check from the lawsuit, At first I was furious my name wasnt on the mortgage, but after thinking about it and conferring with our lawyer, I should be eligable for another first time buyers home loan lmao!!!!!
Anyhow you guys can look this shit up, its 1000000% true, im sure i might have a detail or two off, but overall this is basically what happened!
And if thats not enough , then hows this, we also Bank with Bank of America, and they also settled a lawsuit for rearranging checks and debits that come, to benefit them, so that no matter the order the charges came into the bank, they would have a program that always put the biggest charge through first this way the smaller charges all bounce, even if the smaller charges came in first. So we also got a credit for like $42 to our account after they settled a lawsuit for millions, lol
So yeah Bank Of America takes the crooked cake!
When the Reporter asked the hired help if they knew they were doing anything wrong when they were sitting there signing other peoples names all day long on official mortgage documents, they just shrugged their shoulders,lol
The best part is yet to come, so my wife and I purchased our home together, both our names on the mortgage, so years go by no problem then one day we start getting our statements in just my wifes name, lol, these fucking morons only have my wifes name on the mortgage cause ours was one of the thousands that was lost and some 5$ an hour dickwad didnt get the fake right with both our names on the note/mortgage.
So we got a lawyer and bank of America has since settled the lawsuit and we got a wopping $1,200 check from the lawsuit, At first I was furious my name wasnt on the mortgage, but after thinking about it and conferring with our lawyer, I should be eligable for another first time buyers home loan lmao!!!!!
Anyhow you guys can look this shit up, its 1000000% true, im sure i might have a detail or two off, but overall this is basically what happened!
And if thats not enough , then hows this, we also Bank with Bank of America, and they also settled a lawsuit for rearranging checks and debits that come, to benefit them, so that no matter the order the charges came into the bank, they would have a program that always put the biggest charge through first this way the smaller charges all bounce, even if the smaller charges came in first. So we also got a credit for like $42 to our account after they settled a lawsuit for millions, lol
So yeah Bank Of America takes the crooked cake!
Ive set before and ill say it again, were heading towards being a 3rd world country! The gap of rich and poor is ridiculous and this country is broke broke broke, financially and more important Morally!!
Buffalo
MuscleChemistry Member
Our home is only in my name. Everything is in my name actually. One thing I was told a long time ago is keep one person off to be able to buy another home, car, rebuild credit, and avoid law suits.
I for one, don't care if you're rich.....good for you. I don't believe anyone has the right to say enough is enough. What pisses me off is to deny the middle and lower income class the right and ability to make your own wealth. The government needs to get the hell out of the way and let the hard working get shit moving again.
I for one, don't care if you're rich.....good for you. I don't believe anyone has the right to say enough is enough. What pisses me off is to deny the middle and lower income class the right and ability to make your own wealth. The government needs to get the hell out of the way and let the hard working get shit moving again.
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Thats brilliant actually , and I wish we had of done that, and even though now my name is off the mortgage, im sure its still on my credit as being a home owner, so im sure it wouldnt be as easy as me just getting a first time buyers loan just cause they fucked up and forgot to fraudulently sign my name back to the note,lol, but i promise you if things dont get better equity wise here, i will try for the 1st time buyers loan again with bank of america and see if they wanna hash this shit back up in court lol
yeah the paper said another bigger recession is coming but the website says that the market closed over 15000...
watch out though what goes up will come down...
we are just on borrowed time, they were saying that when shit hits the fan this time around one of the countries that will be suffering along with us will be China-who will we borrow money from then?
Anyone seen the special on China building entire huge beautiful citys that are literally EMPTY! I mean entire buildings and high rises , simply empty. Its bad, and its coming to an end soon!
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The Dude
MuscleChemistry Registered Member
The only thing propping the market up is the ignorant masses listening to the media. By "predicting" this they will cause it to happen. Its bound to happen in the near future, they are still just trying to make it as soft as possible. The market is based on "faith" as is our dollar. As more and more people lose faith, we'll finish swirling down the drain
yes but sheeple tend to believe what ever they are told. and considering how many amercians take the free hand outs they will undoubtedly believe what they are told
I HATE BANK OF AMERICA - got my home loan there, I coudnt beat the rate. I have had more battles with them. They once told me
my payment was late. They cashed the check and had the money. They aknowleged that but said it didnt show so it was deliquent.
They admitted they had cashed my check and had the money but because of a fuck up on their side I was late. How do you argue
with that. lol I spent hours and hours on the phone fighting that one. I hate em.
my payment was late. They cashed the check and had the money. They aknowleged that but said it didnt show so it was deliquent.
They admitted they had cashed my check and had the money but because of a fuck up on their side I was late. How do you argue
with that. lol I spent hours and hours on the phone fighting that one. I hate em.
Same EXACT thing happened to one of my wife's teacher friend, they got , cashed it and it showed in the bank and all but was delinquent due to them not knowing what the fuck their doing!
Ox 51
Musclechemistry Guru
Sooner or later interest rates have to go back up and that will really make things harder all the way around. The economy has just been propped up the last several years by all the money they are printing and pumping into the market. And yes, Bank of America sucks! We promised to never deal with them again, but we refinanced through a small company and they straight away sold our mortgage to BoA and there is nothing we can do about it.
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