32% Missed Housing Payments in July Up From 30% in June | |
Anonymous Coward User ID: 71594995 United States 07/08/2020 09:08 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75061190 Netherlands 07/08/2020 09:16 PM Report Abusive Post Report Copyright Violation | simple plan - say health matters we are deferring payments. people = no income, use money in hand to survive. oh no, it's time to pay up = collect on property again satanic )ew and their dumbass secret society members will burn in Hell soon enough |
Anonymous Coward User ID: 78551315 United States 07/08/2020 09:21 PM Report Abusive Post Report Copyright Violation | Funny how we keep seeing these stories and yet no one, not a single person I know has even lost their job. Not one family member, not one neighbor, not one friend. Easily 100+ people and not one has missed a rent or mortgage payment. Maybe it's liberal shitholes that are mostly affected? |
Captain KC Jones
(OP) User ID: 77480896 United States 07/08/2020 09:22 PM Report Abusive Post Report Copyright Violation | Meaningless and detached from economic reality! Free $$$$ from the FED and Treasury and a massive transfer of wealth! The recycling of earnings into financial assets has replaced product sales as the primary driver of profits. As you may have noticed, both the Fed and the US Treasury have taken unprecedented steps to ensure that stock prices will only go higher. To date, the Fed and Treasury have committed $8 trillion dollars to backstopping the weaker areas of the market in an effort to flood the market with liquidity. "Backstopping" is an innocuous-sounding term that analysts use to conceal what is really going on, which is, the Fed is "price fixing", buying up trillions of dollars of corporate debt, ETF’s, MBS, and US Treasuries to keep prices artificially high in order to reward the investor class it secretly serves. This is why the corporations and Tech giants are not concerned about the vast devastation that has been inflicted on the economy. They’ll still be raking hefty profits via the stock market while the real economy slips deeper into a long-term coma. Besides, when the lockdowns are finally lifted, these same corporations will see a surge of consolidation brought on by the destruction of so many Mom and Pop industries that couldn’t survive the downturn. No doubt, the expansion of America’s tenacious monopolies factored heavily into the calculation to blow up the economy. Meanwhile, the deepening slump will undoubtedly create a permanent underclass that will eagerly work for a pittance of what they earned before the crash. So, there you have it: profitability, consolidation and cheap labor. Why wouldn’t corporate bosses love the idea of crashing the economy? It’s a win-win situation for them. Geometric logic! No doubt! |
Captain KC Jones
(OP) User ID: 77480896 United States 07/08/2020 09:22 PM Report Abusive Post Report Copyright Violation | Meaningless and detached from economic reality! Free $$$$ from the FED and Treasury and a massive transfer of wealth! The recycling of earnings into financial assets has replaced product sales as the primary driver of profits. As you may have noticed, both the Fed and the US Treasury have taken unprecedented steps to ensure that stock prices will only go higher. To date, the Fed and Treasury have committed $8 trillion dollars to backstopping the weaker areas of the market in an effort to flood the market with liquidity. "Backstopping" is an innocuous-sounding term that analysts use to conceal what is really going on, which is, the Fed is "price fixing", buying up trillions of dollars of corporate debt, ETF’s, MBS, and US Treasuries to keep prices artificially high in order to reward the investor class it secretly serves. This is why the corporations and Tech giants are not concerned about the vast devastation that has been inflicted on the economy. They’ll still be raking hefty profits via the stock market while the real economy slips deeper into a long-term coma. Besides, when the lockdowns are finally lifted, these same corporations will see a surge of consolidation brought on by the destruction of so many Mom and Pop industries that couldn’t survive the downturn. No doubt, the expansion of America’s tenacious monopolies factored heavily into the calculation to blow up the economy. Meanwhile, the deepening slump will undoubtedly create a permanent underclass that will eagerly work for a pittance of what they earned before the crash. So, there you have it: profitability, consolidation and cheap labor. Why wouldn’t corporate bosses love the idea of crashing the economy? It’s a win-win situation for them. Geometric logic! No doubt! Markets are in a permanent state of disequilibrium as a result of Federal Reserve and Treasury intervention. Last Edited by Captain KC Jones on 07/08/2020 09:23 PM |
Anonymous Coward User ID: 78655452 United States 07/08/2020 09:22 PM Report Abusive Post Report Copyright Violation | You know when You lose Your job the first priority should be food, shelter, and energy. The idiots were probably still blowing money like the economy was going to bounce back after 2 weeks. Quoting: jkm1864 democrats pushed they story that the bailout money they got was "blow money" and that the government should give them more to actually pay their bills and are waiting for it. With their rent strike BS Not a single responsible adult that put money aside for an emergency. Saying not everyone is rich, no It called doing without shit you do not need like the latest iPhone. Putting that money aside for when something bad happens. Responsible adulating is lost on these kids in adult bodies. |
Anonymous Coward User ID: 28925333 United States 07/08/2020 09:35 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28925333 United States 07/08/2020 09:38 PM Report Abusive Post Report Copyright Violation | Funny how we keep seeing these stories and yet no one, not a single person I know has even lost their job. Quoting: Anonymous Coward 78551315 Not one family member, not one neighbor, not one friend. Easily 100+ people and not one has missed a rent or mortgage payment. Maybe it's liberal shitholes that are mostly affected? Nearly my entire street is jobless since March. Before that it was a working class neighborhood. Not everyone runs their own business or works in C-Level positions. |
Anonymous Coward User ID: 79126325 United States 07/08/2020 09:39 PM Report Abusive Post Report Copyright Violation | this is what happens to all the countries that the US sanctions. they destroy the poor economically. millions die because of sanctions. millions , maybe tens of millions will die in the US. that's the plan. they are ready for it. Americans will be turned against them with ease, they are petty stupid hateful people |
Anonymous Coward User ID: 79063085 United States 07/08/2020 09:40 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28925333 United States 07/08/2020 09:41 PM Report Abusive Post Report Copyright Violation | You know when You lose Your job the first priority should be food, shelter, and energy. The idiots were probably still blowing money like the economy was going to bounce back after 2 weeks. Quoting: jkm1864 democrats pushed they story that the bailout money they got was "blow money" and that the government should give them more to actually pay their bills and are waiting for it. With their rent strike BS Not a single responsible adult that put money aside for an emergency. Saying not everyone is rich, no It called doing without shit you do not need like the latest iPhone. Putting that money aside for when something bad happens. Responsible adulating is lost on these kids in adult bodies. A certain gen is always so jealous about the phones. I don't get it. I don't know anyone who bought a new phone during this downturn. The generation you call "kids" don't have landlines and may not have a dedicated internet line, either. They do it all through the phone. that $45/mth on service doesn't sound so bad now, does it? |
The Årtist
User ID: 78930216 United States 07/08/2020 09:48 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78901354 United States 07/08/2020 10:04 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79075757 07/08/2020 10:12 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79075757 07/08/2020 10:14 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79126325 United States 07/08/2020 10:21 PM Report Abusive Post Report Copyright Violation | I am sure the County Tax Collector wants that (Cares) Act Cash now. Quoting: Anonymous Coward 79075757 How many will not make the Property Tax Payment in the 4th? the bank pays the property taxes and charges you for them, they don't want to lose the house to the government. the bank always gets the house. the prey is taken. the sacrifice to Yahweh is made. may this human pain and suffering be a worthy offering to the Lord of Hell |
Anonymous Coward User ID: 13495404 United States 07/08/2020 10:38 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 73547694 United States 07/08/2020 10:55 PM Report Abusive Post Report Copyright Violation | thats because these dumb mfers are spending money on fireworks, transportation to participate in the city protests Antifa activities, bars and drugs/alcohol parties at home. I do not feel for them one fucking bit. If they had saved their money for a rainy day, they would not have to miss a payment. And for you but fers who think they should feel privileged- tough shit--- grow a set. The time has come to teach these young asshole people what life's priorities are- and it is not social media, video making, instagram facebook BLM shit but how to provide for the necessities in life. Good riddance to bad rubbish hesright::ILYS-dude:: |
Anonymous Coward User ID: 58932630 United States 07/09/2020 12:00 AM Report Abusive Post Report Copyright Violation | |
Don't fear the truthbeare User ID: 79122254 Canada 07/09/2020 12:00 AM Report Abusive Post Report Copyright Violation | Nearly one-third of American families have been unable to make full housing payments for July, a new survey has revealed as the US economy struggles to bounce back from crushing coronavirus losses. Quoting: Captain KC Jones The survey by Apartment List, an online rental platform, found that 32 percent of US households did not make their full July payments on time. It marked the fourth month in a row with a 'historically high' number of households that were unable to make the payments on time and in full - up from 30 percent in June and 24 percent in April. [link to www.dailymail.co.uk (secure)] and the left want the lock down to continue.. I wonder why? |
Anonymous Coward User ID: 79077409 United States 07/09/2020 12:30 AM Report Abusive Post Report Copyright Violation | M1 (Cash and Demand Deposits) has increased by 1/3 since FED and Treasury intervention! Meaning that the Money Supply has increased by 1/3! Only for Wall St, connected mega-corps like Walmart and ATT, and vaccine companies. Not for the rest of the serfs. The rest of the serfs are experiencing deflation as their meager savings dries up just trying to survive day to day. |
Anonymous Coward User ID: 78995688 United States 07/09/2020 12:39 AM Report Abusive Post Report Copyright Violation | |
Jereome User ID: 20525770 United States 07/09/2020 01:28 AM Report Abusive Post Report Copyright Violation | You know when You lose Your job the first priority should be food, shelter, and energy. The idiots were probably still blowing money like the economy was going to bounce back after 2 weeks. Quoting: jkm1864 democrats pushed they story that the bailout money they got was "blow money" and that the government should give them more to actually pay their bills and are waiting for it. With their rent strike BS Not a single responsible adult that put money aside for an emergency. Saying not everyone is rich, no It called doing without shit you do not need like the latest iPhone. Putting that money aside for when something bad happens. Responsible adulating is lost on these kids in adult bodies. Agreed. When I got my stimulus check it immediately went into the savings account and for the most part it hasn't even been touched. Because I told my wife that it would be a good idea to have 3 months worth of savings in the account in case something happens. Of course if another one comes out then I will probably spend a good portion of it. I wouldn't mind having another SSD drive for my computer and an exercise bike since I am getting fat from the damn lockdowns. |
Jake
User ID: 77849624 United States 07/09/2020 01:43 AM Report Abusive Post Report Copyright Violation | I'm already scanning for foreclosures in the markets. Not hitting yet, I'm guessing about october. Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance! Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes." |
Anonymous Coward User ID: 79077409 United States 07/09/2020 02:14 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79077409 United States 07/09/2020 02:22 AM Report Abusive Post Report Copyright Violation | I'm already scanning for foreclosures in the markets. Quoting: Jake Not hitting yet, I'm guessing about october. The Fed owns those mortgages now because they've bought up all of the MBS out there. The Fed will not put those houses back on the open public market. They will be gifted to Blackrock and other Wall St firms, then sold out to Agenda 2030 developers so they can demo them and build A2030 mixed use apartment buildings on the land. |
Anonymous Coward User ID: 78258166 United States 07/09/2020 02:23 AM Report Abusive Post Report Copyright Violation | Funny how we keep seeing these stories and yet no one, not a single person I know has even lost their job. Quoting: Anonymous Coward 78551315 Not one family member, not one neighbor, not one friend. Easily 100+ people and not one has missed a rent or mortgage payment. Maybe it's liberal shitholes that are mostly affected? im in vegas and many have stopped paying rent in my complex about half the people in this place...younger, service oriented for the most part....have lost their jobs.... we have rent moratorium until September 1 i applied for unemployment in March and my case is still pending....no contact from the office...can't get through on the phone to anyone...i just file every week for funsies...haven't gotten a dime many are in the same boat.... i have years savings but not paying anything in rent til i get my bailout..... i work in the convention industry...which aint coming back for a while....probably worked my last one.... |