Greed from all parties caused this problem.

I thought the fall in housing prices was a result of the number of section 8 houses being built in the neighborhoods.

 

This is pure race bating and should be deleted.

 

90% of the loans that are defaulting are not going to minorities.

 

I have lost a lot of respect here . . . I am saddened.

I thought the fall in housing prices was a result of the number of section 8 houses being built in the neighborhoods.

 

This is pure race bating and should be deleted.

 

90% of the loans that are defaulting are not going to minorities.

 

I have lost a lot of respect here . . . I am saddened.

Wow, you really can take a rather skewed view of what's being posted here, Ace.

Wow, you really can take a rather skewed view of what's being posted here, Ace.

 

What other view can I take other than you think lending to Minorities led to the economy being in the shape it is in?

 

You have also stated that the quickest way to ruin a neighborhood is to let section 8 housing enter the equation.

 

I guess if you are poor and a minority you shouldn't be allowed to own a home, or even rent one - unless it is in the 'other' neighborhood.

What other view can I take other than you think lending to Minorities led to the economy being in the shape it is in?

 

You have also stated that the quickest way to ruin a neighborhood is to let section 8 housing enter the equation.

 

I guess if you are poor and a minority you shouldn't be allowed to own a home, or even rent one - unless it is in the 'other' neighborhood.

 

You just listen with your heart a little too much. My whole point was that shaming banks into lending to minorities when they weren't credit worthy started this whole thing of lending to those that couldn't pay the loan back. That's not the fault of minorities, it's the fault of those on the left who push this kind of crap. Did you even read the article? My guess would be no.

 

As to the neighborhoods and Section 8, I'm right, it ruins neighborhoods. All neighborhoods.

The problem was caused by lending money to people who had neither the ability nor the inclination to repay the loan. It was completely and entirely fueled by the necessity to put money to work. Call it greed if you want, but things were so good in the economy that people thought the risk was worth the reward with investing in Mortgage Backed Securities.

 

Hindsight is always 20/20 but most bankers and experts saw this result coming.

 

You just listen with your heart a little too much. My whole point was that shaming banks into lending to minorities when they weren't credit worthy started this whole thing of lending to those that couldn't pay the loan back. That's not the fault of minorities, it's the fault of those on the left who push this kind of crap. Did you even read the article? My guess would be no.

 

As to the neighborhoods and Section 8, I'm right, it ruins neighborhoods. All neighborhoods.

 

1. I have read it.

2. You can make no connection to lending to minorities and the current crisis

3. One of the points in the article was that the banks were shamed b/c they were rejecting minority borrowers with the same income as whites at twice the rate. (The minorities it seems had poorer credit b/c they did't have credit cards - seems to me that is the BETTER way to go).

4. they continued to reject non-worthy loans, there is a whole paragraph on it.

5. You also have no stats to back up your claim about section 8 housing.

 

You apparently don't listen with your heart enough or you simply don't like poor and minority people. Or you do like them as long as they are not trying to borrow money or live in your neighborhood.

1. I have read it.

2. You can make no connection to lending to minorities and the current crisis

3. One of the points in the article was that the banks were shamed b/c they were rejecting minority borrowers with the same income as whites at twice the rate. (The minorities it seems had poorer credit b/c they did't have credit cards - seems to me that is the BETTER way to go).

4. they continued to reject non-worthy loans, there is a whole paragraph on it.

5. You also have no stats to back up your claim about section 8 housing.

 

You apparently don't listen with your heart enough or you simply don't like poor and minority people. Or you do like them as long as they are not trying to borrow money or live in your neighborhood.

Go to any neighborhood that has section eight housing / apartment buildings. Ask the folks that have lived in those neighborhoods their entire lives.

My view, it was not just lending to those that could not afford it NO MATTER THE COLOR OF THEIR SKIN but rather out of control spending across the board by all.

 

Too many people have thousands upon thousands of dollars in credit card debt, cars with monthly payments they can barely afford or cannot afford for a 60-72 month period and then they added on a home mortgage that was the last straw on the camels back.

 

The government spends with no thought on paying and that has been for the past 16 years. And they were not about to take a leadership role and tell voters no or they would lose their prescious pedestal of power. Imagine, those of us who are parents, if we gave everything to our children in which they thought they were entitled and never said no to them. What a monster of a spoiled, out of control brat we would raise.

 

The banks thought they could slip an easy one past by making lending easily and affordable for all even those that couldn't afford it. How many other businesses stay in business by selling their products on credit to people that cannot afford it?

 

And the rich who have spent lavishly want to continue the lifestyle and lent to those who cannot afford to pay them back thinking it would help them continue their greeding lifestyle.

 

This country was out of control spending and was ready for a economic issue because of it no matter who was the President.

1. I have read it.

2. You can make no connection to lending to minorities and the current crisis

3. One of the points in the article was that the banks were shamed b/c they were rejecting minority borrowers with the same income as whites at twice the rate. (The minorities it seems had poorer credit b/c they did't have credit cards - seems to me that is the BETTER way to go).

4. they continued to reject non-worthy loans, there is a whole paragraph on it.

5. You also have no stats to back up your claim about section 8 housing.

 

You apparently don't listen with your heart enough or you simply don't like poor and minority people. Or you do like them as long as they are not trying to borrow money or live in your neighborhood.

1. Good, I'm glad to see you did.

2. Baloney!

3. Bad credit is bad credit, so why should they be shamed into it?

4. This was from 1993; we're talking about what it snowballed into today because of the Lefties ignorance and pressure.

5. I've posted things on here before about Section 8, not my fault if you chose to ignore it. As I and others have stated though, just look around or just talk to those that once lived in a nice neighborhood until the blight known as Section 8 rolled into their neighborhood.

 

As to your final comment, it's obvious that you don't know anything about me at all. The fact that I choose to use logic instead of wishing puppies, unicorns and rainbows for everyone is something I'm quite proud of. Sorry if I don't fit into your leftwing ideology. Actually, I'm not sorry, I'm quite proud of that as well.

I have no problem with you, but apparently you think me mean spirited because I expect more of people. I do not apologize for that, but I do wish you well.

1. Good, I'm glad to see you did.

2. Baloney!

3. Bad credit is bad credit, so why should they be shamed into it?

4. This was from 1993; we're talking about what it snowballed into today because of the Lefties ignorance and pressure.

5. I've posted things on here before about Section 8, not my fault if you chose to ignore it. As I and others have stated though, just look around or just talk to those that once lived in a nice neighborhood until the blight known as Section 8 rolled into their neighborhood.

 

As to your final comment, it's obvious that you don't know anything about me at all. The fact that I choose to use logic instead of wishing puppies, unicorns and rainbows for everyone is something I'm quite proud of. Sorry if I don't fit into your leftwing ideology. Actually, I'm not sorry, I'm quite proud of that as well.

I have no problem with you, but apparently you think me mean spirited because I expect more of people. I do not apologize for that, but I do wish you well.

 

 

I just think you have no idea of what it means to be poor TODAY. As a result you have a skewed view of what it takes to pick yourself up out of that cycle and do something different. You have no idea about the loss of hope and lack of a light at the end of a tunnel.

 

I read your posts on section 8 housing and responded and continually bring them up again in later posts.

 

No puppies and rainbows here. Just a firm grasp of the situation of lots of people who are struggling. 43 families to be exact.

I just think you have no idea of what it means to be poor TODAY. As a result you have a skewed view of what it takes to pick yourself up out of that cycle and do something different. You have no idea about the loss of hope and lack of a light at the end of a tunnel.

 

I read your posts on section 8 housing and responded and continually bring them up again in later posts.

 

No puppies and rainbows here. Just a firm grasp of the situation of lots of people who are struggling. 43 families to be exact.

 

I can't speak for RTS, but I don't want to know what it means to be poor. That's why I work hard, and try to be as successful as possible. I have no pity for those that are poor. Everyone can make something of themselves if they truly work hard and are determined to improve their situation.

And the vast majority of those who call themselves poor don't really know what it is to be without.

 

99% of us don't live anywhere close to the way they live in parts of Africa.

1. Good, I'm glad to see you did.

2. Baloney!

3. Bad credit is bad credit, so why should they be shamed into it?

4. This was from 1993; we're talking about what it snowballed into today because of the Lefties ignorance and pressure.

5. I've posted things on here before about Section 8, not my fault if you chose to ignore it. As I and others have stated though, just look around or just talk to those that once lived in a nice neighborhood until the blight known as Section 8 rolled into their neighborhood.

 

As to your final comment, it's obvious that you don't know anything about me at all. The fact that I choose to use logic instead of wishing puppies, unicorns and rainbows for everyone is something I'm quite proud of. Sorry if I don't fit into your leftwing ideology. Actually, I'm not sorry, I'm quite proud of that as well.

I have no problem with you, but apparently you think me mean spirited because I expect more of people. I do not apologize for that, but I do wish you well.

 

How much power did the lefties have after '93?

 

The GOP took over the Congress in '94's elections. They did not lose it again until '06. That is 12 years that this was happening. If it started in '93, how can it be the lefties' fault if for 12 of those years Congress was controlled by the Righties who oversaw Fannie and company? :popcorn:

I just think you have no idea of what it means to be poor TODAY. As a result you have a skewed view of what it takes to pick yourself up out of that cycle and do something different. You have no idea about the loss of hope and lack of a light at the end of a tunnel.

 

I read your posts on section 8 housing and responded and continually bring them up again in later posts.

 

No puppies and rainbows here. Just a firm grasp of the situation of lots of people who are struggling. 43 families to be exact.

No one has to be and stay poor, if they remain that way then perhaps it's of their own making, except for the children of the people we're talking about. I'm not rich by any stretch of the imagination, what I have I worked hard for. No one in my family is rich, in fact, growing up we had very little being raised by a single parent that didn't make much money. We weren't poor but we did everything we could to better ourselves, anyone can do it. Some choose not to.

 

What facts can you give me that Section 8 doesn't ruin neighborhood? Not from some liberal source if you please. I've seen with my own eyes how it's ruined countless neighborhoods, why would I doubt my own eyes?