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Author Topic: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”  (Read 3081 times)

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Offline Ptarmigan

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Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« on: March 08, 2009, 10:14:43 PM »
Bus driver Minta Garcia admits that she and her husband bought more house than they could afford, but she said "the lender made the purchase all too easy."  Now the home that she purchased for $800K is worth $675K and she wants Obama to "Stop the foreclosures".

http://housingdoom.com/2009/02/19/bus-driver-about-to-lose-800k-home-tells-obama-stop-foreclosures/

The posterchild of not paying your mortage. A bus driver and her husband who is a construction worker live in a $800,000 with a "t", thousand, live in a home that they cannot pay mortage on. And Obama wants to bail them out. WTF??????????????????? We're in this recession mess because of toxic mortgage.
« Last Edit: March 08, 2009, 10:16:20 PM by Ptarmigan »
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Offline rich_t

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #1 on: March 08, 2009, 10:35:00 PM »
Let them live in their car as an object lesson that stupidity has consequences.
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Offline Ptarmigan

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #2 on: March 08, 2009, 10:36:56 PM »
Quote from: rich_t on March 08, 2009, 10:35:00 PM
Let them live in their car as an object lesson that stupidity has consequences.

Dude, I can't even afford an $800K house. There is another story where a fruit picker who makes $14,000 a year and got $700K house in Bakersfield.
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Offline Chris_

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #3 on: March 08, 2009, 10:37:10 PM »
Quote from: rich_t on March 08, 2009, 10:35:00 PM
Let them live in their car as an object lesson that stupidity has consequences.

I did it for six months once, and I didn't have to be as financially screwed up as those folks are to wind up there.

I also survived and moved on from it - by busting my ass.
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Offline rich_t

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #4 on: March 08, 2009, 10:39:32 PM »
Quote from: DefiantSix on March 08, 2009, 10:37:10 PM
I did it for six months once, and I didn't have to be as financially screwed up as those folks are to wind up there.

I also survived and moved on from it - by busting my ass.

D6,

I was talking about the idiots in the OP.
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Offline Chris

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #5 on: March 08, 2009, 10:49:57 PM »
Quote from: rich_t on March 08, 2009, 10:35:00 PM
Let them live in their car as an object lesson that stupidity has consequences.

They can live in the bus.  :evillaugh:
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Offline Chris_

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #6 on: March 08, 2009, 10:59:15 PM »
Quote from: rich_t on March 08, 2009, 10:39:32 PM
D6,

I was talking about the idiots in the OP.

So was I.

I'm approving of your suggestion.  Maybe it'll pull some heads out of rectal orifices.
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Offline thundley4

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #7 on: March 09, 2009, 07:12:32 AM »
What were the idiots that took out these loans thinking, and what were the lenders thinking?  I've always been taught that what you pay for housing should not exceed more than 1/4 of your net income.
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Offline Eupher

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #8 on: March 09, 2009, 08:00:44 AM »
Quote from: Ptarmigan on March 08, 2009, 10:36:56 PM
Dude, I can't even afford an $800K house. There is another story where a fruit picker who makes $14,000 a year and got $700K house in Bakersfield.

Yeah, but that $700K house in Bakersfield is likely a tin roof shack with an outhouse in the back.
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Offline DumbAss Tanker

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #9 on: March 09, 2009, 09:19:48 AM »
Maybe he could send some extra work her way, what with all the people he's thrown under buses so far.
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Offline Chris_

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #10 on: March 09, 2009, 12:39:00 PM »
Quote from: thundley4 on March 09, 2009, 07:12:32 AM
What were the idiots that took out these loans thinking,
Easy money, and we'll worry about it later.
Quote
and what were the lenders thinking? 
...just do what the dimorats in charge tell us to do...lend more money.
...
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Offline Wineslob

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #11 on: March 10, 2009, 09:49:50 AM »
Quote from: Ptarmigan on March 08, 2009, 10:36:56 PM
Dude, I can't even afford an $800K house. There is another story where a fruit picker who makes $14,000 a year and got $700K house in Bakersfield.


I bought a home thats 1/8th the cost of that. It was what I could afford. I'll bet our household income is the same or higher than theirs.

WTF is with these people??
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Offline GOP Congress

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #12 on: March 10, 2009, 10:22:10 AM »
Don't forget all those renters who are paying artificially high leases because of the stupidity.
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Offline Splashdown

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #13 on: March 10, 2009, 10:43:21 AM »
I'd make a snide comment about short buses here, but I don't want to offend our special forum section.  :-)
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Offline Chris

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #14 on: March 10, 2009, 12:00:12 PM »
Quote from: Splashdown on March 10, 2009, 10:43:21 AM
I'd make a snide comment about short buses here, but I don't want to offend our special forum section. 

They enjoy being offended.  That's why that forum exists.  :-)
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Offline The Village Idiot

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #15 on: March 10, 2009, 12:41:40 PM »
Quote from: Ptarmigan on March 08, 2009, 10:14:43 PM
Bus driver Minta Garcia admits that she and her husband bought more house than they could afford, but she said "the lender made the purchase all too easy."  Now the home that she purchased for $800K is worth $675K and she wants Obama to "Stop the foreclosures".

http://housingdoom.com/2009/02/19/bus-driver-about-to-lose-800k-home-tells-obama-stop-foreclosures/

The posterchild of not paying your mortage. A bus driver and her husband who is a construction worker live in a $800,000 with a "t", thousand, live in a home that they cannot pay mortage on. And Obama wants to bail them out. WTF??????????????????? We're in this recession mess because of toxic mortgage.

There was a story about how many with FHA mortgage 'problems' did not make a single payment
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Offline thundley4

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Re: Bus Driver About To Lose $800K Home Tells Obama “Stop Foreclosures”
« Reply #16 on: March 10, 2009, 01:00:17 PM »
Quote from: FGL on March 10, 2009, 12:41:40 PM
There was a story about how many with FHA mortgage 'problems' did not make a single payment

How many of those were second houses that people bought with the idea of flipping them for a profit?
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