RE: Models homes being demolished by banks

Collarspace Discussion Forums

Home Login Search

RE: Models homes being demolished by banks

View related threads: (in this forum | in all forums)

Logged in as: Guest

All Forums >> [Casual Banter] >> Off the Grid >> RE: Models homes being demolished by banks

Page: << < prev 1 [2] 3 next > >>

Login

Message

<< Older Topic Newer Topic >>

RE: Models homes being demolished by banks - 5/6/2009 7:28:46 PM

Louve00

Posts: 1674
Joined: 2/1/2009
Status: offline

quote:

ORIGINAL: MasterG2kTR

One of the real kickers is that the bank doing received bailout funds so "WE" are paying for that.
It also seems to me that they could have cut the price in half and still come out ahead as opposed to demolishing the homes.

I also agree with BK, that they could have donated them to habitat for humanity and used it as a write off. Apparently banking and common sense do not go hand-in-hand.

Donated them for a write off, sold them at half price, hell...even sell them to another contractor or bank for 75% off, and they come in to salvage it. Then they wouldn't have had to pay to demolish it.

Wonder what that same bank would do if people who were in foreclosure with them set their houses on fire because they were losing it? Isn't that the same mentality? If I can't have it, no one can.

_____________________________

For the great majority of mankind are satisfied with appearance, as though they were realities and are often more influenced by the things that seem than by those that are. - Niccolo Machiavelli

(in reply to MasterG2kTR)

Post #: 21

RE: Models homes being demolished by banks - 5/6/2009 7:31:32 PM

kittinSol

Posts: 16926
Status: offline

There is nothing to elucidate: if you don't get it, it's your problem. I'm not going to babysit you through this. The McMansion is dead, and so is the Far West.

_____________________________

(in reply to TreasureKY)

Post #: 22

RE: Models homes being demolished by banks - 5/6/2009 7:48:38 PM

Sanity

Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline

Didn't Jimmy Carter put on a sweater and declare something very similar to that once...

quote:

ORIGINAL: kittinSol

There is nothing to elucidate: if you don't get it, it's your problem. I'm not going to babysit you through this. The McMansion is dead, and so is the Far West.

_____________________________

Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to kittinSol)

Post #: 23

RE: Models homes being demolished by banks - 5/6/2009 7:50:03 PM

TreasureKY

Posts: 3032
Joined: 4/10/2007
From: Kentucky
Status: offline

Sorry, but your claim that the "McMansion" (cutesy little term, there) and the "Far West" is dead, is a nonsensical and somewhat moot reply to my comment.

What has that to do with calling for the legislation of where people can build homes?

And what has it to do with my projecting your attitude to its extreme by hyperbole?

Are you able to actually discuss the subject at hand, or will you continue to make cryptic one line comments?

(in reply to kittinSol)

Post #: 24

RE: Models homes being demolished by banks - 5/6/2009 7:50:13 PM

kittinSol

Posts: 16926
Status: offline

No clue. I'm too young to know

.

_____________________________

(in reply to Sanity)

Post #: 25

RE: Models homes being demolished by banks - 5/6/2009 8:02:44 PM

TreasureKY

Posts: 3032
Joined: 4/10/2007
From: Kentucky
Status: offline

Oh, and by the way...

Which is it?

quote:

ORIGINAL: kittinSol

I hope the era of the selfish McMansion is over.

Or...

quote:

ORIGINAL: kittinSol

The McMansion is dead...

Bit confused, maybe?

(in reply to kittinSol)

Post #: 26

RE: Models homes being demolished by banks - 5/6/2009 8:22:49 PM

Sanity

Posts: 22039
Joined: 6/14/2006
From: Nampa, Idaho USA
Status: offline

Well, a little ancient history history lesson for you then.

He did.

Nice guy, meant well, and I could see where he was coming from - he was just wrong about everything, that's all.

quote:

ORIGINAL: kittinSol

No clue. I'm too young to know .

_____________________________

Inside Every Liberal Is A Totalitarian Screaming To Get Out

(in reply to kittinSol)

Post #: 27

RE: Models homes being demolished by banks - 5/6/2009 8:54:37 PM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline

quote:

ORIGINAL: TreasureKY

Oh, and by the way...

Which is it?

quote:

ORIGINAL: kittinSol

I hope the era of the selfish McMansion is over.

Or...

quote:

ORIGINAL: kittinSol

The McMansion is dead...

Bit confused, maybe?

Treasure, I gave up trying to get a straight answer out of Kittin or slavemike about a month ago.

_____________________________

"But Your Honor, this is not a Jury of my Peers, these people are all decent, honest, law-abiding citizens!"

(in reply to TreasureKY)

Post #: 28

RE: Models homes being demolished by banks - 5/6/2009 9:09:00 PM

susie

Posts: 1699
Joined: 11/21/2004
Status: offline

FR

In the UK we have business rates which are paid on all commercial premises. The rates are due even on unoccupied premises. As there are a lot of empty premises at the moment due to business failing the owners of the premises are having to pay rates with no rental income. There have been a lot of cases where the owners have been demolishing their buildings to save them paying these rates.

(in reply to popeye1250)

Post #: 29

RE: Models homes being demolished by banks - 5/6/2009 9:30:17 PM

Vendaval

Posts: 10297
Joined: 1/15/2005
Status: offline

BK and sappa, you both hit the nail on the head.

quote:

ORIGINAL: sappatoti
I agree BK. As I watched the story about how the banks would rather destroy those houses than donate them, either as residences for the homeless families or by dismantling them in such a fashion as to reuse those almost new materials, I was appalled at the lack of creativity in their solution.

_____________________________

"Beware, the woods at night, beware the lunar light.
So in this gray haze we'll be meating again, and on that
great day, I will tease you all the same."
"WOLF MOON", OCTOBER RUST, TYPE O NEGATIVE

http://KinkMeet.co.uk

(in reply to sappatoti)

Post #: 30

RE: Models homes being demolished by banks - 5/6/2009 9:43:20 PM

DarkSteven

Posts: 28072
Joined: 5/2/2008
Status: offline

quote:

ORIGINAL: sappatoti
What was surprising was that the development's on-site manager, who bought one of the units for the full price when they were new walked out on his existing mortgage and unit. He found someone else (though not explicitly mentioned in the story) to front him enough cash so he could be another unit at the auction for dirt cheap, and he's now living in the new unit.

He's being foreclosed on his first unit, but he really doesn't care since the one he's currently residing in is free and clear.

What's really surprising to me is that someone would front him cash so he could welch on an existing obligation. I mean, like, how could you find a less reputable person to lend to?

_____________________________

"You women....

The small-breasted ones want larger breasts. The large-breasted ones want smaller ones. The straight-haired ones curl their hair, and the curly-haired ones straighten theirs...

Quit fretting. We men love you."

(in reply to sappatoti)

Post #: 31

RE: Models homes being demolished by banks - 5/6/2009 9:44:57 PM

ThatDamnedPanda

Posts: 6060
Joined: 1/26/2009
Status: offline

quote:

ORIGINAL: DarkSteven

quote:

ORIGINAL: sappatoti
What was surprising was that the development's on-site manager, who bought one of the units for the full price when they were new walked out on his existing mortgage and unit. He found someone else (though not explicitly mentioned in the story) to front him enough cash so he could be another unit at the auction for dirt cheap, and he's now living in the new unit.

He's being foreclosed on his first unit, but he really doesn't care since the one he's currently residing in is free and clear.

What's really surprising to me is that someone would front him cash so he could welch on an existing obligation. I mean, like, how could you find a less reputable person to lend to?

Yeah, good point! It's like some perverted, reverse Ponzi scheme.

_____________________________

Panda, panda, burning bright
In the forest of the night
What immortal hand or eye
Made you all black and white and roly-poly like that?

(in reply to DarkSteven)

Post #: 32

RE: Models homes being demolished by banks - 5/9/2009 11:59:30 AM

ienigma777

Posts: 283
Joined: 2/20/2009
Status: offline

GEEZUS.....Can't any of you think.....It's about ...MONEY....that is it. The Banks, mortgage lenders, the Wall 'GREED Streeters..... MONEY.

There is no housing crisis in America.....they demolish because of the Money, they won't make...write it as a revenue loss...and ask for 35 billion to stay in business.

Real Life incident from an aquantance......the housing market drops, the couple go to buy a house, New it sold for $234,000...listed now for $130,000.....so, after seeing those.....'SHORT SALES' .... they decide to buy, sign the papers, the selling agent, when asked for a copy of the intent to buy...says it must be signed by the manager. # of days later, still no copy....after two weeks, the agent calls and says, the bank needs more money....how much more...only 7,000 more to secure the deal....and still no copy of the intent to purchase....okay; says the couple, the ammendment is forwarded and signed......two more weeks go by....nothing, then another call, ..... someone else is interested in the property, we'll need more money.......how much more......45,000 dollars will do the trick.

Incidently, for all the time, at the orginal signing of intent to buy, and rendering earnest money.....no copy ever recieved, and the lending instituation was never presented with the offer.

These people are making money, hand over fist with this manipulated crisis.......and don't forget the Bailout welfare.....they'll go belly up, if they don't get another 35 billion.

Follow the MONEY, folks.

(in reply to sappatoti)

Post #: 33

RE: Models homes being demolished by banks - 5/9/2009 12:03:28 PM

BKSir

Posts: 4037
Joined: 4/8/2008
From: Salt Lake City, UT
Status: offline

That's just it, we can think. They're paying to have these homes demolished, and using it as a write-off, when, they could donate them to habitat for humanity, or sell them at a lower cost, and use THOSE as write-offs also, as well as gaining positive P.R. for nothing. Positive P.R. = boost in public image = boost in sales. This gains them just the opposite.

_____________________________

We'll begin with a spin, traveling in a world of my creation. What we'll see will defy explanation.

I am the voices in your head.

BiggKatt Studios

(in reply to ienigma777)

Post #: 34

RE: Models homes being demolished by banks - 5/9/2009 4:00:21 PM

samboct

Posts: 1817
Joined: 1/17/2007
Status: offline

Well, it does strike me that the citizens should have some say in the matter. After all, at this point, we're major shareholders in a bunch of banks. Where does the bank get off destroying its property which effectively, we, the taxpayer have written them a check for? Isn't it ours? At least a piece of it? Seems to me this is the bank destroying its assets so it can more easily claim its in need of a bailout with nothing but debt on the books.

Sam

(in reply to BKSir)

Post #: 35

RE: Models homes being demolished by banks - 5/9/2009 4:38:38 PM

pahunkboy

Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline

oddly tho- an empty house is not insured for fire. Nor can you take out insurance on a house you do not own.

So we have numerous empty houses... and I would guess- money to be made off of "fire"

(in reply to samboct)

Post #: 36

RE: Models homes being demolished by banks - 5/9/2009 5:16:33 PM

LookieNoNookie

Posts: 12216
Joined: 8/9/2008
Status: offline

quote:

ORIGINAL: Louve00

I saw that on the news last night. What a huge waste!

Complete insanity.

The bank ran the numbers...it was cheaper to tear them down, than to put sheetrock and electrical in them.

Get over it.

(in reply to Louve00)

Post #: 37

RE: Models homes being demolished by banks - 5/9/2009 8:02:45 PM

samboct

Posts: 1817
Joined: 1/17/2007
Status: offline

"The bank ran the numbers...it was cheaper to tear them down, than to put sheetrock and electrical in them.

Get over it."

And these would be different banks than are howling for federal bail out money? The same banks that ran the numbers before making loans that aren't viable? That push the idea of a credit score being the only piece of information as to how to loan out their (now our) money?

What I'm going to be really ticked about is if in a year- the banks go on with business as usual ignoring this disaster. Since the bankers are already going back to their old models of compensation, this looks like its happening.

In short- no, we shouldn't deal with it- we should demand accountability and if somebody winds up in jail- good. There's no way these actions should be legal.

Sam

(in reply to LookieNoNookie)

Post #: 38

RE: Models homes being demolished by banks - 5/9/2009 8:57:26 PM

LookieNoNookie

Posts: 12216
Joined: 8/9/2008
Status: offline

quote:

ORIGINAL: samboct

"The bank ran the numbers...it was cheaper to tear them down, than to put sheetrock and electrical in them.

Get over it."

And these would be different banks than are howling for federal bail out money? I'm not sure. The same banks that ran the numbers before making loans that aren't viable? Could be. That push the idea of a credit score being the only piece of information as to how to loan out their (now our) money? Yeah..."ability to pay"....sure...a fairly common measure in banking.....one I'd actually recommend if one was loaning money....(just a thought).

What I'm going to be really ticked about is if in a year- the banks go on with business as usual ignoring this disaster. Since the bankers are already going back to their old models of compensation, this looks like its happening. Well, it certainly could be....but those that took federal money have identified limits.

In short- no, we shouldn't deal with it- we should demand accountability (we have that) and if somebody winds up in jail- good (several have) . There's no way these actions should be legal (what would those specific actions be?).

Sam

< Message edited by LookieNoNookie -- 5/9/2009 9:00:26 PM >

(in reply to samboct)

Post #: 39

RE: Models homes being demolished by banks - 5/9/2009 9:56:38 PM

blacksword404

Posts: 2068
Joined: 1/4/2008
Status: offline

quote:

ORIGINAL: Louve00

quote:

ORIGINAL: kittinSol

On a tangent, it's got to be said that building in the desert... building out of the way... building in the middle of nowhere: ALL these should be abandoned. Today, it's insane to build far away from resources such as water and transport and to overextend natural resources. I hope the era of the selfish McMansion is over.

I'll sooooo agree with you on that tangent (which doesn't discount the waste), and while we're talking about where to build...I've never figured out just what makes people build their houses along a beach. Like they do down here in Fla, in NC, and so many other places so vulnerable to hurricanes, erosion and what have you. I also can't figure out for the life of me, why they built a city in a fish bowl. New Orleans would be under water naturally, were it not for the dams and barriers keeping the water out. A great city...but a disaster waiting to happen, and has proven that once just recently.

There really is no area in the country that does not have it's share of problems. The northeast had it's flood problems a few years ago. Here in Georgia we are having drought problems. The Midwest has been getting hit with the double curse of drought followed by flood. The st. louis area is due to be hit with an earthquake along the new madrid fault line. The west has it's droughts and fires.

_____________________________

Don't fight him. Embrace your inner asshole.

Tu fellas magnus penum meum...iterum

Genuine catnip/kryptonite.
Ego sum erus.

The capacity to learn is a gift, the ability to learn a skill, the willingness to learn a choice. Dune HH

(in reply to Louve00)

Post #: 40

Page: << < prev 1 [2] 3 next > >>

All Forums >> [Casual Banter] >> Off the Grid >> RE: Models homes being demolished by banks

Page: << < prev 1 [2] 3 next > >>

Jump to:

New Messages	No New Messages
Hot Topic w/ New Messages	Hot Topic w/o New Messages
Locked w/ New Messages	Locked w/o New Messages

Post New Thread

Reply to Message

Post New Poll

Submit Vote

Delete My Own Post

Delete My Own Thread

Rate Posts

Collarchat.com © 2025

Terms of Service

0.094