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demigoddess

(6,675 posts)

26. They want you to buy a house but never pay it off.

Reply to HughBeaumont (Original post)

Mon Aug 24, 2015, 07:41 PM

Aug 2015

first home loan, no assumable mortgages, then take out home equity loans to pay for improvements on said home, and then you take out a reverse mortgage, which is essentially a home equity loan on any amount up to the full amount of the home value. By the time you get done, you have paid for the house ten times over, maybe more. Banks make out like bandits!!

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I cannot do it. [View all] HughBeaumont Aug 2015 OP

The Am dream promised by so many, is less hopeful thinking and more delusion. HereSince1628 Aug 2015 #1

THIS ^ HughBeaumont Aug 2015 #5

Success in the US for most is a delusion. Some great CEOs and like have said in today's RKP5637 Aug 2015 #2

I think many people are fooling themselves. jalan48 Aug 2015 #3

Not to mention the Boehner Congress is still controlling the purse strings and not going anywhere. HughBeaumont Aug 2015 #6

Well at least all if the House and a third of the Senate TexasBushwhacker Aug 2015 #13

That would depend.... daleanime Aug 2015 #15

Yep. One man or woman isn't enough. HughBeaumont Aug 2015 #19

Thatcher wasn't exactly a step forward for the UK. jeff47 Aug 2015 #11

It's a big club and we're not in it - TBF Aug 2015 #4

...and it's all bullshit. L0oniX Aug 2015 #21

Who's asking you to? If it's a Democrat, shouldn't this be in GD:P? (nt) muriel_volestrangler Aug 2015 #7

No candidates or parties are mentioned. HughBeaumont Aug 2015 #8

If you feel that's what even Bernie Sanders is standing for, muriel_volestrangler Aug 2015 #9

I don't feel that. HughBeaumont Aug 2015 #12

+1 n/t area51 Aug 2015 #28

"This economic platform seems to be ubiquitous, no matter if it's a President ... muriel_volestrangler Aug 2015 #31

Neo-liberalism s what it's called and both sides are into it. haikugal Aug 2015 #27

Someone's done a switcheroo. Octafish Aug 2015 #10

For many guys like myself, the "American dream" didn't amount to my becoming wealthy at any brewens Aug 2015 #14

And that's why they make news . . . because even living wage Horatio Alger stories are pretty rare. HughBeaumont Aug 2015 #16

And the people who tell those stories always leave one tiny detail out jmowreader Aug 2015 #24

In some cases we don't have a choice d_legendary1 Aug 2015 #17

But, welfare reform will keep people working, keep them from substituting laziness for hard work, jtuck004 Aug 2015 #18

And I'm with you madokie Aug 2015 #25

I never wonder why people rob banks. L0oniX Aug 2015 #20

But that's any system that doesn't change how currency works. Shandris Aug 2015 #22

I'd like basic human rights not to be commoditized, made economically quantifiable or politicized. HughBeaumont Aug 2015 #32

More likely they will say: Are there no workhouses? Are there no prisons? -nt Liberal Veteran Aug 2015 #23

They want you to buy a house but never pay it off. demigoddess Aug 2015 #26

You shouldn't assume anyone's benevolence. The same sociopath's that occupy boardrooms Nuclear Unicorn Aug 2015 #29

"They call it the American dream, because you have to be asleep to believe it!" reformist2 Aug 2015 #30