Comments on: It’s time to take back the American Dream

By: aconniff

aconniff — Tue, 20 May 2008 17:36:18 +0000

Random Steering question.
Anyone know of Countrywide, Full Spectrum Lending Division and their new TS2/RealEc program? They are only using Stewart, Fidelity, and LandAmerica Corporation for title and escrow now. I guess you have to have the new TS2 program, and if you aren't already approved for the new system you can't get in to get approved. Is that steering?

By: avenue s

avenue s — Wed, 14 May 2008 17:38:48 +0000

“too often we excuse those who live their lives from the shattered dreams of other human beings” RFK.
A loan audit to determine the validity of the mortgage contract is what we suggest to put a Stop to this cancer. Seek out violations that break State and Federal Fair Lending Laws. Hold these vultures accountable.

By: morganb

morganb — Wed, 14 May 2008 16:32:10 +0000

Thanks Hezekiah -it's nice to see a comment from you again!

Morgan

By: morganb

morganb — Wed, 14 May 2008 16:31:41 +0000

thanks chris and well said!

By: Genuine Chris Johnson

Genuine Chris Johnson — Wed, 14 May 2008 03:26:30 +0000

Morgan-

This is a classic BM. And what to do about it? Drive your 1998 honda another 3 years. STOP worrying about the approbabtion of 30k millionaires.

By: Hezekiah King

Hezekiah King — Wed, 14 May 2008 01:10:50 +0000

It's funny how you guys are going on with this "Amen" and "Brother Morgan" bit. I intended to post the following before I saw the comments:)

The Bible has a LOT to say about debt. This website seems to capture the essence quite well.

http://www.christchurch-virginiawater.co.uk/art...

Here are a couple of particularly poignant quotes from the Bible:

?The rich rule over the poor, and the borrower is servant to the lender? (Proverbs 22:7).

?Do not co-sign another person?s note or put up a guarantee for someone else?s loan. If you can?t pay it, even your bed will be snatched from under you? (Proverbs 22:26?27 NLT).

God bless you.

By: morganb

morganb — Tue, 13 May 2008 17:41:06 +0000

Well said Dr. HB. Warren Buffet is simply following the steps of the most
successful mega-millionaires who realize that in the end that dying with the
most stuff, money, cars, debt, etc. is not the American Dream. It is
opportunity, plain and simple, that has been mutated by the greed-driven
marketing efforts of for-profit corporations.

By: Dr. Housing Bubble

Dr. Housing Bubble — Tue, 13 May 2008 16:12:20 +0000

Amen Brother!

I think the $30k millionaires out there think they are living the American Dream when they are simply posing in a debt ridden lifestyle with their H2 gas guzzlers going 10 MPH on the 405 in rush hour traffic. Not exactly the American Dream.

You know, I think this is so pervasive that a large number of people simply cannot understand why Warren Buffet is leaving his kids only a fraction of his fortune and donating the rest. His kids are all well adjusted but understand that being wealthy is much more than the artifacts of debt. That has been lost on our society and the financial illiteracy is coming back to bite us.

I have a feeling we are in for a societal tipping point.

By: Aaron Fischer

Aaron Fischer — Tue, 13 May 2008 15:08:12 +0000

I would argue that the American dream has always been the real ownership of property . Be that real estate or material goods.

By: morganb

morganb — Tue, 13 May 2008 14:08:05 +0000

that's how i'm feeling right now Don!