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Posted: 7/14/2020 10:30:48 PM EDT
[#1]
Quote HistoryQuoted: A lady who’s a pilot with us, her husband is an attorney in Nashville. She was telling us the other day that the stack of eviction and foreclosures his firm is preparing to file is massive unlike anything he’s ever seen and he was practicing during the 2008 housing crisis. And this is just one law firm out of hundreds in one city. He said all other firms that handle eviction and foreclosures are reporting similar situations. It’s gonna be a nightmare when all of this hits the fan. I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. |
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Posted: 7/14/2020 10:31:05 PM EDT
[#2]
Quote HistoryQuoted: There are people who are broke and unemployed right now, there are people with a Whole Lotta Money right now. There is wealth and broke, it's not evenly distributed. Quote HistoryQuoted: Quoted: Quoted: Quoted: A massive credit crisis and Great Recession 2.0. And we'll have inflicted it upon ourselves willfully because of a virus which won't magically go away just because we mag dumped a D60 into the economy. We're already in Recession 2.0 right now dude im trying to buy a used tractor right now, and anything worth a shit disappears before I can even ask for a phone number. new vehicle? Forget it There are people who are broke and unemployed right now, there are people with a Whole Lotta Money right now. There is wealth and broke, it's not evenly distributed. Yep |
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Posted: 7/14/2020 10:32:13 PM EDT
[#3]
Quote HistoryQuoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. Quote HistoryQuoted: Quoted: A lady who’s a pilot with us, her husband is an attorney in Nashville. She was telling us the other day that the stack of eviction and foreclosures his firm is preparing to file is massive unlike anything he’s ever seen and he was practicing during the 2008 housing crisis. And this is just one law firm out of hundreds in one city. He said all other firms that handle eviction and foreclosures are reporting similar situations. It’s gonna be a nightmare when all of this hits the fan. I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. Damn man, All real estate is local you may luck out Real estate have been suppressed here since 2014 when crude tanked |
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Posted: 7/14/2020 10:34:27 PM EDT
[#4]
Quote HistoryQuoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. His firm alone is handling nearly 2,000 evictions and an even bigger pile of foreclosures. With a lot of the foreclosures being rental properties where the landlords are suffering due to non rental payments. The down stream effects of this are truly unknown to quote him, we are in completely uncharted territory. |
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Posted: 7/14/2020 10:37:00 PM EDT
[#5]
Quote HistoryQuoted: I am looking for gun/ammo sales from people that didn't make payments to the bank and didn't go back to work and have to sell everything. (every single bill I have gives an option for hardship due to COVID to miss a payment not be charged late fees combined with no dink in the credit report). I am also waiting to put in more to my Roth IRA when the market takes a dip when the payments stop. Eh, if it doesn't no big deal. Yea, if anyone knows a broke dick that needs to unload a 20" Colt 6550 let me know! I will be watching pawn shops next month. lol |
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Posted: 7/14/2020 10:37:39 PM EDT
[#6]
Quote HistoryQuoted: Steel case hits $1 a rd. ? Shoot it and I guarantee you it's more than a $1.00 a round. Self defense is no excuse. |
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Posted: 7/14/2020 10:37:46 PM EDT
[#7]
Quote HistoryQuoted: His firm alone is handling nearly 2,000 evictions and an even bigger pile of foreclosures. With a lot of the foreclosures being rental properties where the landlords are suffering due to non rental payments. The down stream effects of this are truly unknown to quote him, we are in completely uncharted territory. Quote HistoryQuoted: Quoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. His firm alone is handling nearly 2,000 evictions and an even bigger pile of foreclosures. With a lot of the foreclosures being rental properties where the landlords are suffering due to non rental payments. The down stream effects of this are truly unknown to quote him, we are in completely uncharted territory. How fucked up is it that the govt did that to landlords |
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Posted: 7/14/2020 10:38:39 PM EDT
[#8]
All of a sudden the COVID won't be so bad.
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Posted: 7/14/2020 10:38:51 PM EDT
[#9]
Quote HistoryQuoted: There are people who are broke and unemployed right now, there are people with a Whole Lotta Money right now. There is wealth and broke, it's not evenly distributed. Quote HistoryQuoted: Quoted: Quoted: Quoted: A massive credit crisis and Great Recession 2.0. And we'll have inflicted it upon ourselves willfully because of a virus which won't magically go away just because we mag dumped a D60 into the economy. We're already in Recession 2.0 right now dude im trying to buy a used tractor right now, and anything worth a shit disappears before I can even ask for a phone number. new vehicle? Forget it There are people who are broke and unemployed right now, there are people with a Whole Lotta Money right now. There is wealth and broke, it's not evenly distributed. guess the day of reckoning is coming. Maybe Monday?  |
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Posted: 7/14/2020 10:39:10 PM EDT
[#10]
Quote HistoryQuoted: The price of a blowjob behind Walmart is going to drop significantly. The salad days are upon us. Hahaha... 
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Posted: 7/14/2020 10:40:10 PM EDT
[#11]
Quote HistoryQuoted: How fucked up is it that the govt did that to landlords Quote HistoryQuoted: Quoted: Quoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. His firm alone is handling nearly 2,000 evictions and an even bigger pile of foreclosures. With a lot of the foreclosures being rental properties where the landlords are suffering due to non rental payments. The down stream effects of this are truly unknown to quote him, we are in completely uncharted territory. How fucked up is it that the govt did that to landlords |
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Posted: 7/14/2020 10:40:53 PM EDT
[#12]
Quote HistoryQuoted: How fucked up is it that the govt did that to landlords Quote HistoryQuoted: Quoted: Quoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. His firm alone is handling nearly 2,000 evictions and an even bigger pile of foreclosures. With a lot of the foreclosures being rental properties where the landlords are suffering due to non rental payments. The down stream effects of this are truly unknown to quote him, we are in completely uncharted territory. How fucked up is it that the govt did that to landlords We were all served a shit sandwich. Landlords got it open faced. |
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Posted: 7/14/2020 10:41:06 PM EDT
[#13]
Quote HistoryQuoted: How fucked up is it that the govt did that to landlords Agreed and if the left gets its way again they will shut it all down again effectively killing our country |
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Posted: 7/14/2020 10:43:20 PM EDT
[#14]
Quote HistoryQuoted: I suspect there will be a 2nd Trumpbux. The Commies want it, the Republicrats want it... I thought I heard on the news Trump saying that he wants the Trump bucks to be more than the $1,200 originally talked about for round two. |
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Posted: 7/14/2020 10:45:17 PM EDT
[#15]
I really hope all you light spirited chuckle head guys are right. I really do.
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Posted: 7/14/2020 10:45:20 PM EDT
[#16]
Quote HistoryQuoted: Agreed and if the left gets its way again they will shut it all down again effectively killing our country Quote HistoryQuoted: Quoted: How fucked up is it that the govt did that to landlords Agreed and if the left gets its way again they will shut it all down again effectively killing our country Its called the Plandemic for a reason.
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Posted: 7/14/2020 10:46:41 PM EDT
[#17]
Quote HistoryQuoted: I thought I heard on the news Trump saying that he wants the Trump bucks to be more than the $1,200 originally talked about for round two. Quote HistoryQuoted: Quoted: I suspect there will be a 2nd Trumpbux. The Commies want it, the Republicrats want it... I thought I heard on the news Trump saying that he wants the Trump bucks to be more than the $1,200 originally talked about for round two. The 1,200 I think is worst of both sides. It isn't going to do anything for the economy and just get more FSA types hooked on the UBI BS. |
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Posted: 7/14/2020 10:47:40 PM EDT
[#18]
Get a job?
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Posted: 7/14/2020 10:47:58 PM EDT
[#19]
Quote HistoryQuoted: I read that 31-32% of all rent and mortgage payments were overdue in April, May, June, possibly July IIRC. The evictions/foreclosures will be BIBLICAL. I just hope I can get my house sold before the housing market tanks. and when the extra $600/wk goes away on the 25th, expect that overdue percentage to double |
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Posted: 7/14/2020 10:48:40 PM EDT
[#20]
Quote HistoryQuoted: I get to buy up a few toys that people have been trying to sell at inflated prices. Eyeing an ltr or a yfz 450. I would love to move. I hear lots of people aren’t paying their mortgages. |
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Posted: 7/14/2020 10:49:12 PM EDT
[#21]
Quote HistoryQuoted: The price of a blowjob behind Walmart is going to drop significantly. The salad days are upon us.  |
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Posted: 7/14/2020 10:49:37 PM EDT
[#22]
it better not be "months from now" when this happens.
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Posted: 7/14/2020 10:49:51 PM EDT
[#23]
What happens? All the lazy surly fucks go back to work.
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Posted: 7/14/2020 10:51:21 PM EDT
[#24]
Quote HistoryQuoted: Who's gonna rent it then anyways? Right now according to my attorney friend, huge property management companies are lining up to buy these foreclosures at pennies on the dollar leaving the original buyer on the hook for the leftovers. They have the capital to sit on them while the market works out a new price point for rent. Then they’ll shove people who can barely afford them into those properties for a year or two, those folks will either default or move out because they can’t afford rent. The PM companies will move on to the next renter. We’ve become a nation of renters and there’s no shortage of people willing to pay $1,000 to $2,000 a month in rent for short term housing. A lot of these are multiple roommates or even two families living together just to survive. It’s sad to hear him tell his stories... |
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Posted: 7/14/2020 10:51:35 PM EDT
[#25]
I’ve heard from several people who hire for their businesses and they say the few who are bothering to apply are expecting at least $800 a week or forget it.
The plan is working. |
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Posted: 7/14/2020 10:52:05 PM EDT
[#26]
We have helicopters, and we have printing presses.
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Posted: 7/14/2020 10:55:13 PM EDT
[#27]
Second Stimulus Check During Pandemic Could Go Out As Early As August
"The U.S. House already passed the $3 trillion HEROES Act, which includes a second stimulus payment." https://dfw.cbslocal.com/2020/07/14/second-stimulus-check-coronavirus-pandemic/ Lol. People not keeping up with the news, or just really don't think it'll pass the Senate? Trump has been pressuring Republicans in Congress to get him a second round of Trump bucks. |
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Posted: 7/14/2020 11:00:29 PM EDT
[#28]
Trump should say if states want to lock down again then they are responsible for the unemployment payments. I bet not a single state locks down again after that.
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Posted: 7/14/2020 11:04:11 PM EDT
[#29]
Quote HistoryQuoted: Trump should say if states want to lock down again then they are responsible for the unemployment payments. I bet not a single state locks down again after that. CA locking down again to try and extort federal $ after their first attempt at getting a fed bailout for their retardation failed. |
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Posted: 7/14/2020 11:04:20 PM EDT
[#30]
Quote HistoryQuoted: We're already in Recession 2.0 right now dude But we haven't even begun to feel the real agonizing pain. We're just in the waiting room for the real suck. Think crime and civil unrest is high now? Wait until the avg dumbass American who was living well beyond their means financing overpriced vehicles, boats, and living house poor starts getting their shit repo'd and is unable to put food on the table. There are tons of people right now who have taken advantage of the mortgage forbearance and their unemployment income to finance more shit instead of squirreling away the saving  Maybe at best 30% of Americans are doing things right with their personal finances and aren't reliant on the govt. Even Conservatives are blowing ridiculous amounts of coin on stupid trucks and boats and other shit they can't really afford. Our country is full of dumbass debtors and welfare slags, and we're all about to get our lunch eaten. And if Biden wins? LOL. Game over. Enjoy our future living in a failed soviet satellite state, where everything is rotting, rusting, falling apart, and dysfunctional, but throw in more ghetto goblin crime and mob rule.    |
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Posted: 7/14/2020 11:07:22 PM EDT
[#31]
Quote HistoryQuoted: But we haven't even begun to feel the real agonizing pain. We're just in the waiting room for the real suck. Think crime and civil unrest is high now? Wait until the avg dumbass American who was living well beyond their means financing overpriced vehicles, boats, and living house poor starts getting their shit repo'd and is unable to put food on the table. There are tons of people right now who have taken advantage of the mortgage forbearance and their unemployment income to finance more shit instead of squirreling away the saving Maybe at best 30% of Americans are doing things right with their personal finances and aren't reliant on the govt. Even Conservatives are blowing ridiculous amounts of coin on stupid trucks and boats and other shit they can't really afford. Our country is full of dumbass debtors and welfare slags, and we're all about to get our lunch eaten. And if Biden wins? LOL. Game over. Enjoy our future living in a failed soviet satellite state, where everything is rotting, rusting and falling apart, and dysfunctional, but throw in more ghetto crime and mob rule. https://i.dailymail.co.uk/i/pix/2013/12/28/article-0-1A28170800000578-152_634x419.jpg https://c8.alamy.com/comp/CNTH02/a-derelict-factory-in-manchester-CNTH02.jpg https://i.pinimg.com/originals/8f/33/5c/8f335cde40675da2ef71afbbe074bb11.jpg https://i.insider.com/557f5fd46da8118f0a322ae6?width=1100&format=jpeg&auto=webp Quote HistoryQuoted: Quoted: We're already in Recession 2.0 right now dude But we haven't even begun to feel the real agonizing pain. We're just in the waiting room for the real suck. Think crime and civil unrest is high now? Wait until the avg dumbass American who was living well beyond their means financing overpriced vehicles, boats, and living house poor starts getting their shit repo'd and is unable to put food on the table. There are tons of people right now who have taken advantage of the mortgage forbearance and their unemployment income to finance more shit instead of squirreling away the saving Maybe at best 30% of Americans are doing things right with their personal finances and aren't reliant on the govt. Even Conservatives are blowing ridiculous amounts of coin on stupid trucks and boats and other shit they can't really afford. Our country is full of dumbass debtors and welfare slags, and we're all about to get our lunch eaten. And if Biden wins? LOL. Game over. Enjoy our future living in a failed soviet satellite state, where everything is rotting, rusting and falling apart, and dysfunctional, but throw in more ghetto crime and mob rule. https://i.dailymail.co.uk/i/pix/2013/12/28/article-0-1A28170800000578-152_634x419.jpg https://c8.alamy.com/comp/CNTH02/a-derelict-factory-in-manchester-CNTH02.jpg https://i.pinimg.com/originals/8f/33/5c/8f335cde40675da2ef71afbbe074bb11.jpg https://i.insider.com/557f5fd46da8118f0a322ae6?width=1100&format=jpeg&auto=webp Hey God Damn it I want a Buran too! |
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Posted: 7/14/2020 11:14:29 PM EDT
[#32]
Hoping for more trump bux so I can buy more shit to enjoy my simple life before the end of the world as we know it
Maybe Trump Broncos? That would be cool! |
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Posted: 7/14/2020 11:16:11 PM EDT
[#33]
Quote HistoryQuoted: More riots and looting coming. Next push by FSA will be for a “guaranteed income”. "If you give a mouse a crack-cookie..." |
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Posted: 7/14/2020 11:16:52 PM EDT
[#34]
Quote HistoryQuoted: Yep, ends July 25th (atleast here in TX) Quote HistoryQuoted: Quoted: The extra $600? It runs out at the end of this month. Yep, ends July 25th (atleast here in TX) But it's okay, TWC isn't requiring anyone to actually demonstrate they're looking for work, LOL! |
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Posted: 7/14/2020 11:17:34 PM EDT
[#35]
Quote HistoryQuoted: Crime will go up so fast. People need to buy food and shelter. It will happen all over the country. Even small towns will suffer. The big cities will burn. Little late for those predictions
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Posted: 7/14/2020 11:20:50 PM EDT
[#36]
No idea. I pulled out of my Covid hibernation today to see help wanted signs on a bunch of businesses. Maybe you could come to TN and get a job?
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Posted: 7/14/2020 11:25:12 PM EDT
[#37]
Quote HistoryQuoted: Right now according to my attorney friend, huge property management companies are lining up to buy these foreclosures at pennies on the dollar leaving the original buyer on the hook for the leftovers. They have the capital to sit on them while the market works out a new price point for rent. Then they'll shove people who can barely afford them into those properties for a year or two, those folks will either default or move out because they can't afford rent. The PM companies will move on to the next renter. We've become a nation of renters and there's no shortage of people willing to pay $1,000 to $2,000 a month in rent for short term housing. A lot of these are multiple roommates or even two families living together just to survive. It's sad to hear him tell his stories... Quote HistoryQuoted: Quoted: Who's gonna rent it then anyways? Right now according to my attorney friend, huge property management companies are lining up to buy these foreclosures at pennies on the dollar leaving the original buyer on the hook for the leftovers. They have the capital to sit on them while the market works out a new price point for rent. Then they'll shove people who can barely afford them into those properties for a year or two, those folks will either default or move out because they can't afford rent. The PM companies will move on to the next renter. We've become a nation of renters and there's no shortage of people willing to pay $1,000 to $2,000 a month in rent for short term housing. A lot of these are multiple roommates or even two families living together just to survive. It's sad to hear him tell his stories... I got a buddy that is a commercial loan officer for a large regional bank around here. I'm gonna pick his brain a bit. See what he says and what he sees going forward. |
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Posted: 7/14/2020 11:25:41 PM EDT
[#38]
Reparations
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Posted: 7/14/2020 11:31:09 PM EDT
[#39]
Quote HistoryQuoted: Get a job? Shit like this just makes you sound ignorant. I work for an insurance broker so i see a huge variation of businesses. They are ALL impacted in one way or another. Some are at 20% of last year, some 50%, some close to the same. The ONLY businesses doing slightly better are in logistics/trucking. BUT that is starting to slow down. The only reason they were up is because people stayed home and ordered shit online and spent their vacation money on a new tv/atv/car, etc.. That shit aint sustainable though because so many people arent going back to work. Our economy is literally destroyed, but we just dont know it yet. If you arent stacking cash right now it is your funeral... |
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Posted: 7/14/2020 11:34:47 PM EDT
[#40]
Quote HistoryQuoted: How fucked up is it that the govt did that to landlords They are trying to stave off another "rea estate crisis" and don't give a crap how many individual owners it hurts as long as it plays well on the news... They are trying to delay the issue until employment returns... |
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Posted: 7/14/2020 11:36:21 PM EDT
[#41]
Quote HistoryQuoted: With the extra $600/week, it was just about what I took home. I was permanently laid off the end of March. Had a phone interview today and an in person first interview with a different company tomorrow. Not all of us on unemployment are sluggards and actually want to work, but finding a job is tough. Yep. My entire industry is shut down until spring, or later. The extra unemployment brings me to about 50% of what I was making on the road. |
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Posted: 7/14/2020 11:36:54 PM EDT
[#42]
Quote HistoryQuoted: The 1,200 I think is worst of both sides. It isn't going to do anything for the economy and just get more FSA types hooked on the UBI BS. Oh it did a LOT for the economy. It sold massive amounts of Cars,boats,ATVs, and RVs. Come in with your Trump bucks down payment and get delayed terms for as long as possible. |
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Posted: 7/14/2020 11:37:27 PM EDT
[#43]
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Posted: 7/14/2020 11:42:11 PM EDT
[#44]
The economy is going to be 100% fucked, I work in specialty alloys and we are down 30% , the company has been using the unemployment to help keep costs down so actual firings have been kept minimal. But once the federal $$$ runs out I predict some serious hurting.
This might make the Great Depression look like a cake walk and we did it for basically nothing IMHO. |
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Posted: 7/14/2020 11:47:35 PM EDT
[#45]
Quote HistoryQuoted: You don't know how right you are. Nanny is already fighting for 3 trillion more. That's "trillion" with a "t". One trillion. Two trillion. Ten trillion. At this point, what difference does it make? |
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Posted: 7/14/2020 11:49:27 PM EDT
[#46]
 WarGames (3/11) Movie CLIP - Shall We Play a Game? (1983) HD |
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Posted: 7/14/2020 11:57:02 PM EDT
[#47]
Quote HistoryQuoted: A buncha W2 Wage Bros who rode the Unemployment Gravy Train and laughed all the way to the bank will cry and vote Democrat because "Trump fucked me over." |
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Posted: 7/15/2020 12:04:22 AM EDT
[#48]
Quote HistoryQuoted: Wanna bet? They’ll all go to those huge property management companies back by the big gorilla investment firms who’s one goal is to create a nation of renters. From a nation of homeowners to a nation of renters No doubt. But I think local banks, and big banks on the COVID train, will delay as long as they can. This is a good time to buy. Terrible time to be in debt, but if the sellers were smart, they would have rented. |
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Posted: 7/15/2020 12:09:12 AM EDT
[#49]
A NYS Trooper I know said that back in the last recession they were arresting educated people who previously had good jobs for crimes you would have never thought such people would ever commit. So if things do not get back to normal lives will be ruined and desperate people will do desperate things.
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Posted: 7/15/2020 12:13:44 AM EDT
[#50]
Quote HistoryQuoted: I swung by the boat dealership for grins. Salesman said he doesn't even prep them from shipment and they are sold for msrp. im trying to buy a used tractor right now, and anything worth a shit disappears before I can even ask for a phone number. new vehicle? Forget it Quote HistoryQuoted: Quoted: Quoted: A massive credit crisis and Great Recession 2.0. And we'll have inflicted it upon ourselves willfully because of a virus which won't magically go away just because we mag dumped a D60 into the economy. We're already in Recession 2.0 right now dude im trying to buy a used tractor right now, and anything worth a shit disappears before I can even ask for a phone number. new vehicle? Forget it That’s insane. Shits going to get a lot worse. |
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