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11/22/2017 10:05:29 PM
Posted: 8/22/2004 3:02:36 PM EST
Lets pay off everyones house.
Of course there are some rules.
If you work for ANY government agency you cannot join.
A cap of 100,000 pay off on your primary home.
You must be a firearm owner and belong to NRA or any other firm like it.
Payoff payment goes directly to the bank.
If you default the home will be repossed.
If you decide to drop out before youe home is paid all payments are given up.
First come first serve.
A master list will be available to view for everyone involved.

Without running any numbers on paper it will go something like this.

Payments are done on a weekly basis. We should be able to pay off a house or two every week.
Now once your home is paid off you will now be required to pay lets say 25 per week. Remember these are hypothetical numbers just to give you the idea.
Now thats where it will begin to snowball. The more that gets paid the quicker things will get paid.
Now I came up with about 5 bucks a week or about 20 bucks a month. Thats easy to come up with that. Cut back on the sodas, don't super size the McD's lunch etc.

Myself I would gladly pay 100.00 per month after my mortage was paid off instead of 700 per month.

What do you think?
Please only logical comments here.

If anyone here can help on a massive database software that would be great. I'm talking about a program that will be handling billions of dollars. I'm not puter savy.
This can only work as a whole.

Rick
Link Posted: 8/22/2004 3:03:55 PM EST
Link Posted: 8/22/2004 3:06:26 PM EST

Originally Posted By 82ndAbn:
Sounds like a Socialist plan to me.



Sounds like social security...last ones in
get fucked.

Link Posted: 8/22/2004 3:06:35 PM EST
Link Posted: 8/22/2004 3:07:13 PM EST
I've thought of the same type of deal. With a big enough group, if everyone pitched in a dollar you've got quite a chunk of change. There would have to be a sunset on it, so you weren't obligated forever.
Link Posted: 8/22/2004 3:09:35 PM EST

Originally Posted By 82ndAbn:
Sounds like a Socialist plan to me.



Sorta but without the red tape. A plan that will work. A home is a persons largest debt. Why not pay it off quickly and save tons of money.

The Social Security plan is a Socialist idea but the GOV stole I mean borrowed most of it for now.
Link Posted: 8/22/2004 3:13:08 PM EST

While I understand the frustration of
shelling out a ton of cash each month,
with this plan you are going to end up
spending 100K anyhow. This is like a
refinanced mortgage with none of the
benefits.

Plus, I'm not sure that I'd like to be
indebted to someone else for my home.


Link Posted: 8/22/2004 3:13:49 PM EST

Originally Posted By GoGop:
I've thought of the same type of deal. With a big enough group, if everyone pitched in a dollar you've got quite a chunk of change. There would have to be a sunset on it, so you weren't obligated forever.



Finally someone with some ideas.

I opted to disallow anyone that is connected with the GOV since they have a way with screwing plans up.

Nobody gets screwed this isn't a pyramid. What we are saving on is the 3 times the interest you would pay on for 30 years.

Lets keep to a positive note.
Link Posted: 8/22/2004 3:14:17 PM EST
I gotta agree with Paul.

No military? What about people like me? I work for the DoD as a shipfitter at a Military shipyard, and make $12.50 an hour doing shit work, I have to pay more for my health insurance then I did when I was working for a private company, I get no special benifits, and I get treated like shit by the govt. more then I did when I didn't work for the DoD.

Why would others like me be excluded, when we are just working class guys like anybody else? We don't get access to special programs because my LES says 'Department of Defense' on it instead of 'Kroeger'(my former work).

I won't participate simply because I don't own a house, and I am not currently in debt,(only because my rental home burned and we used our insurance money to pay off our debt), but I don't see the reasoning behind excluding people like Paul(military) and myself(civvie WG wage scale DoD employee) simply because we get our paychecks from the govt.

Chris
Link Posted: 8/22/2004 3:16:14 PM EST

Originally Posted By TheCynic:
While I understand the frustration of
shelling out a ton of cash each month,
with this plan you are going to end up
spending 100K anyhow. This is like a
refinanced mortgage with none of the
benefits.

Plus, I'm not sure that I'd like to be
indebted to someone else for my home.





Look at it with an open mind....Would you like to pay for your house interest free at about 100 each month or keep your 500 to 1000 a month mortage?
Link Posted: 8/22/2004 3:19:35 PM EST

Originally Posted By Paul:

$100,000? What kind of cardboard crackerbox can you get for that?



most of the country isn't quite as outrageously priced as calif.
Link Posted: 8/22/2004 3:19:59 PM EST
Link Posted: 8/22/2004 3:20:05 PM EST

Originally Posted By Paul:

$100,000? What kind of cardboard crackerbox can you get for that?




My house is 1425 sq ft. in a decent neighborhood. It was $52k. Just because I can't afford a house in CA, doesn't mean I live in a crackerbox.....Paul.
Link Posted: 8/22/2004 3:20:26 PM EST

Originally Posted By Paul:
$100,000? What kind of cardboard crackerbox can you get for that?



He's in TN. For 100,000 it probably has it own lake.
Link Posted: 8/22/2004 3:21:45 PM EST

Originally Posted By Paul:
You're not allowing military?

$100,000? What kind of cardboard crackerbox can you get for that?

I have a thirty year mortgage and even as a government employee I've been paying it off at an eight year rate putting an additional $525 a month (whoopie!) down on the premium. Paying off a house isn't always a good financial move - it does make me feel good.



As I stated these are just made up numbers for now. If you have a 2.5 million mortage I and the group should refuse to help you. Its not really fair to the others that we will help paying off a lets say 40k mtg.

This idea isn't for everyone. There will be a lot of conflicts. Thats human nature. What I offered was a way to free up your income so you can spend it on American made stuff instead of the Chinese made junk thats robbing our society as a whole.
Link Posted: 8/22/2004 3:21:52 PM EST
Link Posted: 8/22/2004 3:24:54 PM EST
Link Posted: 8/22/2004 3:25:24 PM EST
[Last Edit: 8/22/2004 3:27:19 PM EST by 82ndAbn]
Link Posted: 8/22/2004 3:25:47 PM EST

Originally Posted By Rangie:

Originally Posted By Paul:
$100,000? What kind of cardboard crackerbox can you get for that?



He's in TN. For 100,000 it probably has it own lake.



This is true. TN is one of the cheapest places to live and buy a home. (has the best concealed carry laws too)

Link Posted: 8/22/2004 3:29:33 PM EST

Originally Posted By 82ndAbn:
Seriously, on paper the plan appears sound. But then again, so did Socialism. We all see how well our kind neighbors to the North and to the South are faring with those agendas.

This plan lacks total enforcement. You would end up with persons not fulfilling their obligations and others taking advantage of the total outcome and screwing the rest of the group.




This is true. Thats why I'm asking for a intelligent discussions to further my ideas. Maybe the idea of no GOV employees was harsh. I just feel they screw everything up they get involved in I didn't want any involvement in it.
Link Posted: 8/22/2004 3:32:41 PM EST
....does the term pyramid scheme ring any bells? ... anyone?
Link Posted: 8/22/2004 3:38:32 PM EST

Originally Posted By Orion_Shall_Rise:
....does the term pyramid scheme ring any bells? ... anyone?




Please further your ideas. It is like a pyramid the way that it pays out....first come first served but how can I be any fairer than that?
Link Posted: 8/22/2004 3:44:07 PM EST

Originally Posted By ARs4EVER:

Originally Posted By Orion_Shall_Rise:
....does the term pyramid scheme ring any bells? ... anyone?




Please further your ideas. It is like a pyramid the way that it pays out....first come first served but how can I be any fairer than that?



Two words: Ponzi Scheme
Link Posted: 8/22/2004 3:45:01 PM EST
[Last Edit: 8/22/2004 3:46:14 PM EST by Orion_Shall_Rise]
pyramid scheme
n.
A fraudulent money-making scheme in which people are recruited to make payments to others above them in a hierarchy while expecting to receive payments from people recruited below them. Eventually the number of new recruits fails to sustain the payment structure, and the scheme collapses with most people losing the money they paid in.
Link Posted: 8/22/2004 3:49:03 PM EST
Link Posted: 8/22/2004 3:49:51 PM EST
[Last Edit: 8/22/2004 3:49:51 PM EST by Paul]
4.) Posting comments in support of illegal activities.
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