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This maybe an Artificial Intelligence Presentation, but some of the homeowner problems that happen when debt is out of control is covered in this presentation.
Posted from youtu.be
Posted in these groups:
EconomyUnited States Department of the Treasury: Bureau of Public Debt
Mortgage
Banking
Real Estate
EconomyUnited States Department of the Treasury: Bureau of Public Debt
Mortgage
Banking
Real Estate
Posted 18 d ago
Responses: 4
Posted 18 d ago
They sure are correct about the increase in just about everything ! Corporate and even Government greed is out of control. I look at property taxes and they more than doubled Insurance rates, both property and Life insurance as well as vehicle keep going up despite no claims. (except on auto insurance) Mortgage paid off now home equity become mortgages and rate doubled based on increase on new property value and most likely will NEVER be paid off completely. Just try to eat and cost of food rose a good 60 to 70 % . Home heating oil, electricity cost keep going up. runaway inflation. These crooks are robbing each and everyone of us and We get less and less while they have their hands in our pockets. it seems the difference between these criminals and the old loan sharks is these corporate and government thieves at least don't break You legs, not yet anyway !
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PO3 Phyllis Maynard
18 d
SMSgt Lawrence McCarter this is absolutely the truth. It seems the only was money can be made by these entities is to get gouging up taxes so that paid off homes are never free and clear. Those of us who work, acquire things, pay them off, and retire are targeted because we now have true asset gain, so again make the 1% pay , to cover what non-owners do not have-------everything to lose. And yes, the new syndicate does not break legs, just your earned retired security.
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Posted 17 d ago
Greetings PO3 Phyllis Maynard. Excellent post. Thanks for sharing this Shipmate. :->
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Posted 17 d ago
Indeed, and here in Vermont, their answer to budget shortfalls seems to be more programs with more fees and more taxes. We were forced to take out a reverse mortgage after the COVID debacle forced me out of business and into retirement. So far we've only had to dip into it for a few thousand plus the escarole account for insurance and taxes.
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PO3 Phyllis Maynard
17 d
PO1 Kevin Dougherty I had to dip into my future "old lady" account because the rising debt created a $1500 short fall in my escrow, that was funded for the expected taxes.
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