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11-11-2006, 08:44 PM #11
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Originally Posted by StokeyBob
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11-11-2006, 08:49 PM #12
I really can't argue with you on that point.
We sure seem to have ourselves in a fix.
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11-11-2006, 10:03 PM #13
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Here in US the credit is a very important part of every American citizen, if you don't have credit you don't exist.
As you know, I was born in Brazil, and there as the interess are like 15%, 20% a month, everibody try not to use the financial market.
So if you want to buy a house, you have to save money in order to buy.
Even cars or other goods, the most people finance , is 1 or 2 years.
Once because with inflation nobody will finance and the Banks charge too much .
When you have financed houses there' is the goverment who finances.
Here they taugh the people to buy, consume, and keep in debt, so nobody owns anything, and depends on the banks, credit cards, equity lines...
It's known everywhere that the American garbage is the richest of the world.
It's hard to change, but I think this was also a way to bring to this point.
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11-11-2006, 10:28 PM #14
Hi minnie,
I'll bet a house there still cost what a house cost and not some inflated amount created by people willing to out borrow the next guy.
P.S. We did the same thing with the stock market here once.
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11-11-2006, 11:10 PM #15
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Yea, the house market goes with the offer, if they build too much it falls, if not it keeps its value.
The corruption there is big, but as the people is not so in debt with the banks they manage to have their houses.
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11-12-2006, 01:19 AM #16
This business of how conditioned we are to being high in debt must have been created by those in power as Crocket tries to get through our heads.
My grandfather inherited his farm and never owned a credit card in his life. He passed away 1998 so we're not talking that long ago. He felt if you couldn't afford something you saved until you could buy it. That was the old sensible way. AND his mother, an immigrant from Norway, would go to the bank just to count her money. Imagine that? That would have been sometime in the 50's. Wish I knew the details of those visits, like how the bank pacified her.
I've heard talk of how the farmers, like my grandfather, are dying out. Too hard to make a decent living. Farmland is being bought by big business or home developers. I think it is very sad what's happened to the American farmer.
So today to buy a home we take out huge loans, to buy a car(s) more loans, students get loans for education plus we're sent offers for credit cards to the point it's annoying. We're suppose to get into debt up to our eyeballs. That now seems to be the American way nowadays and it's not right.Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
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11-12-2006, 01:33 AM #17
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Originally Posted by jean
Durbin pushes voting rights for illegal aliens without public...
04-25-2024, 09:10 PM in Non-Citizen & illegal migrant voters