“Boomerang Buyers” Should Just Say “No”
So the economy is supposedly waiting with baited breath for the
“boomerangs”.
“Boomerangs?” you ask.
Well, the official term is “Boomerang Buyers”, but you may remember
them when they were simply “The Forsaken”.
You know all of those millions of hard-working Americans that lost
their homes through the criminal manipulations of those “Too Big to Fail”
banks? Well, it’s been seven years since
the first wave of those foreclosed homeowners were unceremoniously kicked to
the curb. Hard to believe it’s been
seven years, but it’s true.
And now the credit slate is starting to be wiped clean for them, giving
them a new opportunity to try, try, try again.
The timing certainly couldn’t be any better. Despite the optimism heard in the media, the
economy has been struggling to keep moving.
Big Corporate is firing off layoffs, retail stores are shutting down,
gas prices and oil prices have been taking a nose-dive, and the 99% of the
populace are doing everything they can just to tread water, and even that’s a
losing struggle.
So, yeah, the reports of a new batch of “boomerang buyers” looking to
get back into the housing market is a needed shot-in-the-arm for the economic
world.
And yet, I really hope that these “boomerang buyers” don’t do it.
That’s right, you heard me. I
really don’t want these “boomerang buyers” – the people that were foreclosed
upon seven years ago – to go back into the market for a house.
First of all, here’s a little economic reality: every time there is an
economic downturn, the average American – in other words the 99% that have to
work for a living and cannot afford to have K-Street and C-Street lobbyists on
speed-dial – ends up with even less available money than they had before the downturn. People that were laid off do not get new jobs
that pay the same or even more than their previous jobs. They get less. That’s less income. Less available money to spend. And most people have had to tap into savings,
and hope they still had a 401K after the “Too Big to Fail” banks and the rest
of the Wall Street criminals screwed everyone over.
Unless you won the lottery during that time, or became a social media
sensation, you just don’t have the same amount of money that you did before
getting foreclosed upon. So… how are you
going to afford a new home?
Remember how many of those Forsaken Americans lost their homes in the
first place? They were talked into
getting subprime mortgages with ballooning rates that priced them right into
foreclosure. Are you really that dumb
that you’ll make the same mistake twice?
The banks and the realtors certainly hope that you are! They’re betting the economy that you’ll be as
smart as a box of rocks just so they can make even more money off you!
Of course not all of the Forsaken Americans lost their homes because of
ballooning interest payments and slight-of-hand trickery by criminal
bankers. Some of them lost their homes
through no fault of their own. Because
banks shuffled around the loans like they were trading cards, passing them from
lender to lender, and if a payment was lost in the shuffle, then too bad. Now, if you were one of those Forsaken
Americans that were victimized by this particular screwjob, why the hell would
you want to roll the dice again? What
stops the lenders from doing it to you all over again?
That’s probably the biggest reason why nobody should ever trust these
criminal bankers ever again. Because
let’s get brutally honest here… the only thing that changed with them is the
calendar date! The only lessons that
they “learned” is that they can get away with their criminal activities if they
just give the federal government some mealy-mouthed promises and some
pocket-change for a fine.
And what did the Forsaken Americans get while the banks got bailed
out? The Forsaken Americans, the
hard-working Americans that got screwed over by the criminal bankers, got
written off as being “deadbeats” and “losers” and ridiculed
live on CNBC as they were being kicked to the curb and their stuff thrown
out into the middle of the street. They
were literally forsaken by the institutions – public and private – that fraudulently
“claimed” to be on our side!
These are the people that the banks and the realtors are starting to
come back to and saying “It’s been seven years; all is forgiven. Let’s get you in a house again!”
And I really wish the Forsaken Americans, those supposed soon-to-be
“Boomerang Buyers”, would turn to those criminal bankers and slap them all in
their smug faces and spit on those offers.
It is the absolute least that they deserve for the crap that they pulled
on the rest of the nation!
I know that there were many factors involved with the Great Recession,
but the subprime mortgage scam was the lynchpin for the whole fiscal house of
cards. And that only came about because
of a blatantly-manufactured “need” to put people in homes at all costs. Just make more homes and put people in
them. Everyone “needed” to own a home! Funny how that “need” immediately evaporated
when the banks decided to go on a foreclosure fetish.
Look, I’m not saying that people should stop buying houses. I’m saying that if you can’t afford to, then
don’t.
Say “no” to the criminal banks and their promises to “find a way”. Say “no” to the tax preparer that tries to
convince you that you “need” to buy a house just so they can add that to your
tax form next year, or the nosy neighbor that thinks that getting a pay raise
means you “need” a new home. Say “no” to
the goddamned script that convinces us that our economic survival rests in how
many homes are built and sold.
The hard-working Americans that have been forsaken by both the criminal
banks and our incompetent government have had seven years to figure out how to
survive without owning a home and being owned by a mortgage. They’ve seen how the goddamned script is a
lie. It’s high time that the rest of the
country figure that out as well.
“Boomerang Buyers”? Just another
word for a damned fool.
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