If you are buying a house and can get out of the deal without losing $$,

[havocmom]

get out of the deal! Let your realtor, bankers, title company, building inspectors, termite inspectors, moving van folks know why they won't be collecting any fees/income from you. Tell them that since the SCOTUS has decided that private property rights mean nothing in America anymore, you see no point is buying a home and supporting their financial interests.

The only way to fight corporations is with other corporations. Pit them against each other.

Yeah, I know, those big banks make big buck$ with the big developer$, but if enough of the people in those industries see their gravy train derailed by this Fascist ruling, they might make life hell for Congress Critters and light some fires.

If you won't take a big financial hit - STOP THAT PURCHASE and tell EVERYBODY why you are doing it.

Then, get seriously active with local politics and make sure some good guys are getting positions where people's homes might be saved.

The neocons have been getting the ducks in line for decades for the shit that is going down. We have a lot of catching up to do and we best address the fact that the ultra-rich declared war on the rest of us a long time ago.

Dean can't scream loud enough to offend me now! Fuck any DINOs. Tell Biden he blew it on Bankrupcy and he has to work his ass off if he wants us to even be nice to him. Tell Holy Joe to shove it. They fight for the people or we leave them along side the road on their own.

Are you a slave or a citizen?

[matcom]

1. um, no thanks

i'll continue to pay my mortgage rather than lose $$ every month on rent thanks.

real estate is still the best investment going

[the other one]

2. Dream on.

Reminds me of the crap I use to hear about the stock market a few years back. When the housing market finally turns down, homeowners will be stock with mortgages they can't afford, houses they can't sell, and skyrocketing property taxes which will be levied to make up for shrinking tax base because the high-paying jobs which are leaving the country. I would hate to have 400k mortgage on a house that is only worth 300k.

[DFWdem]

7. Huh?

The only homeowners that will be stuck with mortgages they can't afford will be the people who got interest-only loans or short-term ARMs, and most of these loans were done in highly speculative markets like Vegas, Phoenix, Florida, & California. If you have a fixed rate mortgage your housing costs won't go up regardless of what happens to the real estate market. Plus, if you don't sell you don't realize any loss, same as stocks. In addition, "skyrocketing" property taxes will add at most $200 a month to the average middle class homeowner's tax bill. Property taxes on a $200,000 home run about $1500 - $2000 in most areas of the country, so even if they double you're tlaking about a couple hundred bucks a month at the most. A $400k mortgage on a $300k house is only bad if you need to sell. If you plan on being there a while and can ride out the cycle of the real estate boom-bust periods you won't be affected.

[havocmom]

3. No, not if yo already have a home and mortgage- If you are making a new

purchase. Get the folks in the housing industry to fight this damned thing.

Real estate is NOT forever. I sed to say that due to acts of nature coming along and moving things we thought were permanent. Now it is more true due to the SCOTUS ruling. IF somebody richer than you wants it, it is theirs. Can't imagine they will settle top dollar on your head, then there's the matter of you having to spend money to find new digs.

And how about working to protect the paid off homes of our elderly?

Only way to fight business interests is with other business interests. Bleed 'em and make them fight.

If the locals get $$ to condemn your best investment, you will take what is offered, not what it is really worth.

Want some KY to go with that best investment?

[cthrumatrix]

4. what is the ruling/news you are talking about?

[bullimiami]

5. they can force you to sell it to them. they still dont get to just take it

i think it seems a crap ruling on its face but i havent read the details yet.

im suspicious that justices who usually are motivated by the letter of the law would have ruled otherwise.

[havocmom]

6. when FORCED to sell, how do you get the best price?

And what about the folks who worked hard, paid off the mrotgage so they could be secure in their old age living on a fixed income? This forces them back into being a consummer/debtor when they have to get different housing.

I guess old folks who live frugally and are not conspicious consummers at Walmart are just not dying fast enough to suit the high rollers in land developement.

THIS IS A TRAVESTY. Easy for developers to by off small fish local pols to get any property they want to buy and develope even when it belongs to somebody else.

This is the ultra rich crapping on the middle class. This is proof that America is dead.