Showing posts with label mortgages. Show all posts
Showing posts with label mortgages. Show all posts

Sunday, July 11, 2010

Sign of the times...

An interesting story about an Ann Arbor couple who were evicted due to their landlord's failure to pay co-op association fees was posted on Ann Arbor.com today. This is one of the reasons that these property owner's association are such a bitch. The couple who are the subject of the AA.com story were only renting from the owner of the townhouse but their predicament got me thinking.

In modern America a person does not truly ever own their own home even if they owe no mortgage on it because it can still be foreclosed on for unpaid taxes and it seems unpaid association fees as well. In America you are permanently a wage slave no matter what; pay a bill and you "owe" it again next year. So you in fact only own your own home if you can keep feeding the beasts (governments & POAs) that have legal claims against it. You just have to love the American establishment's notion of an Ownership Society, eh?

Thursday, February 4, 2010

weblog

Teens think blogging is lame. Twitter too. - Ars Technica
Walking Away from Underwater Mortgages Is Good for the Economy - Beat The Press blog
"If millions of homeowners made this decision it could lead to tens of billions of dollars in additional consumption, providing a substantial boost to the economy. The decision of homeowners to walk away might be bad news for banks, but it is good news for the economy."
"Right to Work" really means "Right to Work... for less" - Ron Gettlefinger (Detroit News)
Ayn Rand: Nuts in theory, nuts in practice. A book review of her latest biography. - New Criterion
The Catastrophe of Postmodernism - John Zerzan (Anarchist Library)
The Thong Is Dead!- Cosmopolitan
The new trend is toward designs that don't give you a permanent wedgie.