The Miracle of the Trump Economy, Cont.

It’s a fixer-upper with potential.

The W$J reports 

“About one million homeowners have fallen through the safety net Congress set up … to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction.”

One million households is a lot more than one million people. It seems obvious, but worth noting.

“Homeowners with federally guaranteed mortgages can skip monthly payments for as long as a year without penalty and make them up later. Many people have instead fallen behind on their payments, digging themselves into a deepening financial hole through accumulated missed payments and late fees.”

This on-coming Trump Depression is going to be a merde-show. It’s already starting, and we are totally eff’ed in the dark.

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7 Responses to The Miracle of the Trump Economy, Cont.

  1. This on-coming Trump Depression is going to be a merde-show.

    Oh you just KNOW the GOP and the media is gonna blame it on Biden…remember, 9/11 was Clinton’s fault and the 2008 financial collapse was Obama’s

    Liked by 4 people

  2. sos says:

    It can’t be that bad, just ask my old neighbors … the Joads

    Liked by 1 person

  3. Dimitrios says:

    In the 20008 collapse, the banks turfed homeowners out of their homes willy-nilly. (In some cases, out of houses the bank did not even own.) Resulting in neighbourhoods filled with derelict homes, which became crack houses, teen rampage sites, and secret party sites.

    This time around perhaps the banks should smarten up and keep the owners in their homes, looking after it and keeping the riffraff from turning it into a derelict. Then, when the crisis passes, the banks can start getting their mortgage money again, knowing that they didn’t wreck the lives of a family for missing payments, when it was beyond their ability to pay, because it was against the law for the businessis where they raised their money to be open.

    And yeah, I know, expecting a bankster to have a heart is like expecting a hippo to fly, but that doesn’t make it wrong.

    Liked by 2 people

  4. Dimitrios says:

    Damn it! The 2008 collapse! The 20008 collapses were caused by over-speculation on the mines of Jupiter.

    Liked by 1 person

    • Sirius Lunacy says:

      If only that were true. the 20008 collapses were caused (once again) by greedy banksters grabbing everything they could while the grabbing was good. History repeats and the neoneoneoneoneocons still refuse to pass regulations to stop it.

      Like

  5. Dennis Cole says:

    So all the CARES pkg did, and whatever followed by EO, just deferred those monthly payments, and rolled them over into a BALLON payment, due when called? How the fuck does that help anybody? If I don’t have the Ameros now, coz I’ve been laid off (but not paid off,) and without any means of making those payments up later, I’d be inclined to torch my former house, once I’ve moved my family out.

    Like a probation officer once told me, “I don’t care if you’re living under a bridge, I just need to know which bridge it is. So I replied, “Well then, my new address is ‘Clearance 14ft 6in.’ “

    Like

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