Democrats buying votes is getting closer to biting all of us in the ass, IMO.
Starting with Willy Wanker, we had the sub-prime debacle. 2008 was when the shit really hit the fan.
The side effects killed the used car business, at least for me, and I started a new career securing abandoned/foreclosed homes. Turn off water, drain pipes, change locks, board up windows, and write reports along with many digital photographs. Many houses still had furniture and personal belongings that I sub-contracted to a couple who ran a second hand store to clean out. Not the most uplifting work but I had bills to pay.
A few years ago as a part time job, I became, legally, a debt collector. The essence of the job is to deliver the borrower a letter from the mortgage company encouraging them to pay attention to their delinquency. I take a few photos and submit a short report.
During the COVID nonsense the work was a trickle. Now it is a flood.
Last month I was paid for 30 jobs. Already this month I’ve been paid for 32 jobs, have 12 pending payment, and have six current assignments with just 1/3 of the month gone. (The payment schedule is convoluted so I’m doing averages here)
I’ve been forewarned by the dispatcher that, due to some HUD programs changing, much more work will be coming after the first of the year.
I do not seek out information, beyond a current phone number, from the people I contact. First, I don’t get paid to do it, and second, I don’t want to get embroiled.
During the 2008 crash, a common practice was for the mortgagee to start stashing cash and seeing how long they could live in the house without making payments. They recognized their credit was trashed so they went into a survival mode. I will guess that is happening again.
Most likely, these folks aren’t aware of some of the provisions of the 2010 Dodd-Frank Act which will allow banks to save themselves by seizing their customers accounts to include safe deposit boxes.
The last place I will ever have assets is with a commercial bank. Credit Unions are safer – different rules and less risky lending practices. Safer, of course, isn't safe.
The (P)regressives running the Democrat Party are making money out of thin air; buying votes. A Ponzi on an epic scale.
Many people more knowledgeable than me are warning of a complete financial meltdown. I fear the warnings are correct. How bad will it be?
As always, YMMV
For anyone wandering by from the Sequin, Texas area a cousin is running for the school board. Solid man, retired Master Chief whose career didn't have soft jobs. Please check him out.
