Quote:
Originally Posted by DJ's left nut
If shit hits the fan, the mortgage (and rent) can wait.
Because if your landlord contacts the sheriff to toss you out, the sheriff is gonna tell him to **** off. Moreover, most courts are closed anyway so how's your landlord going to get the eviction order anyway?
And banks don't want to be in the business of real-estate. If you miss this month's mortgage, they AIN'T gonna foreclose. Not if 1/2 the country is defaulting. Hell, aren't most mortgages held by Fanny and Freddy these days anyway? The fed most assuredly isn't calling them due...
That's why some of these concerns are overblown - the real practical impact will be minimal. Worrying about "how are people gonna make their rent!!?!" is missing the mark. The real worry is "how are people gonna have jobs to go back to in 90 days?"
This plan is missing the problem completely.
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This is an intelligent post from an intelligent Planeteer.
Mr. DJ's left nut is right to compare this situation to war. When we were "really" at war (not counting "military actions", but real, actual, honest-to-goodness, declared war), the country rallied. Let's think WWII ...
Citizens sacrificed time and material goods and comfort. Celebrities raised morale and hope. Women worked their asses off making airplanes and bombs and tires. Prices and wages were temporarily controlled. Fuel was rationed and driving was curtailed. Nursing became an attractive occupation.
I could go on and on.
Although I don't expect all those things to happen quickly (or probably ever), some of them will.
What didn't happen was that few people sabotaged others for sheer, brazen profit. The stock market was extremely volatile (as could be well expected), but price gouging wasn't "normal" or acceptable and those that attempted it were treated harshly. Landlords and lenders held a lot of paper during that time because the alternative was worse for everyone and they recognized that fact. In summary, we could expect rational people to behave rationally.
My hope is that sanity will prevail and we get our sh*t together for the common good.
PS: If our fabulously talented mods feel this post is overly "political", let me know and I'll happily delete.
FAX