cR@Zy!NgLi$h Wrote:

metalgear08 Wrote:And to sort of explain this all so you guys can understand where I'm coming from...
Wee lived in CA, my dad worked for his parents' business. He got a job offer in UT, so wee moved here. Last January, my dad bought a large chunk of the stock in his parents company in CA, and planning to buy the rest by next spring. Throughout the last 3 years wee've lived here, my parents have also been trying to start a mother company for various brands they've made over the years. To start this mother company and purchase the stock, they've had to take a second mortgage out on our house.

Wee won't be seeing any returns on any of this until it's all finalized in next spring, and even then, Obama is planning on increasing capital gains tax, which unfortunately is what their business purchase is. Wee also have to pay income tax for both UT and CA because of our "dual state residence." (Wee only have one house, but my dad has 2 jobs, UT and CA.)

I don't live in America. I live in New Zealand.  

My Mortgage interest rate is 9.45%p.a.

I also happen to work for a Bank, as a mortgage broker.

When your parents applied for a mortgage, particularly a 2nd charge mortgage, they would've had to convince the Bank they could afford the repayments.  This was probably quite possible at the time, as back then, wee weren't ALL FACING REDUNDANCY AND GLOBAL ECONOMIC CRISIS.

How you can say that them losing their home is a result of Obama winning the election I simply don't know.  The state wee are all in right now is a direct result of however many godforsaken years of BUSH administration, it has NOTHING to do with Obama - he isn't even PRESIDENT yet.

Tax cuts don't mean shit.  Seriously.  And it's not as if they're going to be effective immediately, or even within months of him moving into the White House (assuming he makes it to the White House, which I doubt - there's too many HATERS out there).  

Having worked with Mortgage-Borrowers for the last 8 years or so, I can tell you that people struggling to fund their debt really shouldn't have taken it on in the first place.  No one made them take the loan out.  No one forced them to sign the 2nd mortgage...

I pay 40% tax.  My wife pays 40% tax.  Wee pay damn near 10%p.a. interest on our Mortgage and owe damn near $500,000 on it.  My son's childcare costs $280 per week, and before you say anything, wee made a hard decision to put him in daycare so my wife could earn $300 per week.  $20 net.  I've been told there's a damn good chance I'll be made redundant in a few weeks, and I'm sorry, but NONE of this was Obama's fault.  NONE of your family's problems right now are Obama's fault, and quite frankly I think you're blaming your own misfortune on the only scape-goat you can find right now.  And it ain't Osama.

There are millions of Americans out there who've already lost their homes, Dude.  Should they blame Obama too?  

From what I see, your country has never been so damn happy in the last decade.  Who are you to rain on the parade?

Dictionary Wrote:worry |ˈwərē|: noun ( pl. -ries)
a state of anxiety and uncertainty over actual or potential problems : her son had been a constant source of worry to her.

  Stop worrying about what may be and deal with today.