by neilgin1 » Sat Jul 30, 2011 9:41 am
i'm still procrastinating, coz i love the discussions on this forum. (better than hauling garbage, which i WILL do in a sec...okay mom!)
i just read thru this whole thread and just BREAKS my heart...truly does.
i see Barry's stand, and i concur in the message, thats why all my years on the trading floor, i never stole or engaged in any of the vileness inherent in that world. after that i was a "free lancer", therefore i could never predict my income stream, and never bought property, always rented. Oct of 10, i got blessed, and was able to know exactly my income, and THEN i went to the Credit Union up here, when i found my Land, and we configured an IN-HOUSE 10 year note fixed at 5.5%, put 20% down, and there i be. The Credit Union here is different, my loan officer is a friend, she's like a neat older sister to me, her boss is a friend of mine. When you walk into the five branches of CU up here, it "feels" different...its real people, and we all "own" it, besides you have high corn, bean, and dairy prices, and that money comes into the CU. The loan they gave me has not been or will be, commodtized and sold off. These buildings up here, the woods, the tillable will NEVER be sold, God willing...my boy and his mother know its their inheritance...i told him this, this is your inheritance, so that i can rest easy, knowing you will NEVER be homeless, this Land was bought by my blood and toil...now i understand how ancient Israel was so ardent for the Land, God gave it to them.
this thread breaks my heart, coz i see how so many good people, got pulled into the RE trade, and now a lot of folk are getting hurt,and that breaks my heart.
i also can understand Idaho's dilema, and i do believe, Barry, that he is a man of integrity, after reading many of his posts. i dont believe he would even contemplate such, if his back, his very survival was pushed agaisnt the wall. Some guys aint built to be victims, and it seems to me he is not one of them, a "victim". My feeling is, if Idaho thought he could REASON with the bankers, and reconfigure a do able solution,. he would....but some of the banks and bankers have proven to be so uncaring, so greedy, so myopic, it would be an exercise in futility to reason with them...BECAUSE THEY JUST DONT CARE...thats what its come down to, all of it, leadership, all the institutions we were taught to respect, have proven themselves, UNWORTHY of such respect, by their actions. Its like the Book of Judges, "every man saw to do as he saw fit" (i'm parapharsing, correct me if i'm wrong)...and thats a tragic place to be.
i believe with my whole heart, that Idaho will do what he feels is right, guided by What is right, Who is right...we just got to pray for one another during these most difficult times, we are being refined now by fire, and we'll come out stronger, God willing....thats the Belief i hang onto. May God bless you ALL, neil