Saturday, February 21, 2009

Queens homeowner hoping for a bailout

From the NY Post:

"I started having problems one year ago," Khoda recalled. "Sometimes, the tenant wouldn't pay his rent. Then I had a lot of repairs and renovations to the home."

Then the economy tanked. "Business went down about 50 percent," he said.

After he paid the rent for his store, there was nothing left to cover the mortgage - so he stopped paying it about a year ago. He tried and failed to sell the home.

Khoda is hoping that he will qualify for Obama's plan to allow some struggling homeowners to refinance their loans, potentially saving hundreds of dollars a month.

Obama's plan, he said, "gives us some hope."

58 comments:

Maspethian said...

Did the tenant get a bailout? Neither should.

Maspethian said...

Along the lines of my last comment, why would someone who bought investment property be entitled to a bailout? Most people who put their money in a 401-k have been screwed. No bailout. Many who invested directly in the stock market have lost out. No bailout. Many who tried to start a small business lost out. I could go on and on.

Somehow, buying a house is sacrosanct, whether or not it is affordable. Whether or not it is for a quick flip. Whether or not it is an investment property.

The Feds want to prop up the very thing which got us into this mess.

Bail out the fail out. TARP, stimulus, it all the same BS.

georgetheatheist said...

Why does government give tax breaks to real estate owners? I'll tell you why. So that they are lobotomized into not instigating revolution.

You can't live in a 401K or an IRA.

Anonymous said...

Foreclosed properties can raise holy h*ll with community real estate values, personal safety and crime.

We do not need our communities littered with abandoned crack houses and soaring tax rolls for the few left to pay.

This is the fall-out caused by bankers who give loans to anyone who can breathe and the birth of exotic instruments--option Arms anyone?

When the craziness was going on, I personally received solicitations for loans with 1% interest rates (6% APR in the fine print, with various unintelligible opportunities to escalate the payment.)

I know that knuckleheads should not buy and we are all rightly counseled to get a lawyer, but since when did banking become a license to steal? Who could figure out what their monthly payments are on a loan based on x number of points above LIBOR.

What the h*ll is LIBOR? and in what paper is this number published. I am sure all Queens-based blue collor borrowers are daily reading the London papers for the latest in International lending.

Many old Depression based laws need to be re-instituted to shore up the system and guarantee this never happens again.

georgetheatheist said...

"This is the fall-out caused by bankers..."

Uh-uh. This is the fall-out caused by tweeding liberal Democrats (such as Clinton HUD Secretary Andrew Cuomo, now NYS AG) who encouraged the "ownership society" in the late '90's. The bankers went along for the ride.

They opened the floodgates. Because of them, we are all drowning.

Taxpayer said...

"What the h*ll is LIBOR? and in what paper is this number published. I am sure all Queens-based blue collor borrowers are daily reading the London papers for the latest in International lending."

Don't know what LIBOR means?

That's why homebuyers are indeed counseled to have a lawyer for the purchase.

He's the only one in the room at closing who can be disbarred and sued for failing to advise and protect the buyer from a bad deal.

Don't know what LIBOR means? Then what the hell are you doing risking you future to save on attorney fees? Now reply that all attorneys are thieving liars. That's really, real smart!

Anonymous said...

I'm going to stop paying my rent and tell my landlord to go ask for bailout money.

F*uck anyone that got themselves in over their head.

Russell said...

WHERE IS MY F@#$%^& BAILOUT! I am out of work and my wife and I are still paying the mortgage! KISS MY FRIGGIN ASS!

Chris said...

The NY Times recently published an article showing that, of the mortgages expected to go red, the overwhelming majority were for commercial real estate (i.e. multi-family investment properties, industrial/manufacturing, retail). I believe it was in the range of 80%. Owner-occupied 1 and 2 families stood at less than 5%.
I wonder if the foreclosure relief may go towards investment grade properties, rather than to individual houses. And I wonder if Peter Cooper-Stuy-Town is going to get a hand-out.

-Joe said...

WHERE IS MY F@#$%^& BAILOUT! I am out of work and my wife and I are still paying.

***************************

I hear ya, I'm retired at 45. I lived cheap and responsable for years to pay off my mortgages on 2 houses so my kid can go to a good school in Southold.
Im a single parent who never took a dime of handouts.

I was paying my bills with interest on CD's and some other publishing I get quarterly.
Now the interest rates are near Zero and I have to work or dig into my bank account to pay my bills.

Its so fu*king wrong. Follow the money to find I'm paying for BOTH the tweeds as well as the Wall street pigs down the street.

They lived high on the hog and are now defauling.
Most have 6+ bathrooms new SUV's and a Benz's.
(Manhasset)

Im driving a 91 GMC Jimmy with 300K miles, an old boat and a couple classic cars as investments.

I received NOTHING for behaving good !
UNITED STATES BORDILLO !

-Joe

-Joe said...

"F*uck anyone that got themselves in over their head"
************************

Thats the way it should be !
Rewarding bad behavior with taxpayer cash is insane.

Hate to say it but the only way out is to let all the banks go under taking all the CEO, suits & bad debt with them and start new.
Thats how the Swiss got out of the same hole.

georgetheatheist said...

Who is John Galt?

Joe et al.

"For the New Intellectual", the answer is at: www.aynrand.org

Anonymous said...

"He's the only one in the room at closing who can be disbarred and sued for failing to advise and protect the buyer from a bad deal."

That must be a joke. How many attorneys have beeen sued or disbarred for failing to properly explain the LIBOR index? Answer: None. Ever.

Anonymous said...

I know exactly what LIBOR means-- London Interbank Offered Rate. Now tell me how knowing this will let you know what LIBOR will be on a given day 5 years hence.

Anonymous said...

Tenant didn't pay rent?
did this landlord declare the income to the NY State Dept of Taxation or the IRs or let's see NYC Dept of Finance? no it was all non taxable income.

Why are illegal immigrants buying up property so quickly in Queens?
How many American citizens born here can afford to pay real property? that should be what the article is about.

Taxpayer said...

Anonymous said:
""He's the only one in the room at closing who can be disbarred and sued for failing to advise and protect the buyer from a bad deal."

That must be a joke. How many attorneys have beeen sued or disbarred for failing to properly explain the LIBOR index? Answer: None. Ever."

You already checked all the records throughout all the states? Wo. You are quite the capable researcher.

In any event, my comment had to do with being protected (even from your own self) when risking your future with a purchase that size.

Oh, yeah, nearly forty years ago, in another state, I had my real-estate attorney disbarred for failing to advise me that the property I purchased had a large portion taken by a neighbor to expand his driveway. The surveyors had marked the incursion on the property map. I didn't know what the dashed lines meant. The now-disbarred attorney did. He failed to advise and protect me. I nailed him after about 3 years when another long-time neighbor told me about the incursion and wondered why my attorney had failed to do so.

Who cares what LIBOR means? All property transfers have all sorts of potential complications: tax and mechanics liens, claims on ownership by long forgotten relatives, judgments, arcane laws regarding the validity of use of the property for a residence, zoning violations, and on and on, without ever getting to the tricky language of the mortgage.

In my current home, at closing, it turned out that the seller owed a trivial sum to his employer's credit union, and my bank was about to cancel closing until the seller could demonstrate, with legal documents, that the minor loan (totally disassociated from the property he was selling), was now entirely paid.

It took the poor man two hours, but, he did so.

My bank wanted to protect itself by getting legal papers (from attorneys who could be disbarred) demonstrating that the property was free and clear of any debt, and could be sold.

It was annoying, but we were all happy.

Note that the "predatory" lender protected me when it was protecting it's own interests.

Anonymous said...

I know exactly what LIBOR means-- London Interbank Offered Rate. Now tell me how knowing this will let you know what LIBOR will be on a given day 5 years hence.

-----

It doesn't, but there are two potential posibilities. 1) it can go down; 2) it can go up. Do you understand what either scenario means to your loans? Did you ask the question?

If not you have no business borrowing, and no one is going to save you from your own stupidity.

Anonymous said...

No one can save us from our own stupidity, but the taxpayers of America will save the bankers from their venality and idiocy. Heads they win, tails they win.

We are being blackmailed into paying the financial industry huge amounts of money to avoid a total meltdown that will take all of our bank accounts.

As far as renters vs. homeowners. I have renter friends who are being thrown out into the street because of this mess. No one is safe, no matter how wise, how careful. It is time for heads to roll.

Anonymous said...

The first head to roll must be that of Andrew Cuomo.

Anonymous said...

Hey everyone - loan modification - yes. All that is - is a change in interest rates. Otherwise if still can't swing the payment - then out you go period. Just make sure this is your home that you live in & not some condo in Miami that you got stuck with while late to flipping 800k highrise condos.

If you think your going to get money to make your payments or make up for payments not made and are in over your head because your SRO tenants are paying for their bed space, then you can take a hike and give the place back to the bank.

Anonymous said...

Keep hoping, Mohammed. You don't qualify for the mortgage bailout as currently proposed.

Mortgages above a threshold -- $417,000 for single-family homes in most areas and $729,750 in higher-priced regions, and those homeowners whose outstanding mortgage debt exceeds 105% of their current home value DON'T QUALIFY. Read the NYP article comments; this financial genius is mortgaged to the hilt and then some.

Also, how much of that this joker's income does anyone think is actually reported? If he can't document he can afford the monthly payment even with modified rates, he'll still end up out on his ass. Illegals and other tax cheats will get burned in this deal.

Does anyone honestly believe that the Dems will come down with a plan(bankruptcy reform, bailout, etc.) that allows a homeowner that owes over $800,000 to let him keep his house? BTW, no Texas-style unlimited homestead exemption in bankruptcy here in NY.

Get real, folks. A lot of people who made the bad financial decisions will end up on the street, bailout or no. Granted, a few hustlers on the margin will get one over, and leave people like me and others who played by the rules gnashing our teeth. Still, I'd be more concerned about the blight that will be created when these foreclosures turn neighborhoods and their commercial strips into ghost towns. If the bailout softens this blow to my property values, I can deal with the unfairness of it all.

italian girl said...

Joe
Just curious. Are there a lot of people in Manhasset in trouble right now? There's gotta be a lot of Wall Streeters in that area.

Taxpayer said...

A house foreclosed is a house for sale. Presumably at the lower price.

Most banks want that property off the books pronto, so will pretty much settle for any reasonable offer.

So, picture a relatively young family, with income and a work history, who saved for a new home, finally fulfilling their dream.

Who cares about the former owner who believed that he/she was somehow "naturally" entitled to a home that was unaffordable?

I couldn't care less about anybody who elbows out the legitimate prospects by lying about income, work history, or by using ACORN mau-mau tactics to get into a home at taxpayers' expense. Let them go shit in their hat.

italian girl said...

Taxpayer:

I don't feel bad for those people that you're speaking of. But I do feel bad for the people that are hard-working people and bought these homes for WAY more than they were worth. They needed to borrow a lot more than people did 10 years ago for the same home. And I also think everyone was scared that if they kept waiting the home prices would keep climbing with no end in sight.

Anonymous said...

The people of the USA (along with the rest of the industrialized world powers) is going to have to learn to lower their expectations to a much more realistic level .

Food clothing and shelter are basic needs not four I-pods and three cars per family or
fencing and ballet lessons for the kiddies, etc.

Isn't greed (or gluttony) one of the seven deadly sins?

As Bob Dylan once sang out,
"You can't always get what you want...but if you try real hard, you might get what you need"!

Taxpayer said...

Italian Girl said:
"But I do feel bad for the people that are hard-working people and bought these homes for WAY more than they were worth. They needed to borrow a lot more than people did 10 years ago for the same home. And I also think everyone was scared that if they kept waiting the home prices would keep climbing with no end in sight."

When did these poor people learn that the house they purchased was overpriced?

If before purchasing, did they not know how to bargain?

If after purchasing, and if that meant trouble, they should have put the house up for sale. If no trouble, why pity them?

Upon purchasing a house, sensible people purchase mortgage insurance that will cover the payments in the event of illness, accident, sometimes even income loss, etc. Only a moron would refuse to purchase this insurance, so when people say that they got ill and failed to make payments, it actually IS their own fault for not foreseeing the realistic possibility of getting ill.

That's even one more reason to have a real estate attorney guide the purchaser through the process.

There is absolutely nothing in the Constitution or the law that provides that anyone who wants a house should automatically get one, or clothes, for that matter.

Certainly nothing requires that I help others have the things they want (or even need).

Personal responsibility. Many learned the value of work and a dollar from the Great Depression.

Work, earn, save, purchase.

The entitlement elites believe: sleep in, apply for welfare (even better if someone else takes care of even that detail), live large on the public teat, then whine and complain endlessly that everyone owes you more.

italian girl said...

"When did these poor people learn that the house they purchased was overpriced?"

Probably within the last year. Especially after the banks imploded.

"If before purchasing, did they not know how to bargain?"

There was no bargaining. It was a seller's market. Homes sold even for above asking price. I bought my house for above the asking price. The sellers were GREEDY, everywhere. And Whitestone still commands high prices.

"There is absolutely nothing in the Constitution or the law that provides that anyone who wants a house should automatically get one, or clothes, for that matter"

That's why the banks should never have allowed this to begin in the first place. You can blame Clinton, ACORN, Bush, Republicans, whoever you like. But ultimately it was the banks who should have seen this coming. People will ALWAYS be stupid and/or greedy.

"Work, earn, save, purchase."

That's a good philosophy but an antiquated one. Younger people today want EVERYTHING and don't want to wait 15 years to get it.

Anonymous said...

I agree 100% with Italian girl, but put it even more strongly. We are in the first stages of a possible depression now and for the same reasons that last one hit--massive fraud, over-leveraging and lax regulation.

Heads have to roll. Character has to return to America, and we have to lick our wounds and slowly pick ourselves up. We must restore laws that worked to protect our country, and we must discourage predatory personalities and wickedness. It is time to put America first and stop the selfishness.

-Joe said...

Joe
Just curious. Are there a lot of people in Manhasset in trouble right now?
**************************

Yep, the Wall streeters really have it up the wazoo no. They really lived far FAR beyond their means.

1-You have the types who took out HUGE loans to McMansion there homes and buy their vile soccer mom wives $50,000 SUVs.
(I love watching Benzi and Lexie kill each other over parking spaces outside the nail salon)

2- You have the wall streeters that baught 2 million dollar houses on $200K salarys, BMW's that are now out of work.

3-Now you have the Asians,Pakis and Iranian Jewish from North Shore Hospital swarming and knocking on doors like buzzards.
(they get a very special greeting from me)

People started cutting their own lawns as far back as August.
Now all the Central Americans are out of work in Manorhaven, and have turned to robbing the propertys and cars they worked near.

The resteraunts on Plandome road are empty. One is a new Wahchovia bank now. (Its closed)

--not good.
I need to get out ASAP, dont want to even look at these new people or what they are gonna do.
Im gonna take 100K loss on the house but its better then 200K if I wait more

georgetheatheist said...

Italian "girl" said: "that's why the banks should never have allowed this to begin in the first place..."

Are you kidding? If the banks did not make these loans, they would have had Al $harpton and Khalid Mohammed and their rent-a-mob cronies picketing and crying racism.

I'll say it again, the villains are the LIBERAL politicians with their smug supercilious attitudes. As plain as the nose on your face.
(e.g. Andrew Cuomo and his ilk.)

www.aynrand.org

italian girl said...

George, go back to your nra oblivion.

-Joe said...

LIBERAL politicians with their smug supercilious attitudes.
**********************

George is correct,
It was Bill Clinton gang who revived Jimmy Carters "Chicken in every Pot" (Mack May Bill).
This was to force banks at gunpoint to loan $$ to high risk people with no credit or salary verification.

Ronald Reagan warned the Banks would turn into wild casinos to make the comissions on these loans.

Reagan was correct !!
It has bankrupt the counyty.

You havent seen NOTHING yet.
Wait till 50 million tweeds with nothing left to loose run wild to feed their familys or drugs and booze to "shake the jones off"
Remember Katrina ?

the US Dollar continues to erode worldwide as demonstrated by the price of gold topping $1007. per ounce.

The "smart people" know that the United States government is literally Bankrupting the entire nation with this bullshit "economic stimulus" plan.

All they are doing is printing literally TRILLIONS of new dollars.

As as this "print press cash" enters the economy, it has the effect of devaluing the cash of only the people that HAVE MONEY.

When the dollar is finally exhausted- people who are not actually holding gold, silver or other tangible commodities, are gonna get f*cked !!

Thats when a new money or "Amero" North American Order will be braught up and rammed down our throats as the only solution.

O'bama is already talking about a super highway linking Mexico to Canada.



-Joe
www.nra.org

italian girl said...

Joe, you've got it all figured out, don't you?
Why don't you try and secure a position in Obama's administration and tell him where it's at?

-Joe said...

Wouldn’t work. Obama is a New World Order globalist.

I could never take orders from him or some journalist yahoo turned politition from Canada or France.

I can discuss more perhaps over a lunch date.
Spaghetti Alla Marinara & Beef Braciole with a glass of North Fork Cabernet ?

-Joe

italian girl said...

a date???


1) I don't eat pasta.

2) Wine makes me feel sick.

3) I would only date Obama loyalists.

4) Manhasset folks are snobs.

5) I would make you destroy all of your guns.

georgetheatheist said...

-Joe. Italian "girl" once posted she has a husband. Watch your back. [Why is a married woman "dating" anyhow? Obamaists or not?]

italian girl said...

Ooooo, georgie, remembering my posts -

Obsessed much?

-Joe said...

Husband ?
Sh*t Georgie, Im more scaired of her !
She comes off like one of them raucous guidette tomata's with the weedwacker hair my grandfather warned about.


Looking at her demands just for a friggan date !

If there were a husband the poor duds likley jumped out a window or 2- flew the coop and ran like hell.

I’m not too worried I’m 6'3and likley better looking.
I was a daytime soap opera actor.

Im still a little insulted here - - no soup for her !! !

-Joe
www.nra.org

italian girl said...

And Joe, don't listen to Georgie. He's just frustrated he hasn't had a woman in 20 years.

Demands? You think those are demands. I got more:
6) You would have to become a liberal.

7) You couldn't be frugal.

8) You have to sell those junk old cars and buy a sports car.

9) You'd have to live in Queens. I hate Long Island yentas.

And don't be insulted. You may not believe this, but I'm actually a really nice person.

And Georgie:

Go polish your gun and let the grownups talk.

Anonymous said...

"George is correct,
It was Bill Clinton gang who revived Jimmy Carters "Chicken in every Pot" (Mack May Bill).
This was to force banks at gunpoint to loan $$ to high risk people with no credit or salary verification."

"Chicken in every pot" was Hoover, by the way.
george was wrong and you are doubly wrong to agree with her. There was no "forcing" of banks to make risky loans.

If you continue to insist this is so, you must provide a link to the relevant legislation, and indicate for us which paragraphs to reference. Otherwise, you're just blowing hard as always.

georgetheatheist said...

"Ooooo, georgie, remembering my posts"

Listen, noodle-brain, that's right. You "post" here so people can forget your "words of wisdom"?

How's this? Queens Crap entry of January 23 ("And We Have a Winner"):

Italian "girl": "Americans need a higher entity governing them." I even yellow-stickered that to my monitor as the stupidest, let me repeat stupidest, better yet, STUPIDEST thing ever posted on this blog, or a bathroom stall, or written in the sky.

I am a constantly amazed at how a juvenile moax such as you has the nerve to appear in public. And appending a smiley face to your inanities to ameliorate your lack of intelligence.... :) :) :)

And -Joe. I am certainly impressed with your choice of wine, a Northfork Cabernet. The Cabernet-Sauvignon grape has the highest heart-protecting qualities of all the reds, Merlot, Bordeaux, Chianti. A wise choice of beverage for the proposed menu.

Unfortunately, you were casting pearls before swine. (Matthew 7:6)

-Joe said...

Who are you the NYD News or Newsday ?
If so do your own homework, not all of us are sheep.

Have a look at this
www.breitbart.com/article.php?id=D960U4HG0&show_article=1
Its just a synopsys, my sister showed me a copy of the bill signed
Items on the first pages of the bill are pre-emted on the rear pages.

Obamas plan sends tax credits of around $500 per worker and $1,000 per couple. page 2 expressly disqualifies nonresident and illegel aliens.

Around page 300 it allows people who don't have Social Security numbers to be eligible for the checks by filing a tax returns with an alternative number.

This is to be called a "individual identification number".

What a crock of crap !!


This is the same sort of thing the Fed under Clinton told the banks.
It allowed them do buissnes with anbody once they established a basic form of ID that can be gotten anyplace.
Now we have the same thing again


1-These F_ idiots including the President dont read what they sign.

2-Its lawyer drivel to dupe the people !

italian girl said...

Hey georgie:

I still stick by my statement. And actually I'll revise it. YOU need a higher entity governing your sorry, frustrated, gun-toting ass. You're disturbed, my friend. I hope Obama personally knocks on your door to take your pistola away from you.

If I'm such a juvenile "moax" why do you keep responding to my posts? Hmmmm. Most mature, intelligent Queens Crap followers would just ignore me. And yet you don't. Why?

You better drink all that heart-protecting wine. Otherwise you'll be getting a heart attack very soon as we transition into a socialist government.

-Joe said...

Cabernet-Sauvignon grape
Yep one of the best. These really loaded with Beta nutriants and antioxidents.
(they also make a great 150 proof Grappa on full moons on the canal)

I have 1/2 acre in Mattituck of them, white spring corn, Tomato’s, Figs, pigmy peaches.
The grape and cherry tomato’s are great to eat right of the vines in the cool morning.
I go out their with a cup of fresh Grits & blueberry’s.

I try to take care of myself especially with all this aggravation and theft going on.
Its getting to the point where you have to bury cash or put it in a mattress. Bank of America wanted only give me 5K cash a week when my 30K CD matured. I had to fight with the branch manager who called them cops on me.

Italian girl
Actually with exception of the 91 Jimmy all I have is classic American sport cars now.
I keep them tuned to run clean and lean. All have headers and get over 18-25 MPG
I did have a 78 Jaguar L6 with a Chevy 350 engine, a black 280zx but all those have bad rust issues from the cheap recycled metal the Japs and Britts used.
Jaguars are real pieces of sh*t...never again

Being from Bushwick & Ridgewood I can’t stand Manhasset snoots and Benzi Barbies also !

-Joe

Anonymous said...

I worked in banks during the late 70's and I can tell you exactly how and why ARMs became available.

When interest rates skyrocketed for deposits and 14% interest rates for CDS became common, banks agitated for relief. ARMS were born out of that economic turmoil. It was a measure to allow banks to pass their risks onto the public.

Adjustable credit cards came about when banks were allowed to seek charters in states without usury ceilings.

These provisions have become a cancer on the land and have left the ordinary person rife for pocket-picking. It has nothing to do with bleeding-heart liberals or misguided attempts to help poor or people of color. That is what a lot of crooked financiers would want you to think so they can keep ripping you off.

georgetheatheist said...

Italian "girl". You are a Johnny-come-lately. I have been responding to posts since this site was established 2.5 years ago. I'll continue to do so. Especially to the stupidities that you write which are legion.

If you can't take the heat, get out of the kitchen.

italian girl said...

Hey Georgie:

Even my cute little smiley faces annoy you? Get a grip, buddy!

Hey Joe:

Classic means old. Any car from the 90s, 80s and 70s is OLD. Get rid of them and get some awesome NEW car.
Grappa? I think grappa is the most disgusting drink I've ever had. Tastes like rubbing alcohol. And if you hate the Manhasset snobs, then why do you live there?
Your farm in Mattituck? You remind me of most of my family who had some strip of land somewhere and loved to grow grapes, figs, tomatoes, cactus pears. Following the Italian tradition, huh?

italian girl said...

"Italian "girl". You are a Johnny-come-lately. I have been responding to posts since this site was established 2.5 years ago. I'll continue to do so. Especially to the stupidities that you write which are legion"

I'll take that to mean only that you just can't get enough of me.
Don't worry. There's been plenty of guys that feel the same way.

Anonymous said...

Sorry for attributing those lyrics to Bob Dylan earlier.

Correction:
It was the Rolling Stones..."you can't always get what you want".

-Joe said...

Classic means old. Any car from the 90s, 80s and 70s is OLD. Get some awesome NEW car.
------------------------

Holy crap now im supposed to dump my Candyapple Blue 72 Corvette, Cuda or Chevy Nova Super Sport.
Im getting agita here !

Let me guess replace the Vette with a crap 2009 Ford Mustang with the plastic bumpers, Automatic transmission made in F_ France, center console "purse" and glow in the twin visor light up markup mirror right ?

That wont work:
Drive the 2009 Ford Mustang (or any other) off the showroom curb and it depreciates in value $5000 plus $2000 a year !!
Now add 2-3 grand a year for insurence.

To add ---my head hits the ceiling and my legs hit the steering wheel.
You have to lay 1/2 way across the passenger seat to see a red light turn green. You could also look out the sunroof if its not raining. -
--It has 6 cylinders and only gets 14 MPG

Thats Detroit's top paid desighners & engineers for ya---worse by the year !
I swear they must all be Asian or women

The 72 Corvette only goes up in value and is eligible for full classic insurance at $175 a year.
Its also used for income photo shoots as well as tax writoffs in parades.
The inside is so stretchy. I can put on my swimming and diving stuff in the drivers seat. 26 MPG 4 speed.

To get Classic insurance the car must be 25 years or older PLUS you must have a primary car to drive with insurence.

Doesnt Obama want to place all kinds of taxes on old cars to force people to buy new ones ?


-Joe
www.nra.org

Anonymous said...

Italian Girls says: Classic means old. Any car from the 90s, 80s and 70s is OLD

No NO NO its not that simple
---what with this chick ?

Vintage Classic & Historic Examples:
Horseless Carriages or Brass Cars: Pre-1915
Antique and Nickel Era Cars: Pre-1925
Classic Cars: 1925 - 1948

Post War Classics: Stock Unmodified Vehicles 1948 - 1978.

Most 80's vehicles driven daily today that are NOT Classic Historic or collectible

However, there are a few from this time period that ARE because of their desirable characteristics.

Characteristics such as:
ALL DeLorean's
Some Convertibles
Some 2-door sports cars
(VERY few 4-door sedans are collectible)
Unique body shapes
Foreign sports cars such as the 280Zx and Italian cars
American Muscle cars with Big block V8 engines

italian girl said...

Joe:

Horseless Carriages or Brass Cars: Boring

Antique and Nickel Era Cars: Boring

Classic Cars: Boring

Post War Classics: Boring

Why not a Ferrari F430?

Jason in Kew Gardens said...

"Italian "girl": "Americans need a higher entity governing them." I even yellow-stickered that to my monitor as the stupidest, let me repeat stupidest, better yet, STUPIDEST thing ever posted on this blog, or a bathroom stall, or written in the sky."

I don't like to get involved, but George is spot-on with this one.

-Joe said...

Ferrari F430? No thanks. They are all on recall for burning & incinerating people to death (in that order).

http://image.motortrend.com/f/recalls/nearly-2000-ferrari-f430-spiders-recalled-for-potential-fire-issues/14806205+w562+cr1+re0+ar1/2007-ferrari-f430.jpg

I dont need a $250,000 Italian or Krout Heb hauler car to to hunt for high maintenence Guidetts, JAPs N Shickas.
I'll leave them for the Bukharians.

Anglo, can drive a stick, be faithful, keep in shape, share cooking, cleaning and yard work
-- now thats the good ones.

-Joe

italian girl said...

Actually Joe, I was just playing with ya. I never even heard of a Ferrari F430. I had to ask my brother what was the hottest sports car he could think of and that's what he came up with.
I'm not the gaudy guidette you think I am. I drive a very economical old Honda and I'm very happy with it.
It was fun messing with ya though.


What's an anglo?

-Joe said...

Anglo:

In the United States, Anglo refers to White Americans who are not of Latino, Mestizo, ethopian origin and more important CULTURE.
-- and sometimes to those who are not of French, Mid Eastern, Asian origin as well.

The term in todays America is used without regard to whether or not they are of English or WASP descent.

You also have African Anglos like Charlize Theron.
However Charlize is actually 3/4 German, French & Bleached Dingbat.


-Joe

italian girl said...

I know what anglo is. I just didn't get what you were saying in that sentence.


So you're looking for an anglo woman, can drive a stick(good luck with that), be faithful(good luck with that also), keep in shape(most women don't care after a few kids- why is that?), share cooking(women today like to eat out), and YARD WORK(I wish you a lot of luck on that one)

If I find a woman like that, I'll keep you posted.

And I don't agree with you on Charlize Theron. I don't think she's a dingbat.

Some Hollywood Dingbats:
Pam Anderson
Paris Hilton
Anna Nicole Smith (RIP)

Anonymous said...

Duh...those dingbats are products of
1-Canada
2-Manhatten & East Hampton
3-Texas Mexico