The songwriters dont understand that foreclosure is the way to fix the problem. Letting deadbeats live for free in homes only delays the problem at the expense of those that can buy.
tj & the bear
on April 15, 2012 at 1:56 pm
Sing it, shadash! 🙂
Jaston
on April 15, 2012 at 6:03 pm
so someone is a deadbeat if they lost their job and couldnt sell because the house is worth half of what they paid for it?
shadash
on April 15, 2012 at 6:08 pm
Jaston,
If they’re also not paying their mortgage then according to Websters dictionary yes…
Definition of DEADBEAT
1: loafer
2: one who persistently fails to pay personal debts or expenses
stormin
on April 16, 2012 at 9:35 am
Jaston – I wouldn’t pay too much attention to comments made by Shadash. He only makes them when he can use his favorite word – “deadbeat”. He paints everyone with the same broad brush which is unfair to the millions of people who have used their retirements funds, emptied their kids college funds, lost their jobs, had medical problems or otherwise had their lives shattered by circumstances that were beyond their control.
Many of these folks have made honest efforts to keep their homes and have been ignored by banks or are out of options and money. They do not need to be constantly reminded of their plight and called deadbeats.
Defintion of a SHADASH
A person who constantly harps on people unable to pay their mortgage by referring to them as “deadbeats”.
you may disagree with the term “deadbeat”, but shadash is correct in the initial sentence… foreclosure is the solution, not the problem.
If someone empties retirement, college, or any other emergency funds to shore up an underwater asset is financially illiterate. And, since financial illiteracy is primarily a lack of personal interest or effort to obtain that basic literacy, “loafer” is maybe a subjective term only.
I don’t see any songs sung for renters who had similar job loss or medical problems. They’re told to buck up and move into moms house or downsize; or worse, called deadbeat renters.
stormin
on April 16, 2012 at 12:17 pm
Chuck – I’m not arguing the point of foreclosures being the solution. I’m just tired of hearing one person continuously drumming home his deadbeat theme. I know many people in this situation and they’re certainly not deadbeats.
Also you stated “If someone empties retirement, college, or any other emergency funds to shore up an underwater asset is financially illiterate”. In other words – this would lead to the conclusion that these people are either illiterate for trying to hang in there or deadbeats for giving up. Tough crew there in the OC.
I don’t begrudge someone their ability to do with their money what they want. Buy a hovercar, for all i care.
I just don’t feel bad for them when their car gets repossessed after not making payments. If I don’t pay my rent, I get kicked out.
I’d rather see people singing songs about the poor with a lack of opportunity than losing a house to a “greedy” lender who wants their money back. What if that lender was a grandma on fixed income from the “deadbeat” borrower? Since when are borrowers protected more than lenders? We shouldn’t want to created protected classes.
But, I don’t call them deadbeats. I prefer “nonpayers”. Cool with me, just follow the terms of the contract.
Chuck
shadash
on April 16, 2012 at 4:23 pm
I use the word “deadbeat” for a reason…
It’s only offensive to those that don’t pay their bills.
stormin
on April 16, 2012 at 4:30 pm
Wrong again Shadash – I pay my bills and it’s offensive to me and many other readers. I’m just more vocal about my dislike for your constant use of the word. Running down other people frequently gives the mistaken feeling of superiority.
The songwriters dont understand that foreclosure is the way to fix the problem. Letting deadbeats live for free in homes only delays the problem at the expense of those that can buy.
Sing it, shadash! 🙂
so someone is a deadbeat if they lost their job and couldnt sell because the house is worth half of what they paid for it?
Jaston,
If they’re also not paying their mortgage then according to Websters dictionary yes…
Definition of DEADBEAT
1: loafer
2: one who persistently fails to pay personal debts or expenses
Jaston – I wouldn’t pay too much attention to comments made by Shadash. He only makes them when he can use his favorite word – “deadbeat”. He paints everyone with the same broad brush which is unfair to the millions of people who have used their retirements funds, emptied their kids college funds, lost their jobs, had medical problems or otherwise had their lives shattered by circumstances that were beyond their control.
Many of these folks have made honest efforts to keep their homes and have been ignored by banks or are out of options and money. They do not need to be constantly reminded of their plight and called deadbeats.
Defintion of a SHADASH
A person who constantly harps on people unable to pay their mortgage by referring to them as “deadbeats”.
Lighten up!
stormin,
you may disagree with the term “deadbeat”, but shadash is correct in the initial sentence… foreclosure is the solution, not the problem.
If someone empties retirement, college, or any other emergency funds to shore up an underwater asset is financially illiterate. And, since financial illiteracy is primarily a lack of personal interest or effort to obtain that basic literacy, “loafer” is maybe a subjective term only.
I don’t see any songs sung for renters who had similar job loss or medical problems. They’re told to buck up and move into moms house or downsize; or worse, called deadbeat renters.
Chuck – I’m not arguing the point of foreclosures being the solution. I’m just tired of hearing one person continuously drumming home his deadbeat theme. I know many people in this situation and they’re certainly not deadbeats.
Also you stated “If someone empties retirement, college, or any other emergency funds to shore up an underwater asset is financially illiterate”. In other words – this would lead to the conclusion that these people are either illiterate for trying to hang in there or deadbeats for giving up. Tough crew there in the OC.
stormin…
I don’t begrudge someone their ability to do with their money what they want. Buy a hovercar, for all i care.
I just don’t feel bad for them when their car gets repossessed after not making payments. If I don’t pay my rent, I get kicked out.
I’d rather see people singing songs about the poor with a lack of opportunity than losing a house to a “greedy” lender who wants their money back. What if that lender was a grandma on fixed income from the “deadbeat” borrower? Since when are borrowers protected more than lenders? We shouldn’t want to created protected classes.
But, I don’t call them deadbeats. I prefer “nonpayers”. Cool with me, just follow the terms of the contract.
Chuck
I use the word “deadbeat” for a reason…
It’s only offensive to those that don’t pay their bills.
Wrong again Shadash – I pay my bills and it’s offensive to me and many other readers. I’m just more vocal about my dislike for your constant use of the word. Running down other people frequently gives the mistaken feeling of superiority.
Awesome video. Funny, catchy, informative and sad, all at the same time. I’ve already shared it with several people. Good work!