Welcome 2--4 Net readers! I hope you like what you see and come back again!
Complements of a 2--4 Net Reader, here is the cached page of her blog.
VW
UPDATE 12:50: Apparently this moonbat thief is angry because the right has called her to task. Apparently, if you think she is a thief, you are a fascist. This is what she has up in place of her story:
That's OK, This Fascist quoted the relevant parts. Read on:
Alisa Valdes-Rodriguez is a successful left-wing extremist journo-novelist-blogger-producer who finds racism and sexism under ever rock in her life's path. She did not grow up in some migrant camp or in some dusty Mexican village. She is not the product of the East LA barrio or a New York Puerto Rican slum. On the contrary, she is the daughter of a sixth generation New Mexican mother of Irish extraction and a pro-Castro, Cuban immigrant, sociology professor.
As stated, Ms. Valdes-Rodriguez is neither poor or oppressed. She is not hurting for money or status. She is living the American Dream and she hates herself and her heritage for it.
She moved to Scottsdale, an upscale suburb of Arizona, to enroll her son in some sort of "gifted" program which she has since become disillusioned with.
In the process of moving from Albuquerque to Scottsdale, she plunked down $120,000on a house that cost $570,000.
From her blog:
A little more than a year ago, I bought a four-bedroom tract home with a pool, in a very nice subdivision in Scottsdale, Arizona, for $570,000. It was the most I'd ever paid for a house, and certainly much more than a similar house might have cost me back in Albuquerque. Still, we hoped the gifted school thing would work out, and, according to conventional wisdom at the time, felt that buying was better than renting, even if we left after a short time, because of the tax benefits of interest paid on a mortgage.
I put $120,000 cash down on the house, thinking it was safe there, and might even grow. I figured it was a good investment because that's what people like Suzie Orman used to say, until, like, last week. Arizona was said to be booming, and the mortgage, while steep, was something I could handle, thanks to my supportive and loyal readers and other assorted sources of income.
Fast-foward to this summer. The gifted school thing has not worked out. We do not like Phoenix and Scottsdale very much. We are homesick for our friends and family in New Mexico.
Oh the problems of being an oppressed minority! It gets better!
I am up to date on my mortgage payments, but all around us houses are going on the market at slashed prices, being abandoned, or coming up for lease. The prices begin to drop drastically, as homeowners in our area see their shady loans balloon out of reach and they lose their homes to foreclosure.
Suddenly, the house I bought for $570,000 is worth...$380,000?!?! Amazing! I know this because it is a tract division, and that is the price the same model is going for right now. And dropping with every week that passes.
What this means is that I, as a responsible homeowner, am now paying a mortgage of $450,000, on a house worth $380,000 - and the price continues to drop. By this time next year, I would not be surprised to learn this house is worth $310,000, or less. I have lost every penny I put down, and am now, astoundingly, in negative equity, which grows only more negative with every payment I make. Does this make sense to you? Not to me, either.
Holy Interest Rate, Batman! Her mortgage bubble just burst! So what is our heroine going to do about it?
I never thought I would be the type to end up in foreclosure, but last month I made the decision to stop paying my mortgage. To just walk away. Not because I can't pay it, but because it is foolish to continue to do so. (Emphasis added) I am aware of the new FHA program designed to refinance homes like mine at their current value, but I don't think the dropping prices are going to bottom out for a long time. It's just not worth it, either way.
That's right, boys and girls! She just ain't gonna pay another dime to those greedy Reich-wing bankers! Check out this reasoning:
The conservatives will try to tell you this crisis is only impacting irresponsible homeowners, who got into mortgages they could not handle. Wrong! If you own a house in any of the areas hit hardest by this thing, you are wasting money if you continue to pay for a worthless property. Many of us realize this, and we are walking away, mailing in the keys, saying "thanks but no thanks for this bridge to nowhere."
In other words, she is one of the most irresponsble people to ever walk the earth! Because her home is no longer worth what the bank sold it to her for, she is just going to walk away from it and leaving the bank holding the bag and it's everyone's fault but her own!
This is what is wrong with this country and she is a big part of it. All of us who own homes have seen a big chunk of our equity slip away. It happens. But responsible people who can afford their payments just don't walk away and tell the banker to go pound sand, we ride it out and continue to make our payments. This, like a painful kidney stone, will also pass.
She thinks she's entitled to make a profit. A house is an investment and sometimes investments lose money. No one, not the banker or anyone else ever promised her a profit, but by God she thinks she should get one. News Flash Ms. Reporterette, No one promised you a rose garden in the garden of life.
She's happy to take the hit on her credit rating and move back in with Daddy.
Sister, there is a word for people such as yourself and it is "thief". You are nothing more than a common thief. Maybe you didn't stick a gun in a teller's face, but your running out on a mortgage that you are perfectly capable of paying is not much different than the guy who walks in to the bank and demands money. Let me say it again, you are a thief and you desrve to be in jail.
I hope the bank refuses the short sale and comes after you with a lawsuit. If I was the banker and I knew you were perfectly capable of paying the loan, you can bet your sweet Latina ass, that I'd have you in court suing you for the remainder of that loan. You deserve nothing less!
VW