Thursday, November 8, 2007

If the terrorists could buy homes.... would they?


The thief comes only to steal and kill and destroy; I have come that they may have life, and have it to the full. John 10:10

I don't think it will be too far of a stretch for anyone to acknowledge that there are still terrorists that live and breathe right here among us in the United States. After 9/11, it was shown that some of those guys had infiltrated our society years prior to 9/11.

With that said, I want to ask you if you think that those "people" (term used loosely) would be interested in buying houses? If so, what would be the purpose? They don't do anything without a purpose and buying homes would be no different. Pay attention because this is one thing you haven't heard on CNN, yet.

What we know for sure is that the goal of any terrorist is to kill and/or destroy. If terrorist are living here, they are here to do one other the other. Or both.

So how could they accomplish either of those agendas by purchasing our U.S. real estate? Before you turn the page and decide that I have lost my mind, I ask you to consider this:

Perhaps, this mortgage meltdown is not just the result of innocent people who bought one home and now can not afford to pay that mortgage. Perhaps this crisis is, in large part- the result of people who took advantage of our corrupt system of underwriting and purchased 3-6 homes, without any intention of paying for those homes. The result is that this type of buyer would create exponential losses to the lenders. Further, if it were done enough times, it could cripple our mortgage banking system. Let me rephrase that, it actually could DESTROY our mortgage banking system. It could render thousands without jobs and thousands homeless.

Perhaps we are witnessing the destruction of our mortgage banking system.

If you think that all of the chaos is a result of honest, hardworking individuals who were bamboozled into bad mortgages, I beg you to think again. I believe this mortgage meltdown is more along the lines of terrorist who infiltrated our real estate professions and then sought to manipulate it such that our banks would suffer untold mortgage losses. Additionally, by the terrorists becoming realtors or lenders or appraisers (all of these licenses are way easier to get than pilot's licenses)... they then can be both buyer and seller. So, not only do they take out loans and not pay for them, they are able to make all kinds of money in the process.

They did not create our flawed system. They merely took advantage of our flawed system.

Up until recently, it was incredibly easy to obtain 100% financing on homes where the prices many times exceeded $400,000. Without too much fancy footwork, this type of financing could be obtained on more than one house at a time.

This type of financing, "subprime" is now what is crippling our economy. Although some of these loans were in fact made to honest people who really had no idea what they were getting themselves into, I fully believe that even more of these loans were made to people who knew exactly what they were doing. THOSE people had no intention on paying even one payment. Those people made a lot of money on the transaction when it closed. THOSE people systematically were buying and selling houses by taking out fraudulent loans at 100% of the purchase price without any intention of ever paying those loans back. It boils down to a form of bank robbery, pure and simple.

The terrorists attacked the twin towers, in part- because it represented our banking system. Now, consider that if they were given the opportunity to attack our banking system in a way that would make all of us hurt... do you think they would do that? Of course they would.

So again, I ask the question which is somewhat rhetorical by now.

If the terrorists could buy homes, would they?

Lest you think that I am suggesting this concept just a little too late, remember this:

...I have come that they may have life, and have it to the full. John 10:10

As long as we can focus on who God is for us and not what the evil has done to us, we will become victorious. It's good for us to remain aware and take better, proper measures to protect that which we value and contributes to our quality of life. However, remaining focused on the Giver of Life will be an absolute necessity that will strengthen us as we endeavor to

Keep it in Perspective.


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