FREELOADERS: A John Stossel Fox News Special
some of the footage was us in the old freeloaders in 2006 on 20/20 you can see it here at http://www.youtube.com/watch?v=4teq7aKTNJ4 at the end of the clip
Some Americans actually make a living … begging for money. Professional panhandlers, they’re called, sometimes making more than $100 in a day. I tried it in Manhattan, and made over $11 in one hour—that would be $23,000 a year—tax free!
It’s a small example of why some said that the USA is turning into a nation of freeloaders. The Manhattan Institute’s Heather MacDonald says that beggars she’s encountered “have the most deep-seated sense of entitlement that I’ve ever come across.”
From those defaulting on their home mortgages, to those who see lawsuits as a lottery ticket, many Americans live off the hard work of others.
I look at how government turns people into freeloaders Did you know that any black person who has farmed or “attempted to farm” can collect $50,000 from the Federal government? “Attempted to farm could mean anything,” says black farmer Jimmy Dismuke, “My little three year old grandson could attempt it.”
We’ll introduce you to a woman who hasn’t paid her mortgage in 25 years… and doesn’t ever intend to. I confront the founders of “youwalkaway.com”, a website dedicated to advising people on how to walk away from their home mortgages .
Some of America’s biggest recipients of handouts are rich people. The biggest corporate freeloaders may be the biggest industrial corporation in the world: General Electric.
General Electric CEO Jeffrey R. Immelt is super-close to President Obama. The president named Immelt chairman of his Council on Jobs and Competitiveness. Before that, Immelt was on Obama’s Economic Recovery Advisory Board. He’s a regular companion when Obama travels abroad to hawk American exports. (Why does business need government to do that?)
I’ll also reveal some of my own freeloading. Federal flood insurance is a freebie for those of rich enough to have waterfront property, I collected on that. People like Bon Jovi and Bruce Springsteen take advantage of tax benefits that are supposed to help farmers.
Is America becoming a nation of freeloaders?
Duration : 0:10:27
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Duration : 0:1:41
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Kenn Renner discusses his new book, “First Time Home Buying Secrets Revealed.”
Duration : 0:1:42
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Today Show (Nine Network – Australia) segment, aired on the 25/8/2008 covering Australian builder Living Green Designer Homes and their world first in carbon neutral low cost housing. Living Green Designer Homes Craig Riddle is interviewed and discusses his revolutionary new Mortgage Free series, a unique, environmentally friendly and ultra low cost modular housing system. He discusses that the homes are designed to expand as your needs and budget change. As well as being environmentally responsible when you consider global warming, their affordability makes them ideal for parents to buy as 18th or 21st birthday gifts for children and teenagers or for use in the tourism sector. Living Green Designer Homes is based on the Central Coast NSW Australia, but welcomes enquiries from around the world on enquiries@livinggreendesignerhomes.com.au.
Duration : 0:2:53
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Here is the final render of the video I created for a company called Franklin First Financial.
Here is a “commercial” type animation I did for a mortgage company. Job included: Character Development, 3d model, animation, and rendering of a custom character as well as the voice over using the provided script to deliver the final video.
3D modeling, texturing, animation, rendering done by me, as well as the voice over, background music, recording, and the audio/video editing.
Duration : 0:0:43
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http://mortgagelocator.ca/
Many buyers ask me for a line of credit as part of their mortgage package, but they only put 5% down. This video explains whether or not this is possible, and under what circumstances it can be considered.
Hey everybody, Rowan Smith with The Mortgage Centre. I want to talk today about lines of credit. More specifically, mortgage lines of credit. A lot of times people will come to me and they’ll want to get a line of credit, along with their financing for their purchase, for renovations and whatnot.
Now, generally, if it’s going to be a mortgage, you’re going to have to have 20% down payment or 20% equity in the property before you can start getting a line of credit. Because CMHC, who governs less than 20 percent down purchases, doesn’t not allow an interest only product at this time; they do, but no lenders really support it.
So you’ve got to have 20 percent down if you want to start getting the ability to have a line of credit. Now what I mean by that is if you have 20% down and you pay it down so that you now have 30% equity in the property, you could borrow that 30% to 20%, that 10%, you could get that in the form of a line of credit assuming that your income and credit qualify for it.
So, if you’ve just bought something with five percent down and want renovation funds, a line credit with the mortgage is not part of the option. What you can do is get an unsecured line of credit through your financial institution you bank with. They can supply that to you, you can use that. Now you will not get mortgage rates on that line of credit, but it’s really the only option.
Alternatively, there’s a Purchase Plus Improvements Program if you want money for renovations. I’ve covered it in detail in the prior blogs, please do a search and you can watch it. It’s a good three or four minutes and it explains how the Purchase Plus Improvements Program works, or Refinance Plus Improvements.
If you’re applying for a line of credit increase – maybe you already own your property, you’ve got a substantial equity position at home and you simply want to increase that line of credit, come and talk to me. There’s many institutions which we can stick a line of credit behind any other mortgage.
So if you’ve a RB Royal Bank first mortgage, we can stick a line of credit behind that and get you mortgage rates on that line of credit. You don’t have to go to your bank if that’s the case. It’s only the unsecured lines of credit which you need to speak with your bank about.
If you’d like any clarification on this or need a line of credit, please give me a call. It’s Rowan Smith from The Mortgage Centre.
Duration : 0:2:8
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First Time Home Buyer Seminar with Kenn Renner – 08
Duration : 0:8:11
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Wright Direct helps Deeb Realty
Duration : 0:2:13
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Statistics you can access from the ABS that call into question why the average First home owner mortgage is so large and why there is a very real chance Australia’s property prices will fall dramatically within 12 months.
Duration : 0:6:24
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Learn more http://www.introabc.com The banks have been caught committing mortgage and foreclosure fraud
Duration : 0:5:29
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