“In other words, surging rental income is nothing more than “squatter’s rent” saved by not paying one’s mortgage.”

6 comments on ““In other words, surging rental income is nothing more than “squatter’s rent” saved by not paying one’s mortgage.”
  1. Mike/Liverpool says:

    Morning Max

  2. Mike/Liverpool says:

    Could this be “VE” day in the comex……or has Ms Masters got something “ready”?
    Mike

  3. F. Beard says:

    Fractional reserve loans, when repaid, destroy money (actually “credit” which behaves just like money) so actually those squatters are doing us a favor by not paying back those loans from the government backed counterfeiting cartel.

    Go squatters!

    I must add that one should consider carefully before joining them. See your lawyer first to make sure you can get away with it (such as not having your wages garnished).

  4. indeed says:

    In “normal” days I would hate the squatters. Today I congratulate them for the effort of getting the cleptocrats out of the system. Won’t happen when they are profiting and propped up by the “law”.

    The MSM articles, that Dryden was alluding to, was only an effort to keep up the bankster fraud going. If you noticed it was followed by mega-advertisements to buy REITs – which is another form of fraud. When will it end? When everyone is in abject poverty, sucking from the fascist teat.

  5. lobsterman says:

    RE: F.Beard’s Comment: “I must add that one should consider carefully before joining them. See your lawyer first to make sure you can get away with it (such as not having your wages garnished).”
    Hypothetically speaking, would this work?
    Step 1. Create/register corporation. Step 2. Put leans on your homes & assets greater than the value of the assets for loans from the corporation you created. Step 3. Have your corporation garnish your own wages to the max permitted. Step 4. Pay your taxes & mortgages and you are protected from other creditors as they will be in line behind your corporation.

  6. F. Beard says:

    Step 4. Pay your taxes & mortgages and you are protected from other creditors as they will be in line behind your corporation. lobsterman

    First I am no lawyer or accountant. :) Be sure to check with one before attempting this!

    But I don’t quite understand Step 4. Yes, one should pay his taxes but don’t you mean you should stop paying your mortgage?

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