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Chinese buying your mortgage? That would be a wake up call....

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#1 Joel


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Posted 22 August 2011 - 10:15 AM

I was thinking about this the other day... What if some rich Chinese or other foreign company were to buy Bank of America, Fannie Mae, Freddie Mac, PNC Bank, or the place where your home mortgage is at? How much would it upset you to each month, write out a check to a foreign company for the home you built yourself, or worked so hard to be able to afford? I know it would devastate me, as I personally helped build my home with my own sweat and blood.

So, I ask you, what do you think? Is this possible? Doesn't it make your skin crawl?

#2 Average Joe

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Posted 22 August 2011 - 02:39 PM

HOLY COW!!! That's a horrible thought, however; I guess it is possible... UGH!! :wallbash: :wallbash: That would be so demoralizing... We have to keep what we can in the USA... Especially our hard earned US dollars.

#3 SteveO



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Posted 24 August 2011 - 04:52 PM

Think about how much of our debt China ALREADY owns.

Our "hard-earned tax dollars" are already going over there in huge amounts. I wouldn't be surprised to see more.

#4 Rusty Pancelode

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Posted 30 August 2011 - 05:45 PM

No problem...

I'd just refinance with someone else.
I'm not sending my payment to China under any circumstances (postage is too high anyways. :lol:)

Anyway, quit sitting around dreaming up ways to terrify us. LOL

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