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What better time to start a new hobby than at the beginning of a brand new year. Browse our calendar of events for new things to try this month. » Things to do
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Best Pool Hall [poll]
Here's where you get to tell the world what you think. Every week you get to vote on the best that the Dayton area has to offer in entertainment, restaurants, recreation & and a few other bizarro categories.
Voting in this category ends on Jan. 12.
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Colleges
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University of Dayton
- Masks, Music and Musings: A Retrospective Exhibition and Symposium on the Art of Curtis Barnes at ArtStreet
- Friday Film Series at ArtStreet
- The Dan Rivers Acoustic Open Mic Show at Bargos Grill
Sinclair Community College
- Abi Cook and Charis at Canal Street
- Original Acoustic Revival Open Mic Night at Trolley Stop
- College Night at Club Masque
Wright State University
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Have cabin fever? Come to a treasure hunt for adults on Jan. 10 [things to do]
With the economy spiraling seemingly out of control, many people would do anything for a little treasure. On Saturday, Jan. 10, the Centerville-Washington Park District is attempting to give parkgoers just that. Grant Park, 501 Normandy Ridge Road in Centerville, is hosting an event called Cabin Fever Cache, offering a reason to get into the great outdoors despite cold temperatures. The event revolves around geocaching, a growing trend that is part time capsule, part treasure hunt. Think it sounds like something only a few nerdy, tree-hugging types might be into? Think again. More »
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'Bride Wars'[movies]
Perpetual nice girls Kate Hudson and Anne Hathaway get down and dirty. Girlfight! The plot: After a clerical error schedules their weddings on the same day, two longtime best friends declare all-out war on each other. More »
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Local Dining
We celebrate the best local meals of 2008 [restaurants]
Before 2009 settles in, let's take a look back — fondly — at some of the best, most memorable meals of 2008 with some help from our food critic. Don't let anyone proclaim that we can't find decent grub in this part of Ohio. These meals were extraordinary, so add these destinations and dishes to your to-do list for 2009. More »
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Comments
By Randy
September 30, 2008 5:24 PM | Link to this
The large number of people I see as an attorney going into foreclosure are there because they lost their jobs, had medical problems, or were scammed by unscrupulous brokers and lenders. These scammed victims were often not told that taxes and insurance weren’t included in their payments,told that they would be able to refinance in a few months at a lower rate if they kept their payments current. The majority of these people want to pay their debts but the debt needs to be reasonable!
By bobby
September 30, 2008 11:52 AM | Link to this
The fact Mr. Babal’s best interest rate was eleven percent might be that he was not credit worthy,or had no verification of income and assets. Did he make a down payment? How much consideration did he give to his ability to repay the loan before he signed the note?…. The predatory Boogyman is not behind most of these foreclosures.
By Paul
September 30, 2008 11:18 AM | Link to this
Have you looked at what banks pay you on your savings account? Over 30 years ago I bought my first home with almost 20% down and still had to pay 10+% interest on a 20 year mortgage. But the banks paid 5% on savings and even higher on long term CDs. Today the banks don’t want to raise money by paying the little saver for it. Instead they make loans with money that is not theirs, sell the mortgage and do it again. And we are supposed to bail them out.
By Dennis Kelly
September 30, 2008 10:17 AM | Link to this
My wife does up to 10 repo appraisals a week for local banks - most of these homes go to Sheriff’s sale eventually at 70% or less of their value, dragging down all our home values at a rate faster than they ever went up in the first place! I don’t blame average folks for getting into a mortgage with payments lower than the rent they paid and upgrading their lifestyles at the same time, but no one looked at the long range accounting and now the proverbial chickens have come home to roost!
By Wordell
September 30, 2008 10:13 AM | Link to this
Democrats (with Republican help) force mortgage companies in the late 90’s/early 2000’s to loan money to millions of unqualified people for home loans, threaten laws to enforce it. They allow unemployment/food stamps/ADC to be counted as “income”! They force a lower loan criteria. Why do you wonder why this has happened?! Can’t do the math, savant?? You expect the same idiots who caused it to straighten it out?! I want a Porsche (“Por-Sha”). Buy me one, can’t pay you back..O.K?
By Eric
September 30, 2008 9:56 AM | Link to this
This whole mess is about the government ( do good’er libs) encouraging banks to loan money to people who didn’t qualify for mortgages. That put more buyers in the market. More buyers in the market cause prices to go up. Buyer didnt pay morts and then prices fell. Pretty simple. Fannie and Freddie said they would buy the morts. I was a banker and the govt said they would buy every mort made. I made so many loans it would make your head spin. The govt lowered the standards on the paper and I gave them what they wanted. I got the job done. The govt asked me to do this. In nornmal times most of those mort would have never been written. I saw opportuniity and took it. I knew most of these losers wuold not repay, but this is what the government (libs) wanted. Dont blame Wall Street. Capitalism works if you get rid of the social enginnering.
By EJ
September 30, 2008 9:41 AM | Link to this
Did someone hold a gun to Babal’s head and force him to sign a mortgage with 11% interest? His failure and the failure of hundreds of thousands like him to live within his means and pay his debts is what caused this mess. 95% of Americans pay their mortgages. Since the top 20% of taxpayers shoulder 84% of the tax burden, it is doubtful that Babal’s share of the bailout will be proportionate to the impact of his failed mortgage on the system.
By Joanie
September 30, 2008 8:48 AM | Link to this
I agree that we need to have measures against predatory lenders, but I don’t feel I should have to pay for people who bought houses beyond their means. We live in a somewhat modest home, though we could afford a much more expensive one with our income. Why should our hard-earned money be used to keep people in McMansions they can’t afford? The sub-prime lending scheme was a bad idea. We need more regulations on lending.
By LMAO
September 30, 2008 8:40 AM | Link to this
speaking of morons and their role in this mess, don’t forget Clinton repealing the Glass-Steagall Act and instituting the Community Reinvestment Act… which to clarify for the Clintonians amongst us, 1) gave way to the institutional chaos in the financial industry, and 2) ensured that people with little-to-no chance to pay back loans would be able to qualify for them anyway!
By Smith
September 30, 2008 8:19 AM | Link to this
Its morons like Bob Babal that are contributing to this mess. Don’t take out a loan that you cant pay back. Why do you think all these banks are failing? Because people aren’t paying back their loans.
Don’t bite off more than you can chew!!!