TEE BEE A Modern Philosophical Trend?

By
Industry Observer

During the "Accidental Homeowner" era, I'm sure that most of us came across people who had to buy a home because they did not have sufficient funds to cover the deposit and first month's rent required if they didn't buy.  Many of those folks became accidental homeowners, and many of them cried foul when the bank expected them to actually make monthly payments. 

As always, there are people who have unexpected tragedies that require their exit from home ownership.  With the price collapse, the threshold for reaching the tragedy category has broadened considerably.  In periods of price appreciation, many were able to get out with a loss, but they still ended up with a little walkin' around money when the left the closing table.  Then as now, they still lost their homes, but not all of them were involved in foreclosures or short sales.

Today there is a legion of people, led by certain philosophical (perhaps political?) forces, who subscribe to the TEE BEE philosophy.  They believe that we need more services provided for us, and they should be paid for by Taxing Everyone Else.  They have made mistakes in planning and providing for themselves, and they believe that they should Blame Everyone Else for their misfortunes.

I do see the benefits that could be personally derived from following this philosophy, and I'm considering embracing it as my own.  There seems to be no risk and all reward.

Posted by

 Mike Carlier  Lakeville, MN

 

612-916-3033

 

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Rainmaker
1,182,695
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

I like the term "accidental homeowner", this over supply of homeowners that really couldn't afford to purchase a house has created a mess with enough blame and finger pointing to spread around. Nice piece. 

Feb 12, 2012 04:44 AM #1
Rainmaker
1,254,756
Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Hi

I believe in what you are preaching. I feel before anyone can receive any form of bailout, their original loan application needs to be reviewed and if there was blatant falsehood therein, then they should get nothing.

I know too many people including several friends who bought 6,7 or 8 houses all making less than $50,000/year. cheers cvc

Feb 12, 2012 05:20 AM #2
Rainmaker
631,712
Vern Eaton
Askov, MN
Realtor 651-674-7449

TEE BEE is the biggest threat to our society as we used to know it.

Feb 12, 2012 08:37 AM #3
Ambassador
878,270
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Mike, I agree with Vern. Tee Bee in our current economic state is going to ruin us.

Feb 12, 2012 09:38 AM #4
Rainmaker
3,985,575
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Mike, this is so very true...We live in a 'NOT ME' society anymore.  Won't get better until our attitudes change.

Feb 12, 2012 10:20 AM #5
Rainmaker
926,706
Ron Marshall
Marshall Enterprises - Saint Michael, MN
Birdhouse Builder Extraordinaire

It is amazing that people don't remember the 30 percent tax rates during the Clinton administration.  Everyone has it pretty good right now as far as taxes go. 

Feb 16, 2012 12:45 AM #6
Rainmaker
522,422
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

It seems like there is some opposition to taking on the Tee Bee position as national policy.  Regarding the days of 30% taxes, there were a ton more deductions available, even to the average Joe Sixpak with an average income.   Now we're stuck with the bills from two unfunded wars and an economy struggling to get back to normal.  The political solution to the problem is for both sides to agree on only one thing -- gridlock.  Why not?  It seems to have worked for Greece.

Feb 16, 2012 03:50 AM #7
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Rainmaker
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Mike Carlier

More opinions than you want to hear about.
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