16 thoughts on “Man bulldozes home to avoid foreclosure”
I’d do it.
I have a new hero. Nice job!
I see the bank bailouts really helped the American people.
He’s an idiot and should be in jail.
I agree with Scott (except probably about the jail bit). All he’s done is destroy an asset that would have helped settle his debts. He still owes the money but now has no home and no collateral. Moron.
He used his house as collateral so the bank would give him a loan. He destroyed what was of value in his contract. I think it’s criminal. The only way this is ok is if he still pays off his debt. Then the bank shouldn’t care about his pile of rubble.
But he doesn’t owe the bank anything. He owes the IRS …or so they claim. You’re guilty until you can prove toy do not owe them, and the government gets to decide if they’re right or not.
Get screwed by them one time and it’s a feeling you will not soon forget.
OK, I only watched this once earlier on my phone. I just now caught the IRS part. The story lacks a lot of detail. He didn’t deny he owes the IRS did he? Assuming he owes the IRS (obviously some large amount), do you think by dozing his house he doesn’t have to pay anymore? Plus he still owes the bank $160,000 on his pile of worthless sticks. I don’t get his logic.
If for some reason he triumphs by what he did, it makes it harder on the rest of us. We’ll pay his debt for him.
Owning a business is risky. Owning several businesses is riskier. Owning several home improvement businesses these days is where the risk probably caught up with him. That’s his problem, no one else’s. Maybe he should have sold his house or businesses for whatever he could get and help pay what he owes with it. I still expect him to pay what he owes, or go sit in jail.
I completely agree with Scott – it’ll be up to the rest of us to pay his debt if he files for bankruptcy or just decides not to pay.
I can tell you from years of tax-preparation experience that for businesses, it is veritably impossible to owe a tax debt if you didn’t make the money. It would be safe to assume, in my opinion, that this man made money & either made up expenses or hid income from the IRS & then got caught – that’s the only way you can suddenly owe a tax debt. It’s even more frustrating that he’s out trying to play the hero now.
I’m sure it was as easy as pie for him to knock down his home.NOT.
That man had the guts to stick it up the system that stuck it up him.
No lectures on how wrong he was will bother me. I know that this is what I would do, if ever a callous greedy system tried to take my place.
They can have it- but deconstructed. That’s a promise.
Uh, no Aussigranni this man was very happy to use the “callous greedy system” for his own ends. He borrowed money and didn’t pay his taxes. In other words, his misfortune is entirely of his own making. He is not only an idiot for destroying his asset, but irresponsible and greedy himself. Happy to take the cash but not accept the responsibility for it.
It was easy as pie for him to lose control. He found out he had few options to resolve this while still being able to keep everything. Some unstable angry people do this, some fly planes into IRS offices. Now that it’s over and he calmed down, he decided to call it ‘sending a message’.
And I’m sure the moment he lost control was when he tried to file for bankruptcy and he found out that he would lose his house. You don’t always get to keep your house in a bankruptcy, he would have lost his.
If everyone did this, the banks would have lost that round.
ANYONE who can defeat bureaucracy will get my vote!
Don’t even TRY to tell me that the banks/tax man don’t routinely do it to us!
So, Aussiegranni are you saying that you have no capacity to evaluate a set of circumstances based on their merit? Do you mean that anytime someone takes on the beauracracy they must be right? Would this include the man who murdered an IRS employee by flying his plane into a building recently? Its a very odd stance to take. You seem to give the impression that you are close minded and I wonder if that is true.
I’d do it.
I have a new hero. Nice job!
I see the bank bailouts really helped the American people.
He’s an idiot and should be in jail.
I agree with Scott (except probably about the jail bit). All he’s done is destroy an asset that would have helped settle his debts. He still owes the money but now has no home and no collateral. Moron.
He used his house as collateral so the bank would give him a loan. He destroyed what was of value in his contract. I think it’s criminal. The only way this is ok is if he still pays off his debt. Then the bank shouldn’t care about his pile of rubble.
But he doesn’t owe the bank anything. He owes the IRS …or so they claim. You’re guilty until you can prove toy do not owe them, and the government gets to decide if they’re right or not.
Get screwed by them one time and it’s a feeling you will not soon forget.
OK, I only watched this once earlier on my phone. I just now caught the IRS part. The story lacks a lot of detail. He didn’t deny he owes the IRS did he? Assuming he owes the IRS (obviously some large amount), do you think by dozing his house he doesn’t have to pay anymore? Plus he still owes the bank $160,000 on his pile of worthless sticks. I don’t get his logic.
If for some reason he triumphs by what he did, it makes it harder on the rest of us. We’ll pay his debt for him.
Owning a business is risky. Owning several businesses is riskier. Owning several home improvement businesses these days is where the risk probably caught up with him. That’s his problem, no one else’s. Maybe he should have sold his house or businesses for whatever he could get and help pay what he owes with it. I still expect him to pay what he owes, or go sit in jail.
I completely agree with Scott – it’ll be up to the rest of us to pay his debt if he files for bankruptcy or just decides not to pay.
I can tell you from years of tax-preparation experience that for businesses, it is veritably impossible to owe a tax debt if you didn’t make the money. It would be safe to assume, in my opinion, that this man made money & either made up expenses or hid income from the IRS & then got caught – that’s the only way you can suddenly owe a tax debt. It’s even more frustrating that he’s out trying to play the hero now.
I’m sure it was as easy as pie for him to knock down his home.NOT.
That man had the guts to stick it up the system that stuck it up him.
No lectures on how wrong he was will bother me. I know that this is what I would do, if ever a callous greedy system tried to take my place.
They can have it- but deconstructed. That’s a promise.
Uh, no Aussigranni this man was very happy to use the “callous greedy system” for his own ends. He borrowed money and didn’t pay his taxes. In other words, his misfortune is entirely of his own making. He is not only an idiot for destroying his asset, but irresponsible and greedy himself. Happy to take the cash but not accept the responsibility for it.
It was easy as pie for him to lose control. He found out he had few options to resolve this while still being able to keep everything. Some unstable angry people do this, some fly planes into IRS offices. Now that it’s over and he calmed down, he decided to call it ‘sending a message’.
And I’m sure the moment he lost control was when he tried to file for bankruptcy and he found out that he would lose his house. You don’t always get to keep your house in a bankruptcy, he would have lost his.
If everyone did this, the banks would have lost that round.
ANYONE who can defeat bureaucracy will get my vote!
Don’t even TRY to tell me that the banks/tax man don’t routinely do it to us!
So, Aussiegranni are you saying that you have no capacity to evaluate a set of circumstances based on their merit? Do you mean that anytime someone takes on the beauracracy they must be right? Would this include the man who murdered an IRS employee by flying his plane into a building recently? Its a very odd stance to take. You seem to give the impression that you are close minded and I wonder if that is true.