David Saks: What's The Easiest Way to Lose Your Home ?

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

What's The Easiest Way to Lose Your Home ?

 

Gambling destroys families and lives !

 

Many foreclosures are the result of degenerate, addictive gambling !

 

Stay away from the casinos if you're struggling with your expenses !

 

Make sure that both your family and your home are your most important priorities !

 

Please don't gamble !

-David-




David Saks



Time&Temp Memphis

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Comment balloon 10 commentsDavid Saks • February 03 2015 06:30AM

Comments

In a past life, I was an analyst with a bankrutpcy law firm.  My job was getting info from clients and preparing chapter 13 budgets. 

I would estimate that 50% of the bankruptcy petitioners were in their financial mess because of gambling problems.  Most of the rest were mostly just spenders.

Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate) over 5 years ago

Good Morning David

Thanks for the post and wise advice. Have a great week.

Posted by Patrick White, Driven to bring New Yorkers home (Home Driven Realty, Inc) over 5 years ago

Well that really sucks. I am so glad Hawaii is a state that doesn't allow gambling, or lotteries. It would be awful to see that happening every day.

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) over 5 years ago

The casinos aren't gargantuan because people win, Lenn Harley . Thanks.

Posted by David Saks ((retired)) over 5 years ago

Anyone with a mortgage and family should avoid a casino like a collapsed bridge, Patrick White . Thanks.

Posted by David Saks ((retired)) over 5 years ago

Life is better without casinos, Georgie Hunter . The nefarious psychology of getting something for nothing is what keeps the roulette wheel spinning and makes one a sucker for punishment because of the crippling addiction.

Posted by David Saks ((retired)) over 5 years ago

Very sad but true David. Gambling is like drugs or abusing alcohol, many can't control themselves. Also what gets me is that the local police arrested many people in the past for doing these things now the government wants to make money by having gambling legal in just about every state.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 5 years ago

Maybe the Fed subsrcibes to the old adage, "If you can't beat 'em, join 'em", so the saying goes, Noah, if that's the Fed's intention. Wagering set a precedence south of Memphis in Tunica County and, so far, hasn't been able to cross state lines with the exception of the state lottery. Gambling is a disease. I don't gamble, and always encourage others not to because of the danger.

Posted by David Saks ((retired)) over 5 years ago

David, as with ANY addiction it is to be taken seriously and sometimes intervention is the key--no matter where it comes from. 

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) over 5 years ago

So true, Gayle. Thank you.

Posted by David Saks ((retired)) over 5 years ago

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