Housing Rescue Plan: For Some or For All?
Vague reports about the Obama administration’s plan in the works to help people in danger of losing their houses are starting to surface. Whether it ends up with the government subsidizing monthly payments or modifying the loans themselves, the big question, it seems to us, is whether the ultimate solution should address only those in…
Vague reports about the Obama administration’s plan in the works to help people in danger of losing their houses are starting to surface. Whether it ends up with the government subsidizing monthly payments or modifying the loans themselves, the big question, it seems to us, is whether the ultimate solution should address only those in immediate trouble or be an across-the-board relief measure. On the one hand, even if you’ve been playing by the rules and aren’t directly benefiting from a homeowner bailout, it’s still in the interest of your own property value to see fewer foreclosures and empty houses in your neighborhood; on the other hand, why should only the irresponsible and the unlucky get hand-outs? Tough stuff.
put down the crackpipe what, i think youre confusing me with someone else.
*r*
While I agree Pitbull, aren’t you the same guy who is using my tax dollars to subsidize your education, and instead of paying back the government you go out and buy video games
This plan to subsidize homes for only the people who will default is just the opposite thinking these butheads would come up with. I like Obama but if this is the best he has to offer than he is not any different than Bush. This will start a huge downtrend in our economy. Aiding only the people who have defaulted or will default will bring about more defaults. These guys are all idiots.. Republicans and democrats. Time to get Marc Faber in the white house…
“solutely disgusting that my taxes are going to subsidize people to pay their mortgages while i can barely afford to make my own rent which i make sure is ALWAYS paid and if i couldnt pay it i’d move somewhere that i could.”
You don’t have a job Assheasd! How can you pay taxes???!! You are always whining about saving money, looking for a job, etc.
To the clueless the is a subsidy for Bankers! The keep the revenue streams going on their toxic crap. The Asshead Home debtor gets to stay in their overpriced POS and the politicians get re-elected. And guess what??
Interest rates start to go up and Government starts to cut back on services. Please go give me that crap about the Fed buying long dated treasuries, they pockets are not that deep!!!
Last but not lease! What about all that Shadow Inventory??? If they start this insane program, the Asshats are going to dump that stuff on the market! That will crash housing prices and that will be Game Over. Taste the rainbow!!!!!!!!
The What (Obama will save us, right?)
Someday this war is gonna end…
rob.
pot. kettle. black.
re: your student loans & my tax dollars
yesterday.
I agree. It’s disgraceful.
I hate it when my hard earned tax dollars go to support people who either a) don’t work for a living or b) are to ignorant selfish and/or greedy to know how much they make, what they can afford, and what it means when agreeing to a loan.
Argh, I hate politicians. I think I’m starting to hate people in general.
What ever happened to personal responsibility, taking your medicine, and learning from your mistakes?
Couldn’t agree more – they need to let the foreclosures occur and for the system to cleansed. Painful as it may be, it makes no sense to spend good money for a temporary temporarily fix – modifying loans will only delay the defaults.
I’m sure glad we’re seeing so much change now!!!!
you should have voted for someone who would make rent tax deductible.