rundown-house-0209.jpgVague 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.


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  1. Personally I would love a 4.5 interest rate too. But isn’t low interest rates what got us into this whole mess in the first place? I do believe anyone with an ARM should have them magically transformed into a reasonable 30 year rate. At what valuation I do not know.

  2. I have no problem with the stabalization, I have not really traded since january 4th. I will only trade if I see some major resistance levels broken. As for stabalization I don’t see the idiots running our treasury ever getting anything right. They can’t even do a basic tax return…

  3. HOBOKENROCKS – I’m going to go ahead and guess that there are or will be incentive packages in there for people who haven’t been foreclosed on.

    There’s not enough info out there yet to even make a judgement, and once the info IS out, I highly doubt it can be summarized as “let’s pay some people’s mortgages for them”

    In the meantime, congratulations. You made all of your payments. That probably means you have a job. So why not have some sympathy for the vast swaths of people who lost their jobs and had to choose between making house payments and feeding their kids?

  4. actually real unemployment is higher. More like 12 percent. But the real problems lay at what the government is trying to do. They should have just purchased 1 million homes at 65 percent of their peak value. Most banks take this offer and the derivatives that are associated with these homes move up in price. The stock market moves up and stabalizes as well. The banks that are still insolvent should fail and the rest will take over. The artificial floor is what they should have done. Instead they throw money everywhere but where it is needed. Dumb leading the dumber…. DUMBMOFOS

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