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.
Benson tell the people that I see everyday that their impending foreclosures are not related to their unemployment. If they had their jobs, their mortgages would be current.
The Reatards still miss the point. We are in a DEPRESSION Dumbasses and they are trying to pass out the skittles hoping everything magically returns back to normal! The Assheads on Brownstoner is worried about the home prices when there is a worldwide global meltdown!!
This thing is bigger than Obama and quite frankly I don’t see how he’s going to fix this mess. Real Estate is OVER OVER OVER! It’s just a matter of time before the contagion engulfs New York City! Keep dreaming retards and continue to suck down the skittles…
U.S. Michigan Consumer Sentiment Index Fell to 56.2 (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahM2dbtAi_Ps&refer=home
The longest recession since 1982, including the loss of 3.57 million jobs, is damping Americans’ spirits, prompting them to curtail spending. Congress yesterday moved toward passage by the end of this week of a $789 billion economic stimulus plan that would cut taxes, extend unemployment benefits and expand federal spending on roads and other infrastructure.
Team Bear Have a great Weekend and to the rest of the retards suck it well..
The What (Obama is looking to buy at the Toren)
Someday this war is gonna end…
benson –
I don’t believe that I put words in your mouth. I was responding to quotes like the following:
“Couldn’t agree more – they need to let the foreclosures occur and for the system to cleansed.”
… which was not something you said. I don’t think you’re sitting back and advocating blanket failure, so my “FU” didn’t apply to you.
In fact, I haven’t even expressed what my actual opinion is on the bailout, so you don’t even know whether I disagree with you or not. I only expressed an opinion regarding people making blanket statements that we should just let all of the foreclosures happen.
Fetishing home ownership was one of Bush’s programs. It worked too well- how many times have renters been denigrated even here on Brownstoner? Now, when millions of people climbed onto the Bush bandwagon of homeownership (and look how much money the RE markiet and banks made off of them) when the economy collapses, we want to punish those lowest on the totem pole? Sorry- I’m with CWB.
The powers-that-be acted far more irresponsibly than some lower income schnook who was led to believe that he was doing the right thing for his family.
“absolutely 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.
*r*”
But you are perfectly fine with not paying your student loans???!!! By not paying you are likely to be making it more costly for students to get loans now, if not less likely for them to get any loans at all. Someone is paying for your loan if you aren’t. You have no reason to be outraged. You have admitted to spending money on games rather than paying your loan — why are you so special?
CWB;
It seems to me that you are more interested in establishing your superior moral credentials, rather than debate the issue.
As such, I have nothing further to say to you on this matter except this: don’t put words in my mouth.
Rob – if you can’t pay your student loans it looks like you need to move somewhere cheaper so you can.
Why should I subsidize you so you can enjoy life in Park Slope.
Move to Bushwick moron with the rest of the young educated losers in this city.
“We have to stop fetishing home ownership. If you can’t afford your home/your mortgage — a liability – you need to sell. I don’t care why. Job loss, medical, dumb moves. It doesn’t matter. If you can’t afford it today, you won’t be able to afford it next year either. This economy isn’t going to turn around that quickly. Sell. Pay off your credit cards. Move on. The question, “How can we help them keep their home?” is not the right question. How can we get them back on their feet? That’s the real question and the answer is to sell their home.”
Ringo;
Excellent!!! This deserves “Quote of the Month”, IMHO.
benson –
If you have a differing opinion that doesn’t include plunging tens of thousands of good, honest, hard-working people into poverty, then I’m perfectly happy to entertain it in a pleasant and open manner.
If your opinion is “just let everyone be foreclosed on because whatever, it’s not me, and the system needs to be cleaned out” — which was essentially what a couple of early posts in this topic said — then I stand by my statement.