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No one here is pointing fingers and blaming those who lost their homes due to lost jobs.. But, that does not mean that I'm responsible because you lost your job.. PERIOD.. Sorry, I lost my job 5 years ago, I became self employed, it works.. not for everyone but thats an option. I guess I should have just cried that I lost my job and you would have written me a check?
Yes there are people pointing fingers at those who had to foreclosed or lost thier homes. Not everyone is equipped to be self employed, not every has the education or job skills to change careers. But that is neither my point what Im saying is there are other factors that come into play as to why people are losing homes. Not everyone is greedy and buying homes they cant afford, at one time they could, theri credit rating dropped or whatever reason why they couldnt refinance. No one is sayign lets write a check, but everyone is saying there has to be something done. Either way taxpayers are paying for it...either through the economic crisis, lost of stock values, home depreciation, higher food and utilities costs, more people going on sec.8, schools cutting back on education funding, activities etc....Some of you on here make it seem like people are purposely going out and spending out of their means. Yes it does happen but to lump all homeowners in that category is just wrong. No matter how you look at it we all are going to pay one way or another...just that you need to figure out if you want it to be corporate, Government or the helping out fellow Americans.
Yes there are people pointing fingers at those who had to foreclosed or lost thier homes. Not everyone is equipped to be self employed, not every has the education or job skills to change careers. But that is neither my point what Im saying is there are other factors that come into play as to why people are losing homes. Not everyone is greedy and buying homes they cant afford, at one time they could, theri credit rating dropped or whatever reason why they couldnt refinance. No one is sayign lets write a check, but everyone is saying there has to be something done. Either way taxpayers are paying for it...either through the economic crisis, lost of stock values, home depreciation, higher food and utilities costs, more people going on sec.8, schools cutting back on education funding, activities etc....Some of you on here make it seem like people are purposely going out and spending out of their means. Yes it does happen but to lump all homeowners in that category is just wrong. No matter how you look at it we all are going to pay one way or another...just that you need to figure out if you want it to be corporate, Government or the helping out fellow Americans.
Oh, but you are saying write a check.. Every darn time I hear the boo hoo sob stories that all americans face, people losing jobs, people losing homes, people losing insurance, people cant work because they are single parents and no one to watch their kids, etc, you do ask someone to write a check. How else do you expect the plans to be paid for unless you want someone to pay for it?
Sure, you write a check, gosh no.... but asking others to do so.. why thats completely acceptable.
You will be helped by not having your property values plummet any more than they have!
You're bailing out the wealthy AND NASCAR so , since you are in the UNITED States what is so horribly wrong with helping the NON-wealthy FOR A CHANGE!!!!!???????
Last time I checked the US was a capitalist Democracy. What you advocate is Communism at the worst and Socialism at a minimum. That is why it is wrong.
Yes there are people pointing fingers at those who had to foreclosed or lost thier homes. Not everyone is equipped to be self employed, not every has the education or job skills to change careers. But that is neither my point what Im saying is there are other factors that come into play as to why people are losing homes. Not everyone is greedy and buying homes they cant afford, at one time they could, theri credit rating dropped or whatever reason why they couldnt refinance. No one is sayign lets write a check, but everyone is saying there has to be something done. Either way taxpayers are paying for it...either through the economic crisis, lost of stock values, home depreciation, higher food and utilities costs, more people going on sec.8, schools cutting back on education funding, activities etc....Some of you on here make it seem like people are purposely going out and spending out of their means. Yes it does happen but to lump all homeowners in that category is just wrong. No matter how you look at it we all are going to pay one way or another...just that you need to figure out if you want it to be corporate, Government or the helping out fellow Americans.
From what I have read, the main reason many people are losing their homes is because their ARMs are readjusting to the higher rate and they no longer can afford the payments. The initial lower rate was just a teaser, but they either failed to realize the rate would go higher or counted on rising home prices to help keep them afloat. I suspect these are the majority of people in trouble.
you know what is ironic about this? the state overvalues the homes to collect higher property taxes, now the federal government is going to lower prices?
you know what is ironic about this? the state overvalues the homes to collect higher property taxes, now the federal government is going to lower prices?
Actually thts a point.. the Federal Government actually is not lowering the prices, they are keeping them artificially high through the bailout process. Bidens statement does now lower the value, just what the homeowner has to pay..
that's horse pee. what they should do is extend the length of the loan. spread it out so that they will NEVER pay it off.
Quote:
Originally Posted by pghquest
Actually thts a point.. the Federal Government actually is not lowering the prices, they are keeping them artificially high through the bailout process. Bidens statement does now lower the value, just what the homeowner has to pay..
Oh, but you are saying write a check.. Every darn time I hear the boo hoo sob stories that all americans face, people losing jobs, people losing homes, people losing insurance, people cant work because they are single parents and no one to watch their kids, etc, you do ask someone to write a check. How else do you expect the plans to be paid for unless you want someone to pay for it?
Sure, you write a check, gosh no.... but asking others to do so.. why thats completely acceptable.
Yeah like my old neighbor who bought shoes and clothes and everything else and did not pay her mortgage!
I'm not apart of the problem either and it's for damn sure not my job to think of a solution of this. I just drumbed that up as I read the the jabs at my comment. If I put more time into it i'm sure I can come up with a few others. Now if I can think of this I'm sure the banks have thought of it. The question is why aren't they trying to resolve this without the gov't and the tax payers.
Why isn't the gov't demanding that the banks come up with X number of solutions and the gov't decide on what's acceptable before they (the gov't) jump head first in with OUR money?
We are in total agreement on this one. Choices would be a good thing. I just think that most politicians have a really hard time choosing between yes and no.
Can you imagine if they had to choose between A,B,C,D....
This could go on forever!
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