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We are not going bonkers about how great she is bro. Lets get that straight. We are going bonkers b/c we all know (even you) that she is in way over her head.
Doesnt she have the exact qualifications of Bill Clinton? Governor of a small state? Where was his international experience?
what i am wondering here is, if this is all messed up as you say, how is the government getting into it going to solve the problem and worse how do the taxpayers who are responsible with their payments benefit by being sucked into this mess?
The only way the banks can get part of the "profit" is if the banks go on record as being part "owner" of the property on record. Banks owning direct properties and becoming landlords go against banking 101, and the laws on banking. Then when banks own 10% of all of the properties in this country, the liberals will then be blaming the banks for controlling property valies, and the liberals will then blame Republicans for allowing the Democrats to push such a stupid law through the books.
Government causes the problem, does not create the solution.. This is one more example of this..
Banks already hold an interest in the property. Value is determined by the buyer and seller. Property is only worth what a buyer will pay and what a seller is willing to accept. The Bank appraisers determine value based on recent prior sales conducted at arms length, as close to the subject property as possible in age, features, condition and location.
Doesnt she have the exact qualifications of Bill Clinton? Governor of a small state? Where was his international experience?
She's got no common sense from what I can tell. I'm not the only one who feels this way. Clinton also went to Oxford and spend some time in Europe. That should cover the international experience. Can't say the same for Palin.
Biden wants us all to pay for people who overbought homes?
Quote:
Originally Posted by pghquest
Ok, Biden wants to lower principle values for people who cant afford their mortgages. This means that those who do pay thier mortgages will have higher fees, and higher interest rate to pay for those who bought more then they could afford.. Why do people think this is ok?
Bush and his treasury secretary want us to pay off the speculators who drove Wall St to ruin.
She's got no common sense from what I can tell. I'm not the only one who feels this way. Clinton also went to Oxford and spend some time in Europe. That should cover the international experience. Can't say the same for Palin.
haven't we had the who is more educated arguments before? bush graduated harvard, enough said.
what i am wondering here is, if this is all messed up as you say, how is the government getting into it going to solve the problem and worse how do the taxpayers who are responsible with their payments benefit by being sucked into this mess?
You benefit through solutions that allow homeowners to continue making payments to financial institutions. Your city benefits by continuing to see a healthy influx of taxes paid on properties and into the local tax base. It's not called a consumer Economy for no reason. The Government seeing and recognizing the problems lends confidence to the Global financial Markets who hold an equity interest via bonds, notes and securities, and would like to know that the US can pay it's debt for the Wars they've helped finance.
Banks already hold an interest in the property. Value is determined by the buyer and seller. Property is only worth what a buyer will pay and what a seller is willing to accept. The Bank appraisers determine value based on recent prior sales conducted at arms length, as close to the subject property as possible in age, features, condition and location.
Banks hold an interest in the note secured by the property, not the property itself. As a realtor, you should know this..
homeowners can pay taxes in the smaller homes that they can afford just as easily as staying in the big houses they could not afford. if you think that after seeing all this publicity that other countries are going to just go back to trusting us that is unreasonable. the horse is out of the barn. we offer them a decent product and they will buy it. this bailout bill is smoke and mirrors at the expense of american workers.
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Biden wants us all to pay for people who overbought homes?
