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Old 09-30-2008, 06:32 PM
 
Location: Sacramento
13,784 posts, read 23,817,529 times
Reputation: 6195

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Quote:
Originally Posted by jtur88 View Post
I'm not sure I'd want to penalize a family who bought a life-long family home, and then at retirement age needed to move for obvious reasons. They are clearly not selling thier home with profit motive, but merely to secure a home that meets with changing life circumstances. By making pay back the assistance when they become pensioners would simply place the same old burden back onto them when they can least afford it. I think it would be reasonable to excuse the obligation five years after the mortgage is fully paid, or at age 65, whichever comes first.
Add a 10 year in-the-home minimum provision for age 65 and I can agree with you here.
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Old 09-30-2008, 06:42 PM
 
Location: Albemarle, NC
7,730 posts, read 12,716,802 times
Reputation: 1505
Quote:
Originally Posted by NewToCA View Post
Add a 10 year in-the-home minimum provision for age 65 and I can agree with you here.
When are you running for Congress?
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Old 09-30-2008, 06:53 PM
 
Location: Sacramento
13,784 posts, read 23,817,529 times
Reputation: 6195
Quote:
Originally Posted by paperhouse View Post
When are you running for Congress?
I don't pander, so I'll never break into double digits. I also have a strong sense of individual responsibility associated with any support payments, so neither side of the aisle will really be too happy with me.

I have enough difficulties with my rep point to posting ratios, much less voting support...
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Old 09-30-2008, 06:58 PM
 
Location: Victoria TX
42,663 posts, read 74,305,504 times
Reputation: 36087
Quote:
Originally Posted by NewToCA View Post

I have enough difficulties with my rep point to posting ratios, much less voting support...
Close race. You're ahead of me, 6.26 to 6.44. I'm glad I never gave you one.
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Old 09-30-2008, 07:15 PM
 
1,914 posts, read 3,130,162 times
Reputation: 1086
Quote:
Originally Posted by sickofnyc View Post
That seems the correct way to get the money flowing back into the banks.
They are making this so complicated to screw us once again. You build any economy bottom up, not top down. Bush is telling us to be afraid...he's always been a fear monger. He is the total opposite of FDR and his message of nothing to fear but fear itself.

I wouldn't trust a cockroach in the hands of Paulson or any other Bush Crime Family appointee, let alone The U.S. Treasury.

This will go down in histroy as the biggest heist ever!
Who is "they"?
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Old 09-30-2008, 07:21 PM
cat
 
70 posts, read 261,443 times
Reputation: 46
So if you are near foreclosure (3 months or less) call your lender but I doubt they will renogotiate the terms on interest or payments but they will make arragements as to pay only the interest for a while.[/quote]



Thanks for the run down, but, this isn't much help if a house payment is say, $2,000 a month, and $1,900 of that is interest...
Cat
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Old 09-30-2008, 07:30 PM
 
862 posts, read 815,701 times
Reputation: 149
The rich make nothing from readjustment-700 billion for nothing is much nicer.
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Old 09-30-2008, 07:32 PM
 
862 posts, read 815,701 times
Reputation: 149
[quote=sickofnyc;5491581]That seems the correct way to get the money flowing back into the banks.
They are making this so complicated to screw us once again. You build any economy bottom up, not top down. Bush is telling us to be afraid...he's always been a fear monger. He is the total opposite of FDR and his message of nothing to fear but fear itself.

I wouldn't trust a cockroach in the hands of Paulson or any other Bush Crime Family appointee, let alone The U.S. Treasury.

This will go down in histroy as the biggest heist ever![

We should be so lucky, there are MANY more bail/hand-outs on the
way.Sub-prime is a small part of derivitive scam.
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Old 09-30-2008, 07:36 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
Quote:
Originally Posted by paperhouse View Post
Credit will dry up for the average American. Businesses will fail. But in the long run, it's better to do it now while these assets still have some inherent value.
It won't dry up forever though..just long enough to get the "bad stuff" out of the system.

Businesses will fail yes..but how many Starbucks can you realistically have within a 10 block radius ?

Those solid companies will survive. We need a cleansing.

I say let them fall.
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Old 09-30-2008, 07:37 PM
 
Location: Great State of Texas
86,093 posts, read 72,544,616 times
Reputation: 27566
[quote=Alt Dach;5496280]
Quote:
Originally Posted by sickofnyc View Post
That seems the correct way to get the money flowing back into the banks.
They are making this so complicated to screw us once again. You build any economy bottom up, not top down. Bush is telling us to be afraid...he's always been a fear monger. He is the total opposite of FDR and his message of nothing to fear but fear itself.

I wouldn't trust a cockroach in the hands of Paulson or any other Bush Crime Family appointee, let alone The U.S. Treasury.

This will go down in histroy as the biggest heist ever![

We should be so lucky, there are MANY more bail/hand-outs on the
way.Sub-prime is a small part of derivitive scam.
They say we are just in inning 2 or 3 of a 10 inning game.
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