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By your account, every liberal who becomes a taxpayer turns conservative. That would mean that the millions of liberal voters are not yet taxpayers. Does that sound logical to you? I think not.
I would say the a great % of liberal voters fall into the following classification:
1) Immigrants whose origins are not from 1st world societies
2) Public sector workers
3) Welfare careerists
4) Those who do not own property (i.e. younger persons living in parent's house)
In other words, those who do not gain from a capitalist system of government, or have limited exposure to such culture.
4) Those who do not own property (i.e. younger persons living in parent's house)
I would challenge this considering that many people who felt like "victims" in subprime are still homeowners for a little while longer, likely liberal voters in a minority group. Then again, when your mortgage costs more than the house, I don't really classify these people as property owners.
How do you justify Bush and McCain's support of FHASecure and coaxing the Fed for more cheap money, stealing from savers surreptitiously through a loss in purchasing power instead of a more honest approach such as taxation? Is it ok to support increased subsidization and government assistance when it comes to homeownership as opposed to helping the poor? Not that I support either, but I'm always curious on how a "conservative" justifies government interference on the free market for the good of the upside down overindebted homeowner.
There have been many successes of late where, due to decline in values, a property owner owes more than current market value - where the lender has agreed to reduce the loan to market value - and they the owner was able to convert the existing loan (often an ARM) to a fixed rate or, refi'd into another loan with a fixed interest rate (under 6%). Some of the refi's have been the FHA Secured - some have been straight FHA's.
Keeping people in their homes is good for the community.
I would challenge this considering that many people who felt like "victims" in subprime are still homeowners for a little while longer, likely liberal voters in a minority group. Then again, when your mortgage costs more than the house, I don't really classify these people as property owners.
How do you justify Bush and McCain's support of FHASecure and coaxing the Fed for more cheap money, stealing from savers surreptitiously through a loss in purchasing power instead of a more honest approach such as taxation? Is it ok to support increased subsidization and government assistance when it comes to homeownership as opposed to helping the poor? Not that I support either, but I'm always curious on how a "conservative" justifies government interference on the free market for the good of the upside down overindebted homeowner.
I agree. I think such support frankly sucks. There is not one right thinking individual on any level of government that has a rational solution in this regard. Of course, my solution would be to simply say to the deed holders currently in default: "Sorry. You are on your own." See, if you are literate enough to sign the papers on closing day, you should have an awareness as to what you are reading and the parameters associated with signing those closing papers.
There have been many successes of late where, due to decline in values, a property owner owes more than current market value - where the lender has agreed to reduce the loan to market value - and they the owner was able to convert the existing loan (often an ARM) to a fixed rate or, refi'd into another loan with a fixed interest rate (under 6%). Some of the refi's have been the FHA Secured - some have been straight FHA's.
There's nothing conservative or free market about FHA. It is used as an excuse for deadbeat homeowners who are leeches on our capitalist system. Advocates hide behind a thin veil of catch phrases like "American dream" while parading this Leninist system.
Quote:
Keeping people in their homes is good for the community.
That sentence screams socialism. It's also a good sound bite from CNN and other mainstream liberal media outlets.
If someone can buy the home for pennies on the dollar, they'll have more of a stake to fix and repair the property. Upside down homeowners have no such incentive. To hell with the comps.
I would say the a great % of liberal voters fall into the following classification:
1) Immigrants whose origins are not from 1st world societies
2) Public sector workers
3) Welfare careerists
4) Those who do not own property (i.e. younger persons living in parent's house)
In other words, those who do not gain from a capitalist system of government, or have limited exposure to such culture.
My experience is that college educated people especially those with advanced degrees are much more likely to be democrats than republicans.
Let's see how I stack up using your set of criteria:
1) Immigrants whose origins are not from 1st world societies -- Nope my surname ancestors came over about 1632. The most recent immigrant in my family was my maternal grandfather who was a college grad from Scotland.
2) Public sector workers -- Not since I left the Navy in 1978.
3) Welfare careerists -- Never even drawn unemployment in my life. Approaching social security age. Does that count?
4) Those who do not own property (i.e. younger persons living in parent's house) -- My house is appraised in the low seven figures. My 30 year old son is living with me right now, but that's because it's taking him a couple of months to close on a house, since he moved back to town.
I agree. I think such support frankly sucks. There is not one right thinking individual on any level of government that has a rational solution in this regard. Of course, my solution would be to simply say to the deed holders currently in default: "Sorry. You are on your own." See, if you are literate enough to sign the papers on closing day, you should have an awareness as to what you are reading and the parameters associated with signing those closing papers.
The government is not trying to help the indebted homeowner but is trying to keep the whole sub prime system intact long enough for the important people to get their money out. Then it will be allowed to collapse. The simplest solution might be to start over by declaring a mortgage debt holiday and simply let all homeowners stop having to pay their mortgages and keep their homes for what ever they have already paid. I would also make it illegal to use these homes as collateral for any other loans.
This wouldn’t help me very much because my mortgage is nearly paid but it would certainly result in a lot of new homeowners and provide some much needed stability to the financial system.
The government is not trying to help the indebted homeowner but is trying to keep the whole sub prime system intact long enough for the important people to get their money out. Then it will be allowed to collapse. The simplest solution might be to start over by declaring a mortgage debt holiday and simply let all homeowners stop having to pay their mortgages and keep their homes for what ever they have already paid. I would also make it illegal to use these homes as collateral for any other loans.
This wouldn’t help me very much because my mortgage is nearly paid but it would certainly result in a lot of new homeowners and provide some much needed stability to the financial system.
Exactly this is more about protecting Wall Street than Main Street.
the younger generation is way more liberal today if you read opinion polls on social issues
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