I heard there are some non-spicifics out today. nothing solid yet. it seems there will be an attempt to help somewhere between 3 and 14 million people keep their homes.
bottom line here, if you bought a house for 150K and the guy next door to you bought a home for 150k and you are making your payments on time and the neighbor isnt, then he is going to get a check from the gubbermint and you are going to get bupkus.
both of you keep your home, but you pay for yours....and his.
this is the heart of the Obama plan. It is the heart of liberalism.
and it stinks.
My family is in a postion to possibly loose our home. Ferd, we're working with "Loss Mitigation" to prevent it (have been for months now). Things began to spiral out of control around the time my mother got sick and passed away. She didn't have health insurance and the cost of trying to help her with medical bills and pay for her funeral was a tramendous blow to our finances. So far to prevent my family from being homeless and to save our credit we'll have to nearly pay double our mortgage. We are tax payers too. Nearly all of those in this position are tax payers Ferd. The bank certainly doesn't want the property, they can't sell it. It would sit vacant and my neighbor would hate to have a vacant house bringing down his property's value. We, the tax payers, voted for a Presdient who will use our tax dollars to try to save our homes and communities so that our families aren't on the street. Those tax dollars will serve us better than a tax giveaway to some massive corporation who'll just invest in the Chinese economy.
Of course...I know you could care less, it rubs your ideology the wrong way. Certainly some "charity" should take us in like vagrants in your shanty town dream of the American way.
Ferd, I know a pastor who is about to loose his home and is seriously thinking about moving into the church. You make it sound like people are a bunch of bums. We're people dude. And we all have a story to tell. Many of us encountered some hardship along the way in the middle of a sinking economy and our finances just couldn't take it.
My family is in a postion to possibly loose our home. Ferd, we're working with "Loss Mitigation" to prevent it (have been for months now). Things began to spiral out of control around the time my mother got sick and passed away. She didn't have health insurance and the cost of trying to help her with medical bills and pay for her funeral was a tramendous blow to our finances. So far to prevent my family from being homeless and to save our credit we'll have to nearly pay double our mortgage. We are tax payers too. Nearly all of those in this position are tax payers Ferd. The bank certainly doesn't want the property, they can't sell it. It would sit vacant and my neighbor would hate to have a vacant house bringing down his property's value. We, the tax payers, voted for a Presdient who will use our tax dollars to try to save our homes and communities so that our families aren't on the street. Those tax dollars will serve us better than a tax giveaway to some massive corporation who'll just invest in the Chinese economy.
Of course...I know you could care less, it rubs your ideology the wrong way. Certainly some "charity" should take us in like vagrants in your shanty town dream of the American way.
Ferd, I know a pastor who is about to loose his home and is seriously thinking about moving into the church. You make it sound like people are a bunch of bums. We're people dude. And we all have a story to tell. Many of us encountered some hardship along the way in the middle of a sinking economy and our finances just couldn't take it.
Bro. In 1985 my family lost everything. the truck we owned that was paid for and the bank couldnt take broke down on the drive from Louisiana to Dallas Texas where we were moving to. We had to sell the truck because we couldnt afford to pay for the repairs.
we lost a 3800 sq ft home and moved into a 750 sq ft appartment.
you dont have a monopoly on struggle. My "ideology" isnt built on theory.
__________________ If I do something stupid blame the Lortab!
Bro. In 1985 my family lost everything. the truck we owned that was paid for and the bank couldnt take broke down on the drive from Louisiana to Dallas Texas where we were moving to. We had to sell the truck because we couldnt afford to pay for the repairs.
we lost a 3800 sq ft home and moved into a 750 sq ft appartment.
you dont have a monopoly on struggle. My "ideology" isnt built on theory.
The only help that I could support would be the restructuring of bad loans and predatory terms that people have allowed themselves to get locked in.
This seems to reward those that were spending money like drunk sailors and not setting reasonable budgets for future consequences of the sub-prime loans. In other words, those that were buying homes with wild abandonment are being bailed out by those who were conservative and stayed within their means.
Why can't those who were good money managers be rewarded also by having the government lower their mortgage balance and payments too?
Wouldn't that be the fair thing to do?
__________________ Words: For when an emoticon just isn't enough.
Dad was a farmer. we lost the farm....the house, the car, you name it we lost it. We moved to dallas and my dad who had been President of beauregard Farm Bureau and a State Board member... meeting regularly with the governor and such, took a job as a handiman in an appartment complex.
I had a front row seat watching my parents work their way out of that mess to rebuild their lives without leaing on any govenment to do it.
Bro. I am not compassionless for people who are in a mess. but I do not believe that when the governement steps in, it is really a help.
We had to move 350 miles away. I lost every friend I ever had. But we did what we had to do to make our own way.
__________________ If I do something stupid blame the Lortab!
I honestly dont believe any government spending can be handled correctly. I firmly believe that spending fails to deal with the core issues.
we will see. but my view here is that Obama realizes that time is the thing that will cure the economy. He realizes that this was his chance to package a bunch of his ideology and make it law. Calling it stimulus gets it passed.
in the end the economy will recover and he will take credit. All he will have done will be to suck a bunch of money out of the real economy and then hand that money to other folks he wants to have it.
moving a card from one location to another doesnt create a new deck of cards.
The government does not have any money.
The only way the government can give money to one person is to take it from another person.
Dad was a farmer. we lost the farm....the house, the car, you name it we lost it. We moved to dallas and my dad who had been President of beauregard Farm Bureau and a State Board member... meeting regularly with the governor and such, took a job as a handiman in an appartment complex.
I had a front row seat watching my parents work their way out of that mess to rebuild their lives without leaing on any govenment to do it.
Bro. I am not compassionless for people who are in a mess. but I do not believe that when the governement steps in, it is really a help.
We had to move 350 miles away. I lost every friend I ever had. But we did what we had to do to make our own way.
Odds are I wouldn't qualify for help because I don't have an ARM. I just hope this slows things down enough for us to make a decent deal we can afford.
You know...if all this "socialism" is as bad as you say it is...you have to admit...the Bush Administration was the greatest blessing the socialists could have gotten. They can only take power like this if things are mismanaged this badly.
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Re: Obama Signs $787 Billion Stimulus Package
Quote:
Originally Posted by Mr. Steinway
This seems to reward those that were spending money like drunk sailors and not setting reasonable budgets for future consequences of the sub-prime loans. In other words, those that were buying homes with wild abandonment are being bailed out by those who were conservative and stayed within their means.
Why can't those who were good money managers be rewarded also by having the government lower their mortgage balance and payments too?
Wouldn't that be the fair thing to do?
Sounds fair to me. There are those like Aquilla who has fallen on bad times because of circumstances but too many are there because of greed. If we help them they will just over indulge again. Too many people are professional welfare precipitants expecting more and more from the government which is you and I. Taxes are going up here in Ca. to absorb any stimulus benefits.
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