Posted on 02/19/2009 3:29:43 PM PST by tomnbeverly
While I agree with the reason FOR protesting, I can’t go along with not paying my mortgage as a form of protest. Just because other people get free toilet paper because they can’t afford their own anymore, doesn’t mean I’m going to a month without wiping my butt.
Ping!
A very responsible home-owner co-worker called his lending institution to get some relief (he works a full-time job and a part time job and has never been late or missed a payment), and they told him they could reduce his payment by about $200 a month by giving him a 40yr mortgage instead of the 30yr he now has.
Better to withhold tax payments till the bums in DC get the message.
Permission to forward, blog and bleve through the cyberworld?
As a responsible and ethical Human Being and Husband, I can’t sign on to this proposal.
Well, good luck with that.
Yep I got it from the Msnbc blog feedback to Rick Santelli.
Yes there is somethig to be said about bad behavior but I still want to modify the letter and basically say I could have done these things so you better be careful with what policies you support and don’t support.
Obama is a miserable failure and his plan is a reward for bad behavior. He is destroying this once great nation.
But only a few sacrificial would actually have the guts to follow through, and Obama-Soros will see to it that they lose their houses as punishment.
Well sometimes you don’t have to actually do these things just modify the letter and sent to our elected officals and see if they agree with it...
In fact maybe a Great Republican Senator or Congressman would be willing to stand up for Americans and propose a Bill that REWARDS the RESPONSIBLE HOMEOWNERS like lowering all of our interest rates at a cost to the financial institutions.
or let those institituions fail.
I would do this, but we dropped Country Wide mortgage in 2003, and refinanced with a very small, very local bank which doesn’t resell mortgages, nor participate in sub-prime shenanigans. They’ve got three branches total. I can’t see any gain in hurting them. But if not for this, I’d do it.
Fat chance. Sorry.
This is a terrible idea with adverse consequences for anybody partaking in the protest of this manner.
Your credit score will be downgraded, and will remain on your credit report for 10 years.
This affects what interest rates you will be offered/charged on future purchases or credit lines.
In my view, both stimulus bills already passed are charity.
Charity to the banks, charity to the auto makers, charity to deadbeat homeowners, charity to Acorn, etc. All taxpayers - AND ONLY TAXPAYERS - should figure out what their families will end up paying to the Federal government for this and start writing it off under CHARITABLE CONTRIBUTIONS on their 1040 form. Just make sure you use TurboTax!
If you are truly responsible with your credit, you can afford 1 30 day late hit on your credit report. It could get wiped after 6 months or so. In that time frame, you could just avoid buying a big ticket item like a vehicle. Credit reports can be amended also with the explanation for why the payment was late.
Besides, what else can we do to protest? Have any better ideas?
Same with us. We had our mortgage with a very responsible bank whose rating remained 5 stars through this entire debacle. I spoke with a loan officer there just to find out what shape the bank was in and she told me they had plenty of money to lend. Our rates were always fair and they were always upfront with us, so I would not feel right in penalizing them when they weren’t part of the problem.
I absolutely agree that it’s reprehensible to reward bad behavior at the expense of those, like my wife and me, who have FORGONE the bigger houses, the flat-screen TVs, the newer cars, etc., in hopes of affording a nicer home and an additional child or two one day.
Well yes people would have to be willing to take a risk to make a point..
So your probably right not too many people are acutually principled enough to stand up for themselves taking some form of risk...
WOW wonder how we ever got this far....
/Eye Roll
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.