Anyone seen a figure on what percentage of deadbeats are illegal aliens? Just curious.
Well, whyever did I insist on buying a house I could afford when that real estate agent tried to push that “special” financing for that McMansion on me? It appears Obama thinks I should have bought the more expensive house and just quit paying for it but still be allowed to stay there anyway, geesh, too bad I cared more about what my parents thought about honor and integrity.
Ok, where do I sign up to let the government make my house payment? This is beyond stupid it is criminal.
Once this idea gets passed (which I’m afraid it will), do our insane politicians really expect that the market will fund future mortgages? Fat chance. If you eliminate the recourse for deadbeat borrowers, investors will simply find other places for their money.
On second thought...PRIVATE PLANES FOR EVERYONE!!!
Obama says Dems will allow no bail-out bill that does not let “all homeowners in trouble” to keep their homes.
I can see a revolution brewing if the Dems try to go through with this. On the corporate/banking side I can see lending come to a complete halt, the housing market fail completely. You think it’s bad now just let this thinking prevail
NO!!!
NO to FREE HOMES!!!
Me and my wife ate MACARONI AND CHEESE!
We drove 5+ year old rigs!!
With quarter tanks of gas most of the time!!
BUT WE PAID OUR MORTGAGE!!!!!!!!!!!!!!!!!!
NO!!!! to FREE HOMES!!!! PERIOD!!!!!!!!!!
Does anyone remember that on July 30, 2008, President Bush signed a $300 billion dollar house rescue bill?
It begins taking effect on October 1st.
Here is a link to refresh everyone's memory:
http://money.cnn.com/2008/07/30/news/economy/housing_bill_Bush/index.htm
Obama says Dems will allow no bail-out bill that does not let “all homeowners in trouble” to keep their homes.
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Whew!!!!! Thank God for the Dems. I may not lose the 5 houses I bought for nothing down after all. For awhile there I thought I might even lose my $500,000 main home that I was tricked into through nothing down and $20.00 per month for 6 months. They didn’t tell me there would be an adjustment. Hey, try making mortgage payments on $500,000 when you only make $25,000. It’s just not fair but the Dems are coming to the rescue. Now that housing is solved what are the dems going to do with my high grocery bills and my gas bills and I hope they don’t bail out auto companies without suspending my car payments? What’s good to fix housing should also apply to autos. I demand relief now or I’m just going to take what’s rightfully mine by force. It’s my right. /s
This has the be the single biggest welfare scam and boost to the Democratic party of all time.
First Dems MADE lenders loan to credit and income challenged individuals or lose their charter.
Then they blame Wall street, evil capitalists and Republicans for the problems.
Finally they will bail out their poor and irresponisble constituents and look like the good guys.
Wall Street, who they bad mouth in public, will love the RATS too (see Obama’s coffers)
I am not a socialist.
I am not a supporter of the homosexual agenda.
This govt. is getting out of hand. What ever happened to the free enterprise system?
Time for a revolution? Getting close.
Gee, I never bought a house because I couldn’t afford one. Silly me!
His most important statement was, “now is not the time to point fingers”. Interesting he should say that when he is up to his ears in the scandal.
Pray for W, McCuda and Our Troops
No, mine is paid for. Make them pay for theirs too or lose it!
NO BAIL OUT!
Screw the deadbeat homeowners. Socialism is only for the rich thieves that don’t participate in class warfare...
if the plan is to reset all the defaulted mortgages at market value - it seems like a good time to get into the appraisal business.