Speaker Hastert Touts Law Closing the Homeownership Gap for Minorities

releases.usnewswire.com ^

[jungleboy]

..."building these homes will create 33,000 new jobs"

GOP touting creation of jobs via tax-payer monies. What a sorry state of affairs :(

[c-b 1]

It is called stealing money from you, and using it to buy votes.

[patton]

Because it creates "wage slaves." Must make the mortgage, you know.

"I owe my soul to the company store..."

[skeeter]

More RINO socialism.

bttt

[Clemenza]

GOP touting creation of jobs via tax-payer monies. What a sorry state of affairs :(

Yeah at least Caeser built some outstanding aqueducts which still functioned into the 19th century with HIS public money, instead of plastic tract homes that will become run-down crack houses in ten years.

[joesnuffy]

He and the Republican Party will take the credit
the taxpayers get the bill...
SOP
Buy the votes with the workers money

From those according to their abilities to those according to their needs
K. Marx

[F16Fighter]

Hastert and his cohorts ought to pass a bill which would provide a pair of balls to each of them in the hopes of standing up to their Democratic socialist opponents.

[There's millions of'em]

This is a good program for everyone in the long run. Don't forget that we taxpayers are already paying for subsidised housing for low income folks.

Homeowners are typically more involved in their communities.

The long term economic benifits are potentially huge, or would that be hugh?

In 1975 I purchased a home and received a $2k tax credit as part of a special incentive program designed to boost the housing industry. Fresh out of the Army, I could not hace afforded it w/o that.

Take a closer look, the housing industry is one of the main engines of our economy.

Course, I could be wrong....

[YoungKentuckyConservative]

More RINO socialism. I think we're done for.

I've known we were done for for quite a while. There's only one way to step up to the tyranny we are staring at. And the people don't have the courage, the brains, or the know how. Lenin, Satlin and Marx would be proud.

[YoungKentuckyConservative]

Damn, why was I born male, white and smart?

It's difficult to be happy in America and be all three. Now, can you make yourself male, white, ANGRY and ready to FIGHT? That's the kind of American we need. Smart is only half the battle, as G.I. Joe would say.

[YoungKentuckyConservative]

Folks, the solution is painful, but obvious. Vote against all RINOs, even if it returns control to the thieves from the left--it will hurt for a couple of years, BUT then the stupid party will run conservatives for office.

There will be no more conservatives in America. The succession is complete. Read your Communist Manifesto. They've got us right where they want us. And for anyone who wishes to respons by calling me a "nut", perhaps you should read the book "None Dare Call It A Conspiracy". That sums it up.

[YoungKentuckyConservative]

OK, will somebody explain to me why it is so damned important to own a home? The federal government has subsidized it like hell since the 1940s and in my 27 years it seems as if there is some politician every few weeks or so talking about the importance of "increasing homeownership." Are landlords really that bad? I've never had any problem with mine. --- Clemenza, Proud renter since 1994.

It isn't really about owning property. It's about the government having control and direct investment in our ownership of property. The chief goal of the Communist Movement is to strip all notion of private property from the proletariat and transfer it to the government. That's what the plan is. Call me crazy, but not until you've done your own research. Check the Communist Manifesto. Check the Naked Truth. Read "None Dare Call It A Conspiracy" and then start analyzing the stories you read based on what you've researched.

[Centurion2000]

American Dream Downpayment Act (H.R. 1276) that will provide $5,000 each to low-income, first time home buyers.

WHAT THE F#$% ????? I'm sitting here busting my chops sweating bullets on interest rates and buying a house and some scumbag representative is going to just give away FREE freakin $$$$$$ so minorities get what I just went through for FREE ?????????????????????

Let them pay for it with their blood sweat and tears like the REST OF THE US does !!!!!!!!

[AdamSelene235]

OK, will somebody explain to me why it is so damned important to own a home?

It very important to the government that you become a home debtor not a home owner. It makes people more passive and obedient. It also funnels money into Government Sponsored Mortgage cartels like Fannie and Freddie who in turn provide funding for Congress Critters to get re-elected.

Grok?

[vikingcelt]

"When we got a pitch for money from the Republican Congressional Committee, I sent back the solicitation with no check, but included my feelings on a number of issues, this one included, on which I believe the Republicans are selling us out."

Good for you!!! I do the same thing. I get several of these solicitations every single week and every single week I send them back with comments everywhere. A couple of times I sent back (along with the solicitation with a great big $0 FOR YOU on it) a large sheaf of articles I had printed out about illegal immigration and the terrible things it is doing to our country. I absolutely refuse to give them money when they are selling us out and my daughter's and granddaughter's futures too.

[vikingcelt]

What they do not seem to understand and what they will never understand is that IT IS NOT THEIR MONEY TO GIVE!!!

[Kieri]

Course, I could be wrong....

You are, big time.

Apparently Hastert & Co. haven't bothered to check with Freddie Mac and Fannie Mae. Foreclosures on lower-income housing units are at an all time HIGH to the point they have to change the rules. Manufactured housing, touted as an alternative to low-income apartment rentals, is being slaughtered because so many are getting reposessed its hurting the NEW manufactured housing industry. To make matters worse, they don't pay the exhorbitant property taxes many homeowners do! In Michigan, they pay a paltry $50 year. Homeowners get soaked.

Habitat for Humanity, while well-intentioned, has a high foreclosure rate. To make matters worse, in the western states some minorities have been discovered stripping the houses for copper, fixtures, etc., to subsidize their alcoholism.

Buying a house is hard, expensive work, both before and AFTER the closing papers are signed.

Speaking of papers, I could've used that $5,000 to pay my $3200 damn closing fees on a house that will net the township a hefty tax windfall.

[stickywillie]

I agree. My wife and I own rental units, and this will make it harder to rent them because people will be buying their own houses with our money, instead of renting. And what you say about college loans...when we run credit checks on prospective tenants, we run into an inordinately high number of college loans which are going unpaid. So, now I see you, who paid off the college loan, get treated far more harshly than the dead beats who will receive the free downpayment and closing costs. Katherine Harris didn't think this one through.

[Susannah]

At least there is more "private property" available in the northern and eastern states. The following map is out of date because it doesn't include the Clinton-era land grab of the late 1990's. There are many people in western states that can't sell the home/land they are currently own to an individual.

California's governor Davis just ran an ad with people applauding a $1 million+ purchase of land from developers with state money to "preserve it." - - LOL...and meanwhile the fair housing leagues (representing the "poor") are protesting high housing costs.

[ffusco]

In Segovia, Spain the aquaduct is still providing municipal water.In Rome many fountains are using portions of the old aquaducts.