I agree that personal responsibility should be upheld and that grants would be unfair to those who’ve managed to own homes by being fiscally responsible by either saving or making good financial decisions.
The big issue is that these people with low-income shouldn’t have been able to buy homes in the first place. The dream to own a home is really powerful, and a lot of lenders took advantage of that to make those dreams a reality. Sometimes emotions get the best of people, and coupled with the hope that the property will go up in value, I don’t exactly blame those poor people for signing on the dotted line. Should they get bailed out? I don’t think so.
What we really need to focus on is to figure out how people with low-income can actually afford to buy a house/condo in San Diego. It’s up to the point in San Diego where in order to be considered middle class, you have to be making over $100K. That’s just sad.
