Johnny I understand your question better with your more recent post. Unfortunately I am not aware of any of the details of any of the plans other then what is posted on line. I simply don’t have the time to delve into them.
I guess all I can say is that I do not feel that the government is providing what you termed an orderly revaluation of housing stock. To me the programs that have been put forth seem to fall in one of two categories, either politically motivated or totally reactionary and made to try to cushion Wall Street. As far as not putting to much of a burden on taxpayers…Well I guess that is a squishy statement right? Is that defined as less then 500B or a trillion B? Not that it matters anymore.
I think that there could have been more rational thought as to how to help find that orderly valuation then the way it has gone so far.
I don’t think I ever said I am sorry I have been renting. I don’t like renting, but I am not sorry. It just sucks that more of my tax money will be used to finance a beauracracy that will help to insure a loan that will need to rewritten and backed by the FHA.
