Didn't someone recently make a comment about nationalization of housing?
If anyone thinks this is a good thing then I would heartily disagree. Those who keep thinking that nothing can be done to stop the depreciation cycle may be correct. Yet moves like this, political incentivization programs and the likes will indeed drag the cycle out a heck of alot longer.
Death by a thousand arrows guys.
*******
Like others, this would help me bigtime. The better rate I can get and lower payment I can get, all the better. I would take it in a minute. Yet to think that this is not anything but further subsidization of the market by our government is foolish. So basically in a roundabout manner, your taxes insure more and more crap and higher limits! Hooray!
I might have come across the wrong way on my previous post…..Frankly, I don't think this would be the "right" thing do or a "good" thing to do on a global scale. But frankly, seeing how things are going, I don't foresee our government doing the right thing on anything for a long long time… So to reiterate, from a selfish perspective, it would be a "good/welcome" thing for my particular situation, as anything that helps me would be welcome. Yes, it's stinks for younger generations, and one can only hope that one day we(the nation) will wake up and realize we're a nation in deep debt.
The most frustrating aspect is I see handouts left and right…possibly for irresponsible people….. at my expense. Government encouraging arm holding arm rests, this rebate check refund, increased war spending, and so on so on. And now folks like Pelosi want to add even "more taxes" for "rich". Really rich people don't get hit with taxes. Wage slaves that make slightly above what government thinks as "middle class" but nevertheless actually have to work, pay the most taxes. So at this point, any break would be well received from a selfish perspective. I know our tax bills are going to go up significantly post 2008. Not that I even mind paying higher taxes if it was actually going towards productive solutions…But I'm sick of the government playing robin hood.
