- This topic has 185 replies, 19 voices, and was last updated 15 years, 8 months ago by
Ricechex.
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March 4, 2009 at 5:15 PM #360814March 4, 2009 at 5:18 PM #360223
sdrealtor
ParticipantYep SD R,
We’ve both been spot on calling for these unheard of heroic attempts to keep the balls in the air. Housing strikes near and dear to the American psyche and our leadership will do everything in their power to keep values from deflating. Of course, their success has been very spotty but that hasnt stopped them from trying and it never will.sdr
March 4, 2009 at 5:18 PM #360528ParticipantYep SD R,
We’ve both been spot on calling for these unheard of heroic attempts to keep the balls in the air. Housing strikes near and dear to the American psyche and our leadership will do everything in their power to keep values from deflating. Of course, their success has been very spotty but that hasnt stopped them from trying and it never will.sdr
March 4, 2009 at 5:18 PM #360671ParticipantYep SD R,
We’ve both been spot on calling for these unheard of heroic attempts to keep the balls in the air. Housing strikes near and dear to the American psyche and our leadership will do everything in their power to keep values from deflating. Of course, their success has been very spotty but that hasnt stopped them from trying and it never will.sdr
March 4, 2009 at 5:18 PM #360709ParticipantYep SD R,
We’ve both been spot on calling for these unheard of heroic attempts to keep the balls in the air. Housing strikes near and dear to the American psyche and our leadership will do everything in their power to keep values from deflating. Of course, their success has been very spotty but that hasnt stopped them from trying and it never will.sdr
March 4, 2009 at 5:18 PM #360819ParticipantYep SD R,
We’ve both been spot on calling for these unheard of heroic attempts to keep the balls in the air. Housing strikes near and dear to the American psyche and our leadership will do everything in their power to keep values from deflating. Of course, their success has been very spotty but that hasnt stopped them from trying and it never will.sdr
March 4, 2009 at 5:20 PM #360228ParticipantTime for a Save SD Realtor Telethon!
Is Jerry Lewis available?
March 4, 2009 at 5:20 PM #360533ParticipantTime for a Save SD Realtor Telethon!
Is Jerry Lewis available?
March 4, 2009 at 5:20 PM #360676ParticipantTime for a Save SD Realtor Telethon!
Is Jerry Lewis available?
March 4, 2009 at 5:20 PM #360714ParticipantTime for a Save SD Realtor Telethon!
Is Jerry Lewis available?
March 4, 2009 at 5:20 PM #360824ParticipantTime for a Save SD Realtor Telethon!
Is Jerry Lewis available?
March 4, 2009 at 5:24 PM #360238Anonymous
Guest[quote=vizcaya]The program will not help those that took out loans they knew they could not afford, even after the mortage reset. [/quote]
I haven’t found enough details yet, but I think you may be right about this. You can only be 5% underwater, and the rate is supposed to be a “market” rate (although some articles mention it can be as low at 2%).
So yes, the whole thing sucks because it’s market manipulation in favor of the irresponsible, but it does seem to be somewhat constrained. I don’t see any scenarios with deadbeats getting immediate six-figure debt forgiveness at taxpayer expense. If I’m reading it correctly, it seems that even those who benefit most from this only stand to come out ahead by a few thousand dollars a year for a few years or so. They don’t deserve it, but it could have been worse.
March 4, 2009 at 5:24 PM #360543Guest[quote=vizcaya]The program will not help those that took out loans they knew they could not afford, even after the mortage reset. [/quote]
I haven’t found enough details yet, but I think you may be right about this. You can only be 5% underwater, and the rate is supposed to be a “market” rate (although some articles mention it can be as low at 2%).
So yes, the whole thing sucks because it’s market manipulation in favor of the irresponsible, but it does seem to be somewhat constrained. I don’t see any scenarios with deadbeats getting immediate six-figure debt forgiveness at taxpayer expense. If I’m reading it correctly, it seems that even those who benefit most from this only stand to come out ahead by a few thousand dollars a year for a few years or so. They don’t deserve it, but it could have been worse.
March 4, 2009 at 5:24 PM #360686Guest[quote=vizcaya]The program will not help those that took out loans they knew they could not afford, even after the mortage reset. [/quote]
I haven’t found enough details yet, but I think you may be right about this. You can only be 5% underwater, and the rate is supposed to be a “market” rate (although some articles mention it can be as low at 2%).
So yes, the whole thing sucks because it’s market manipulation in favor of the irresponsible, but it does seem to be somewhat constrained. I don’t see any scenarios with deadbeats getting immediate six-figure debt forgiveness at taxpayer expense. If I’m reading it correctly, it seems that even those who benefit most from this only stand to come out ahead by a few thousand dollars a year for a few years or so. They don’t deserve it, but it could have been worse.
March 4, 2009 at 5:24 PM #360724Guest[quote=vizcaya]The program will not help those that took out loans they knew they could not afford, even after the mortage reset. [/quote]
I haven’t found enough details yet, but I think you may be right about this. You can only be 5% underwater, and the rate is supposed to be a “market” rate (although some articles mention it can be as low at 2%).
So yes, the whole thing sucks because it’s market manipulation in favor of the irresponsible, but it does seem to be somewhat constrained. I don’t see any scenarios with deadbeats getting immediate six-figure debt forgiveness at taxpayer expense. If I’m reading it correctly, it seems that even those who benefit most from this only stand to come out ahead by a few thousand dollars a year for a few years or so. They don’t deserve it, but it could have been worse.
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