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April 11, 2008 at 10:52 PM #12406April 12, 2008 at 12:58 AM #185393cashflowParticipant
Thanks for posting. I think its high time the voices on the other side of this issue are heard.
Below is my comment for our congressional leaders;
This will only continue to artificially inflate the bubble markets. I urge our Congress to act RESPONSIBILY. Do not push through legislation that bails out wreckless investors, instead look at the real issues at hand and fix these loopholes in our system that allows the big guy to take advantage of the average citizen; Derivative market that should never have happened, predatory lenders with unscrupulous tactics and programs, loose lending standards, and an entire system of buying and selling real estate where the term ‘buyer’s agent’ has little meaning (conflict of interest is built into our system as agents only are rewarded by pushing buyers to higher prices-thus higher commission). I have heard here in California alot of the foreclosures happening are not in fact true hardship cases. In fact our system of Foreclosure allows people to just simply walk away from their home if they are upside down on their mortgage. These irresponsible homeowners are taking advantage of the many loopholes in the system by simply walking, buying another home at a reduced price (as prices have come down a bit), all this before anything has been noticed by the banks and put on their credit. These are the role model citizens you are proposing to bailout? How about the millions of renting constituants that have played the game the ethical and right way and continue to try and save to afford a home, while that dream just keeps getting pushed further and further away as astronomical home prices continue to be inflated? This is affecting my generation X of being able to afford a decent lifestyle as we start our families. It’s time to stand up and be heard, as this bailout helps the few on our hard earned tax paying dollar! Please let this bubble burst and the market dictate the price of a home that is back in line with incomes!
April 12, 2008 at 12:58 AM #185412cashflowParticipantThanks for posting. I think its high time the voices on the other side of this issue are heard.
Below is my comment for our congressional leaders;
This will only continue to artificially inflate the bubble markets. I urge our Congress to act RESPONSIBILY. Do not push through legislation that bails out wreckless investors, instead look at the real issues at hand and fix these loopholes in our system that allows the big guy to take advantage of the average citizen; Derivative market that should never have happened, predatory lenders with unscrupulous tactics and programs, loose lending standards, and an entire system of buying and selling real estate where the term ‘buyer’s agent’ has little meaning (conflict of interest is built into our system as agents only are rewarded by pushing buyers to higher prices-thus higher commission). I have heard here in California alot of the foreclosures happening are not in fact true hardship cases. In fact our system of Foreclosure allows people to just simply walk away from their home if they are upside down on their mortgage. These irresponsible homeowners are taking advantage of the many loopholes in the system by simply walking, buying another home at a reduced price (as prices have come down a bit), all this before anything has been noticed by the banks and put on their credit. These are the role model citizens you are proposing to bailout? How about the millions of renting constituants that have played the game the ethical and right way and continue to try and save to afford a home, while that dream just keeps getting pushed further and further away as astronomical home prices continue to be inflated? This is affecting my generation X of being able to afford a decent lifestyle as we start our families. It’s time to stand up and be heard, as this bailout helps the few on our hard earned tax paying dollar! Please let this bubble burst and the market dictate the price of a home that is back in line with incomes!
April 12, 2008 at 12:58 AM #185442cashflowParticipantThanks for posting. I think its high time the voices on the other side of this issue are heard.
Below is my comment for our congressional leaders;
This will only continue to artificially inflate the bubble markets. I urge our Congress to act RESPONSIBILY. Do not push through legislation that bails out wreckless investors, instead look at the real issues at hand and fix these loopholes in our system that allows the big guy to take advantage of the average citizen; Derivative market that should never have happened, predatory lenders with unscrupulous tactics and programs, loose lending standards, and an entire system of buying and selling real estate where the term ‘buyer’s agent’ has little meaning (conflict of interest is built into our system as agents only are rewarded by pushing buyers to higher prices-thus higher commission). I have heard here in California alot of the foreclosures happening are not in fact true hardship cases. In fact our system of Foreclosure allows people to just simply walk away from their home if they are upside down on their mortgage. These irresponsible homeowners are taking advantage of the many loopholes in the system by simply walking, buying another home at a reduced price (as prices have come down a bit), all this before anything has been noticed by the banks and put on their credit. These are the role model citizens you are proposing to bailout? How about the millions of renting constituants that have played the game the ethical and right way and continue to try and save to afford a home, while that dream just keeps getting pushed further and further away as astronomical home prices continue to be inflated? This is affecting my generation X of being able to afford a decent lifestyle as we start our families. It’s time to stand up and be heard, as this bailout helps the few on our hard earned tax paying dollar! Please let this bubble burst and the market dictate the price of a home that is back in line with incomes!
April 12, 2008 at 12:58 AM #185447cashflowParticipantThanks for posting. I think its high time the voices on the other side of this issue are heard.
Below is my comment for our congressional leaders;
This will only continue to artificially inflate the bubble markets. I urge our Congress to act RESPONSIBILY. Do not push through legislation that bails out wreckless investors, instead look at the real issues at hand and fix these loopholes in our system that allows the big guy to take advantage of the average citizen; Derivative market that should never have happened, predatory lenders with unscrupulous tactics and programs, loose lending standards, and an entire system of buying and selling real estate where the term ‘buyer’s agent’ has little meaning (conflict of interest is built into our system as agents only are rewarded by pushing buyers to higher prices-thus higher commission). I have heard here in California alot of the foreclosures happening are not in fact true hardship cases. In fact our system of Foreclosure allows people to just simply walk away from their home if they are upside down on their mortgage. These irresponsible homeowners are taking advantage of the many loopholes in the system by simply walking, buying another home at a reduced price (as prices have come down a bit), all this before anything has been noticed by the banks and put on their credit. These are the role model citizens you are proposing to bailout? How about the millions of renting constituants that have played the game the ethical and right way and continue to try and save to afford a home, while that dream just keeps getting pushed further and further away as astronomical home prices continue to be inflated? This is affecting my generation X of being able to afford a decent lifestyle as we start our families. It’s time to stand up and be heard, as this bailout helps the few on our hard earned tax paying dollar! Please let this bubble burst and the market dictate the price of a home that is back in line with incomes!
April 12, 2008 at 12:58 AM #185449cashflowParticipantThanks for posting. I think its high time the voices on the other side of this issue are heard.
Below is my comment for our congressional leaders;
This will only continue to artificially inflate the bubble markets. I urge our Congress to act RESPONSIBILY. Do not push through legislation that bails out wreckless investors, instead look at the real issues at hand and fix these loopholes in our system that allows the big guy to take advantage of the average citizen; Derivative market that should never have happened, predatory lenders with unscrupulous tactics and programs, loose lending standards, and an entire system of buying and selling real estate where the term ‘buyer’s agent’ has little meaning (conflict of interest is built into our system as agents only are rewarded by pushing buyers to higher prices-thus higher commission). I have heard here in California alot of the foreclosures happening are not in fact true hardship cases. In fact our system of Foreclosure allows people to just simply walk away from their home if they are upside down on their mortgage. These irresponsible homeowners are taking advantage of the many loopholes in the system by simply walking, buying another home at a reduced price (as prices have come down a bit), all this before anything has been noticed by the banks and put on their credit. These are the role model citizens you are proposing to bailout? How about the millions of renting constituants that have played the game the ethical and right way and continue to try and save to afford a home, while that dream just keeps getting pushed further and further away as astronomical home prices continue to be inflated? This is affecting my generation X of being able to afford a decent lifestyle as we start our families. It’s time to stand up and be heard, as this bailout helps the few on our hard earned tax paying dollar! Please let this bubble burst and the market dictate the price of a home that is back in line with incomes!
April 12, 2008 at 7:17 AM #185477svelteParticipantI’m sensing that everyone feels Congress is driving the boat. “Stop the Mortgage Bailout” and “Angry Renter” both focus on the Congress plans, not the White House plan that has lenders write down loans to 90-97% of the home’s current value.
That is every bit as much a bailout as what Congress is proposing!
April 12, 2008 at 7:17 AM #185480svelteParticipantI’m sensing that everyone feels Congress is driving the boat. “Stop the Mortgage Bailout” and “Angry Renter” both focus on the Congress plans, not the White House plan that has lenders write down loans to 90-97% of the home’s current value.
That is every bit as much a bailout as what Congress is proposing!
April 12, 2008 at 7:17 AM #185470svelteParticipantI’m sensing that everyone feels Congress is driving the boat. “Stop the Mortgage Bailout” and “Angry Renter” both focus on the Congress plans, not the White House plan that has lenders write down loans to 90-97% of the home’s current value.
That is every bit as much a bailout as what Congress is proposing!
April 12, 2008 at 7:17 AM #185441svelteParticipantI’m sensing that everyone feels Congress is driving the boat. “Stop the Mortgage Bailout” and “Angry Renter” both focus on the Congress plans, not the White House plan that has lenders write down loans to 90-97% of the home’s current value.
That is every bit as much a bailout as what Congress is proposing!
April 12, 2008 at 7:17 AM #185423svelteParticipantI’m sensing that everyone feels Congress is driving the boat. “Stop the Mortgage Bailout” and “Angry Renter” both focus on the Congress plans, not the White House plan that has lenders write down loans to 90-97% of the home’s current value.
That is every bit as much a bailout as what Congress is proposing!
April 12, 2008 at 11:08 AM #185563JasonParticipantAngryRenter.com is a project of FreedomWorks
http://www.angryrenter.com/about.php
which claims it’s not non-partisan, but like all right-wing think tanks, actually is pushing a hard right agenda. FreedomWorks is chaired by none other than Dick Armey, a champion of Reaganomics.
FreedomWorks has a very simple mission:
“FreedomWorks fights for lower taxes, less government and more economic freedom for all Americans.”
http://www.freedomworks.org/know/mission.php
This by definition is a right-wing libertarian economic point of view.
In conclusion, be sure to focus on the issues that are important to you. Don’t blindly follow a perspective that may be biased. If you believe in the right-wing libertarian point of view, no one can stop you. But if you don’t, always question the source and the motivation of the party delivering the message.
April 12, 2008 at 11:08 AM #185581JasonParticipantAngryRenter.com is a project of FreedomWorks
http://www.angryrenter.com/about.php
which claims it’s not non-partisan, but like all right-wing think tanks, actually is pushing a hard right agenda. FreedomWorks is chaired by none other than Dick Armey, a champion of Reaganomics.
FreedomWorks has a very simple mission:
“FreedomWorks fights for lower taxes, less government and more economic freedom for all Americans.”
http://www.freedomworks.org/know/mission.php
This by definition is a right-wing libertarian economic point of view.
In conclusion, be sure to focus on the issues that are important to you. Don’t blindly follow a perspective that may be biased. If you believe in the right-wing libertarian point of view, no one can stop you. But if you don’t, always question the source and the motivation of the party delivering the message.
April 12, 2008 at 11:08 AM #185611JasonParticipantAngryRenter.com is a project of FreedomWorks
http://www.angryrenter.com/about.php
which claims it’s not non-partisan, but like all right-wing think tanks, actually is pushing a hard right agenda. FreedomWorks is chaired by none other than Dick Armey, a champion of Reaganomics.
FreedomWorks has a very simple mission:
“FreedomWorks fights for lower taxes, less government and more economic freedom for all Americans.”
http://www.freedomworks.org/know/mission.php
This by definition is a right-wing libertarian economic point of view.
In conclusion, be sure to focus on the issues that are important to you. Don’t blindly follow a perspective that may be biased. If you believe in the right-wing libertarian point of view, no one can stop you. But if you don’t, always question the source and the motivation of the party delivering the message.
April 12, 2008 at 11:08 AM #185614JasonParticipantAngryRenter.com is a project of FreedomWorks
http://www.angryrenter.com/about.php
which claims it’s not non-partisan, but like all right-wing think tanks, actually is pushing a hard right agenda. FreedomWorks is chaired by none other than Dick Armey, a champion of Reaganomics.
FreedomWorks has a very simple mission:
“FreedomWorks fights for lower taxes, less government and more economic freedom for all Americans.”
http://www.freedomworks.org/know/mission.php
This by definition is a right-wing libertarian economic point of view.
In conclusion, be sure to focus on the issues that are important to you. Don’t blindly follow a perspective that may be biased. If you believe in the right-wing libertarian point of view, no one can stop you. But if you don’t, always question the source and the motivation of the party delivering the message.
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