California plans $2-billion program to help distressed homeowners

[CA renter]

[quote=EconProf]Renters saving up to buy a home should be furious at their government for this. Their own taxes are being used to keep them from buying their first house. I love the part describing the program: “By keeping cheap foreclosed properties from reaching the market the program could give a boost to home values in general.”[/quote]

We renters have been furious for a long time. This is just the most recent “bailout” that is designed to keep us out of the housing market, or force us to overpay for housing. And yes, it’s our tax money that’s being used to keep housing at unaffordable levels.

This is why some of us have been so bitter about all the bailouts (trillions of dollars). They were designed, from day one, to prop up banks (and FBs, by default)…all at the expense of future buyers.

[Coronita]

I keep telling you folks..Spend spend spend like there’s no tomorrow… But you fiscally prudent folks just don’t listen to me…..Well, I’ll say it again. Spend spend spend like there’s no tomorrow. Because at this rate, their won’t be…Here’s what your future holds

a) you will be filthy rich and the taxes you pay will be peanuts

OR

b) you will be dirt poor, getting subsidies left and right

OR

c) you will be an “average” person that is paying taxes up the yahzoo to support (a) and (b), in which you get no help, no handouts,etc.

I’m not going to be (a), so I might as well target being (b), since I ain’t going to be (c)…Go buy a house with a fixed rate loan on what will soon become a devalued dollar.

[Coronita]

I keep telling you folks..Spend spend spend like there’s no tomorrow… But you fiscally prudent folks just don’t listen to me…..Well, I’ll say it again. Spend spend spend like there’s no tomorrow. Because at this rate, their won’t be…Here’s what your future holds

a) you will be filthy rich and the taxes you pay will be peanuts

OR

b) you will be dirt poor, getting subsidies left and right

OR

c) you will be an “average” person that is paying taxes up the yahzoo to support (a) and (b), in which you get no help, no handouts,etc.

I’m not going to be (a), so I might as well target being (b), since I ain’t going to be (c)…Go buy a house with a fixed rate loan on what will soon become a devalued dollar.

[Coronita]

I keep telling you folks..Spend spend spend like there’s no tomorrow… But you fiscally prudent folks just don’t listen to me…..Well, I’ll say it again. Spend spend spend like there’s no tomorrow. Because at this rate, their won’t be…Here’s what your future holds

a) you will be filthy rich and the taxes you pay will be peanuts

OR

b) you will be dirt poor, getting subsidies left and right

OR

c) you will be an “average” person that is paying taxes up the yahzoo to support (a) and (b), in which you get no help, no handouts,etc.

I’m not going to be (a), so I might as well target being (b), since I ain’t going to be (c)…Go buy a house with a fixed rate loan on what will soon become a devalued dollar.

[Coronita]

I keep telling you folks..Spend spend spend like there’s no tomorrow… But you fiscally prudent folks just don’t listen to me…..Well, I’ll say it again. Spend spend spend like there’s no tomorrow. Because at this rate, their won’t be…Here’s what your future holds

a) you will be filthy rich and the taxes you pay will be peanuts

OR

b) you will be dirt poor, getting subsidies left and right

OR

c) you will be an “average” person that is paying taxes up the yahzoo to support (a) and (b), in which you get no help, no handouts,etc.

I’m not going to be (a), so I might as well target being (b), since I ain’t going to be (c)…Go buy a house with a fixed rate loan on what will soon become a devalued dollar.

[Coronita]

I keep telling you folks..Spend spend spend like there’s no tomorrow… But you fiscally prudent folks just don’t listen to me…..Well, I’ll say it again. Spend spend spend like there’s no tomorrow. Because at this rate, their won’t be…Here’s what your future holds

a) you will be filthy rich and the taxes you pay will be peanuts

OR

b) you will be dirt poor, getting subsidies left and right

OR

c) you will be an “average” person that is paying taxes up the yahzoo to support (a) and (b), in which you get no help, no handouts,etc.

I’m not going to be (a), so I might as well target being (b), since I ain’t going to be (c)…Go buy a house with a fixed rate loan on what will soon become a devalued dollar.

[Anonymous]

At least we found something we can all agree upon!

This nonsense has to end.

[Anonymous]

At least we found something we can all agree upon!

This nonsense has to end.

[Anonymous]

At least we found something we can all agree upon!

This nonsense has to end.

[Anonymous]

At least we found something we can all agree upon!

This nonsense has to end.

[Anonymous]

At least we found something we can all agree upon!

This nonsense has to end.

[jpinpb]

We really gets me is how this State is a fiscal disaster and we are having to cut everything, schools, etc., but yet we find 2 billion to throw at real estate.

[jpinpb]

We really gets me is how this State is a fiscal disaster and we are having to cut everything, schools, etc., but yet we find 2 billion to throw at real estate.

[jpinpb]

We really gets me is how this State is a fiscal disaster and we are having to cut everything, schools, etc., but yet we find 2 billion to throw at real estate.

[jpinpb]

We really gets me is how this State is a fiscal disaster and we are having to cut everything, schools, etc., but yet we find 2 billion to throw at real estate.

[Author]

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