California Receives $700 Million in Federal Housing Aid

[Anonymous]

ca renter- how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market. They just weren’t as savvy as those in the know.

They still pay taxes, they work, they are good honest people- However not only is thier house underwater but, they are also footing the bill to bailout whom ever the govt wants to bailout and its not them.

If principle reductions were going to happen they should have already done it- BEFORE the banks got bailed-Too late now.

They aren’t walking, they like where they live, it just irks me when I hear people act like they are single handedly footing the bailout.

[patientrenter]

[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]

Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.

[patientrenter]

[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]

Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.

[patientrenter]

[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]

Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.

[patientrenter]

[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]

Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.

[patientrenter]

[quote=justsayin1964]…..how do you know that some of the people caught up in all this mess weren’t prudent? I know people who put thier savings into a home thinking that they would be priced out of the market….[/quote]

Promising to pay more money for a place to live than you can afford to pay is not responsible. Period.

[Anonymous]

I never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.

[Anonymous]

I never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.

[Anonymous]

I never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.

[Anonymous]

I never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.

[Anonymous]

I never said they couldn’t afford it.
You are correct if you are speaking to people who purchased above thier means.

[patientrenter]

[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]

I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.

I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.

[patientrenter]

[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]

I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.

I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.

[patientrenter]

[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]

I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.

I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.

[patientrenter]

[quote=justsayin1964]…You are correct if you are speaking to people who purchased above thier means.[/quote]

I can’t afford a Ferrari. I have enough money to buy one, but I can’t afford it. It sounds like what I mean when I say “can’t afford” is the same as what you mean when you say “above one’s means”.

I have more sympathy for someone who bought at the top of the market using only their own money than people who did the same thing using only other people’s money. But buying a home for more than 3x income at the height of the largest RE bubble in recorded history is worse than dumb in my books – it is irresponsible.

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