FHA limit increases

[Raybyrnes]

kev374

“I was trying to show was the ridiculous statement in the article that raising the limit is helping struggling subprime borrowers.”

I can appreciate that. I can also see how many will argue the only solutiuon for a borrower in this situationis to take the foreclosure and walk away.

But when you are in that situation and you are looking at a mortgage payment of 2000 going to 3000 and the government steps in aand says “hold on we are going to help you.” That payment is only going to adjust from 2000 to 2300 and it is going to fixed for the life of the loan even though you are a poor saver and have crap credit. I can see how people in that situation would look favorably on this.

I don’t like it because it is an illusion of wealth. People seem to be OK in that house but their balance sheets clearly demonstrate they are in over their head.

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[(former)FormerSanDiegan]

Meanwhile I am stuck waiting the insanity out getting peppered by my friends and parents for not buying.

Are they still peppering you today ?

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[Raybyrnes]

Yup! You see it is still hard for my parents to not look at their situation and apply it to their children today.

Additionally they have the money to give to us. So if we were all spoiled and reliant upon my parents we would all just take the money and spend it.

I tell them I am saving through a 529 plan and their response is that they never used this and they paid for all of our schooling. My response is that if they paid to educate us then wouldn’t they be disappointed if I didn’t learn a thing or 2 that might make things easier in the future.

I came from an Irish family. The donkey is a tough beast to train.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[NotCranky]

“Don’t really see the problem here. What they should also do is attach an inflation rider to the limits that should be reset yearly rather than having to review these during crisis situations.”

I see it differently. They are paving the way to make sure inflation doesn’t stay in the pocket of homedebtors but makes it back up the food chain to to the people who inflated the bubble in the first place. This is all part of the engineered “softer” landing. That ship that is big and hard to turn around. They are working on it.

[Author]

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