Govt planning principal reductions

[kev374]

well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?

[Arraya]

[quote=kev374]well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?[/quote]

Which cost more? Kicking somebody out surely will not and the taxpayer will be paying for the banks losses anyway.

[Arraya]

[quote=kev374]well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?[/quote]

Which cost more? Kicking somebody out surely will not and the taxpayer will be paying for the banks losses anyway.

[Arraya]

[quote=kev374]well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?[/quote]

Which cost more? Kicking somebody out surely will not and the taxpayer will be paying for the banks losses anyway.

[Arraya]

[quote=kev374]well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?[/quote]

Which cost more? Kicking somebody out surely will not and the taxpayer will be paying for the banks losses anyway.

[Arraya]

[quote=kev374]well my point is why should the idiots who can’t make the payments stay in their home? Can’t the reduced principle be given to a new buyer with better credit instead?[/quote]

Which cost more? Kicking somebody out surely will not and the taxpayer will be paying for the banks losses anyway.

[jpinpb]

And so now we’ve come full circle again. The government is going to bend over backwards and do somersaults to bail out banks, FB and whoever stands in line, so I repeat again, if you can’t beat them, join them. If they are going to take my taxpaying dollars to bail people out, but make it harder for me to buy, well, then I’ll just get a condo w/an FHA 3% down and then default and get bailed out too.

What can they do? So my credit gets a little tarnished. They’re not going to take the house. It is clear that is a last resort and they don’t want to do it. They’ll let you live in it for a year and still negotiate w/you. It’s like Monty Hall and “Let’s make a Deal.”

It’s like a car salesman’s pitch, “What can I do to get you in that car today?” What can we do to keep you in the house.

UUUgggggghhhh. This whole thing disgusts me.

[jpinpb]

And so now we’ve come full circle again. The government is going to bend over backwards and do somersaults to bail out banks, FB and whoever stands in line, so I repeat again, if you can’t beat them, join them. If they are going to take my taxpaying dollars to bail people out, but make it harder for me to buy, well, then I’ll just get a condo w/an FHA 3% down and then default and get bailed out too.

What can they do? So my credit gets a little tarnished. They’re not going to take the house. It is clear that is a last resort and they don’t want to do it. They’ll let you live in it for a year and still negotiate w/you. It’s like Monty Hall and “Let’s make a Deal.”

It’s like a car salesman’s pitch, “What can I do to get you in that car today?” What can we do to keep you in the house.

UUUgggggghhhh. This whole thing disgusts me.

[jpinpb]

And so now we’ve come full circle again. The government is going to bend over backwards and do somersaults to bail out banks, FB and whoever stands in line, so I repeat again, if you can’t beat them, join them. If they are going to take my taxpaying dollars to bail people out, but make it harder for me to buy, well, then I’ll just get a condo w/an FHA 3% down and then default and get bailed out too.

What can they do? So my credit gets a little tarnished. They’re not going to take the house. It is clear that is a last resort and they don’t want to do it. They’ll let you live in it for a year and still negotiate w/you. It’s like Monty Hall and “Let’s make a Deal.”

It’s like a car salesman’s pitch, “What can I do to get you in that car today?” What can we do to keep you in the house.

UUUgggggghhhh. This whole thing disgusts me.

[jpinpb]

And so now we’ve come full circle again. The government is going to bend over backwards and do somersaults to bail out banks, FB and whoever stands in line, so I repeat again, if you can’t beat them, join them. If they are going to take my taxpaying dollars to bail people out, but make it harder for me to buy, well, then I’ll just get a condo w/an FHA 3% down and then default and get bailed out too.

What can they do? So my credit gets a little tarnished. They’re not going to take the house. It is clear that is a last resort and they don’t want to do it. They’ll let you live in it for a year and still negotiate w/you. It’s like Monty Hall and “Let’s make a Deal.”

It’s like a car salesman’s pitch, “What can I do to get you in that car today?” What can we do to keep you in the house.

UUUgggggghhhh. This whole thing disgusts me.

[jpinpb]

And so now we’ve come full circle again. The government is going to bend over backwards and do somersaults to bail out banks, FB and whoever stands in line, so I repeat again, if you can’t beat them, join them. If they are going to take my taxpaying dollars to bail people out, but make it harder for me to buy, well, then I’ll just get a condo w/an FHA 3% down and then default and get bailed out too.

What can they do? So my credit gets a little tarnished. They’re not going to take the house. It is clear that is a last resort and they don’t want to do it. They’ll let you live in it for a year and still negotiate w/you. It’s like Monty Hall and “Let’s make a Deal.”

It’s like a car salesman’s pitch, “What can I do to get you in that car today?” What can we do to keep you in the house.

UUUgggggghhhh. This whole thing disgusts me.

[meadandale]

[quote=SD Realtor]
Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business. [/quote]

I have an S-corp. You don’t have to explain taxes to me.

However, you tipped your hand when you said “I cannot afford to buy the home I want to buy”.

Everyone can’t afford a 3000 sq foot house and a brand new mercedes in the drive way. Does that mean that we just should rent and walk to work?

If you have a beer budget, buy beer.

[meadandale]

[quote=SD Realtor]
Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business. [/quote]

I have an S-corp. You don’t have to explain taxes to me.

However, you tipped your hand when you said “I cannot afford to buy the home I want to buy”.

Everyone can’t afford a 3000 sq foot house and a brand new mercedes in the drive way. Does that mean that we just should rent and walk to work?

If you have a beer budget, buy beer.

[meadandale]

[quote=SD Realtor]
Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business. [/quote]

I have an S-corp. You don’t have to explain taxes to me.

However, you tipped your hand when you said “I cannot afford to buy the home I want to buy”.

Everyone can’t afford a 3000 sq foot house and a brand new mercedes in the drive way. Does that mean that we just should rent and walk to work?

If you have a beer budget, buy beer.

[meadandale]

[quote=SD Realtor]
Meandale, I did not pay hundreds of thousands in taxes but I did pay around 75k when I add up all of my state andfederal taxes paid by myself and paid by my S corps and I can promise I cannot afford to buy the home I want to buy. People tend to think SS and Medicare are not taxes… except that they are, and they are effectively doubled when you have a small business. [/quote]

I have an S-corp. You don’t have to explain taxes to me.

However, you tipped your hand when you said “I cannot afford to buy the home I want to buy”.

Everyone can’t afford a 3000 sq foot house and a brand new mercedes in the drive way. Does that mean that we just should rent and walk to work?

If you have a beer budget, buy beer.

[Author]

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