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March 25, 2008 at 12:32 PM #176469March 25, 2008 at 12:38 PM #176034NavydocParticipant
So where does that leave folks who “speculated” that their home would go up in value, so they could take that teaser rate and option arm to afford a place they wouldn’t qualify for? In Claifornia I think there are a lot of these people, and they ARE actually living in the home. How do they get bailed out? I just don’t think there is enough money at the governments disposal to solve this problem.
Pehaps I’m overestimating the number of people out there like this, but I pesonally know a large number of them, so I kind of doubt it.
March 25, 2008 at 12:38 PM #176385NavydocParticipantSo where does that leave folks who “speculated” that their home would go up in value, so they could take that teaser rate and option arm to afford a place they wouldn’t qualify for? In Claifornia I think there are a lot of these people, and they ARE actually living in the home. How do they get bailed out? I just don’t think there is enough money at the governments disposal to solve this problem.
Pehaps I’m overestimating the number of people out there like this, but I pesonally know a large number of them, so I kind of doubt it.
March 25, 2008 at 12:38 PM #176391NavydocParticipantSo where does that leave folks who “speculated” that their home would go up in value, so they could take that teaser rate and option arm to afford a place they wouldn’t qualify for? In Claifornia I think there are a lot of these people, and they ARE actually living in the home. How do they get bailed out? I just don’t think there is enough money at the governments disposal to solve this problem.
Pehaps I’m overestimating the number of people out there like this, but I pesonally know a large number of them, so I kind of doubt it.
March 25, 2008 at 12:38 PM #176395NavydocParticipantSo where does that leave folks who “speculated” that their home would go up in value, so they could take that teaser rate and option arm to afford a place they wouldn’t qualify for? In Claifornia I think there are a lot of these people, and they ARE actually living in the home. How do they get bailed out? I just don’t think there is enough money at the governments disposal to solve this problem.
Pehaps I’m overestimating the number of people out there like this, but I pesonally know a large number of them, so I kind of doubt it.
March 25, 2008 at 12:38 PM #176485NavydocParticipantSo where does that leave folks who “speculated” that their home would go up in value, so they could take that teaser rate and option arm to afford a place they wouldn’t qualify for? In Claifornia I think there are a lot of these people, and they ARE actually living in the home. How do they get bailed out? I just don’t think there is enough money at the governments disposal to solve this problem.
Pehaps I’m overestimating the number of people out there like this, but I pesonally know a large number of them, so I kind of doubt it.
March 25, 2008 at 1:00 PM #176045patientlywaitingParticipantNavydoc, I know a number of people like that too. The Fed can lower interest rates all they want but when the monthly mortgage doubles (rather than triples) those homeowners will still eventually lose their houses. It’s just a matter of time.
Acetia, I’m a libertarian and voted Republican many times. The problem with Mc Cain is that he wants to stay 100 years in Iraq; and, by his own admission, Mc Cain knows nothing about the economy.
Remember Econ 101? Big government spending is depriving the private sector of needed financing. The Iraq War is a huge reason why we are entering recession.
March 25, 2008 at 1:00 PM #176394patientlywaitingParticipantNavydoc, I know a number of people like that too. The Fed can lower interest rates all they want but when the monthly mortgage doubles (rather than triples) those homeowners will still eventually lose their houses. It’s just a matter of time.
Acetia, I’m a libertarian and voted Republican many times. The problem with Mc Cain is that he wants to stay 100 years in Iraq; and, by his own admission, Mc Cain knows nothing about the economy.
Remember Econ 101? Big government spending is depriving the private sector of needed financing. The Iraq War is a huge reason why we are entering recession.
March 25, 2008 at 1:00 PM #176401patientlywaitingParticipantNavydoc, I know a number of people like that too. The Fed can lower interest rates all they want but when the monthly mortgage doubles (rather than triples) those homeowners will still eventually lose their houses. It’s just a matter of time.
Acetia, I’m a libertarian and voted Republican many times. The problem with Mc Cain is that he wants to stay 100 years in Iraq; and, by his own admission, Mc Cain knows nothing about the economy.
Remember Econ 101? Big government spending is depriving the private sector of needed financing. The Iraq War is a huge reason why we are entering recession.
March 25, 2008 at 1:00 PM #176407patientlywaitingParticipantNavydoc, I know a number of people like that too. The Fed can lower interest rates all they want but when the monthly mortgage doubles (rather than triples) those homeowners will still eventually lose their houses. It’s just a matter of time.
Acetia, I’m a libertarian and voted Republican many times. The problem with Mc Cain is that he wants to stay 100 years in Iraq; and, by his own admission, Mc Cain knows nothing about the economy.
Remember Econ 101? Big government spending is depriving the private sector of needed financing. The Iraq War is a huge reason why we are entering recession.
March 25, 2008 at 1:00 PM #176496patientlywaitingParticipantNavydoc, I know a number of people like that too. The Fed can lower interest rates all they want but when the monthly mortgage doubles (rather than triples) those homeowners will still eventually lose their houses. It’s just a matter of time.
Acetia, I’m a libertarian and voted Republican many times. The problem with Mc Cain is that he wants to stay 100 years in Iraq; and, by his own admission, Mc Cain knows nothing about the economy.
Remember Econ 101? Big government spending is depriving the private sector of needed financing. The Iraq War is a huge reason why we are entering recession.
March 25, 2008 at 2:17 PM #176075DukehornParticipantConsidering that the Fed just bailed out Bear Sterns, maybe you should worry more about what this current administration is doing.
I’m not happy about “bailing out” some of these homebuyers, but I’m less inclined to be saving investment bankers/analysts making over $200,000 in NYC.
Also, just wondering what price you put on people’s lives. How much “cost” do you associate with those 4,000 dead American soldiers and the numerous wounded besides the explicit cost of the war?
Considering the cost to date of the Iraq War is over 500 billion, I’d say that the 10 billion that Obama is offering up to save some Americans is chump change.
Feel free to disagree. As for nitwit Democrats, I’d rather have a nitwit than a moron that deliberately lied to the American people and put us in a war that’s lasted longer than WWII (though it’s technically not a war since that’s bad PR and he doesn’t want us to “sacrifice” our cushy lifestyle). Ironic, much??
March 25, 2008 at 2:17 PM #176427DukehornParticipantConsidering that the Fed just bailed out Bear Sterns, maybe you should worry more about what this current administration is doing.
I’m not happy about “bailing out” some of these homebuyers, but I’m less inclined to be saving investment bankers/analysts making over $200,000 in NYC.
Also, just wondering what price you put on people’s lives. How much “cost” do you associate with those 4,000 dead American soldiers and the numerous wounded besides the explicit cost of the war?
Considering the cost to date of the Iraq War is over 500 billion, I’d say that the 10 billion that Obama is offering up to save some Americans is chump change.
Feel free to disagree. As for nitwit Democrats, I’d rather have a nitwit than a moron that deliberately lied to the American people and put us in a war that’s lasted longer than WWII (though it’s technically not a war since that’s bad PR and he doesn’t want us to “sacrifice” our cushy lifestyle). Ironic, much??
March 25, 2008 at 2:17 PM #176430DukehornParticipantConsidering that the Fed just bailed out Bear Sterns, maybe you should worry more about what this current administration is doing.
I’m not happy about “bailing out” some of these homebuyers, but I’m less inclined to be saving investment bankers/analysts making over $200,000 in NYC.
Also, just wondering what price you put on people’s lives. How much “cost” do you associate with those 4,000 dead American soldiers and the numerous wounded besides the explicit cost of the war?
Considering the cost to date of the Iraq War is over 500 billion, I’d say that the 10 billion that Obama is offering up to save some Americans is chump change.
Feel free to disagree. As for nitwit Democrats, I’d rather have a nitwit than a moron that deliberately lied to the American people and put us in a war that’s lasted longer than WWII (though it’s technically not a war since that’s bad PR and he doesn’t want us to “sacrifice” our cushy lifestyle). Ironic, much??
March 25, 2008 at 2:17 PM #176436DukehornParticipantConsidering that the Fed just bailed out Bear Sterns, maybe you should worry more about what this current administration is doing.
I’m not happy about “bailing out” some of these homebuyers, but I’m less inclined to be saving investment bankers/analysts making over $200,000 in NYC.
Also, just wondering what price you put on people’s lives. How much “cost” do you associate with those 4,000 dead American soldiers and the numerous wounded besides the explicit cost of the war?
Considering the cost to date of the Iraq War is over 500 billion, I’d say that the 10 billion that Obama is offering up to save some Americans is chump change.
Feel free to disagree. As for nitwit Democrats, I’d rather have a nitwit than a moron that deliberately lied to the American people and put us in a war that’s lasted longer than WWII (though it’s technically not a war since that’s bad PR and he doesn’t want us to “sacrifice” our cushy lifestyle). Ironic, much??
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