Why the negativity towards a bailout

[raptorduck]

Because the bailout rewards irresponsible and unreasonable behavior. Because it rewards people for living beyond their means. And because it punishes those who were financially responsible and live within their means in that those folks get nothing. From the governments perspective, they need nothing because the government does not reward smart choices.

Heck, I know somebody today who is about to buy a home with 100% financing. They even want the developer to pay their closing costs because the have absolutely no cash. Why shouldn’t they, the government will bail them out if they get into trouble. Heck, it is basically free rent. Way to incentivize folks uncle Sam.

Don’t forget the bailout is more of a banking system mitigation, and it was those banks that loaned all that money to people who had no business borrowing it.

Our government rewards stupid choices. It is the American way. Lots of government programs are stupid choice social welfare programs.

[Coronita]

Alex Angel,

I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Alex Angel,

I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Alex Angel,

I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Alex Angel,

I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Alex Angel,

I think 100% financing is a great financial vehicle for some people. In fact, have you considered it yourself? Now's a good time to buy in Carmel Valley. Afterall, you do realize that the auction for those apartment->townhome converts in the Heights all sold out in front of a crowd of 400+people, where people paid $400k+ for 2bedroom places. Clearly, Carmel Valley is immune to any price implosion, and you'd better buy now otherwise you'll be locked out forever….Especially as the dollar keeps depreciating against other currencies, this will make real estate look cheap to all the rich foreign investors carrying Euros, Wons, Ren-min-bi, NT$, heck even the Canadian and Aussie dollar, and the fake U.S. dollars that North Korea keeps manufacturing. Also, keep in mind, inflation is spirially out of of hand, so you'll be able to save less and less moving forward as your basic needs will increasingly go up in price. Take a look at gas, it's approaching $4/gal. You better act now and secure your 100% financed loan for a place in Carmel Valley while you can or risk being locked out forever. These prices are incredible right now. And though interest rate is slightly higher than before, interest rate has historically never been so low. Besides don't worry about what you hear on the news about foreclosures and asset depreciation. It just doesn't happen in Carmel Valley. Take out that teaser loan…You'll get the raise you're expecting in 10-20years, and plus if you sign up for some of those option arms, you can make the minimum payments that negatively amortizes you until you can afford to make the expected monthly payments. You need a place, you deserve a place. And dog gonnit, you earned it.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[jpinpb]

Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.

[jpinpb]

Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.

[jpinpb]

Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.

[jpinpb]

Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.

[jpinpb]

Thank you pnilesh and raptorduck. If people want to take risks and gamble w/finances w/ the expectation of great financial reward, that’s fine. Except if there are financial losses the government/taxpayers should not help them. Just b/c I’m conservative and frugal, I decided not to do a 5 YIO ARM, as much as I wanted a house. My tax dollars bailing out someone w/a house they can’t afford is the equivalent of punishing me for not being stupid.

[CardiffBaseball]

Raptor that was all well thought out, however the original poster basically posts something like this thread and disappears. No exchange of ideas, give and take, present your viewpoint, listen to his. He’s already been called a troll on this thread, and that’s for past indiscretions.

However, maybe it will be different this time? The audacity of hope.

[CardiffBaseball]

Raptor that was all well thought out, however the original poster basically posts something like this thread and disappears. No exchange of ideas, give and take, present your viewpoint, listen to his. He’s already been called a troll on this thread, and that’s for past indiscretions.

However, maybe it will be different this time? The audacity of hope.

[CardiffBaseball]

Raptor that was all well thought out, however the original poster basically posts something like this thread and disappears. No exchange of ideas, give and take, present your viewpoint, listen to his. He’s already been called a troll on this thread, and that’s for past indiscretions.

However, maybe it will be different this time? The audacity of hope.

[CardiffBaseball]

Raptor that was all well thought out, however the original poster basically posts something like this thread and disappears. No exchange of ideas, give and take, present your viewpoint, listen to his. He’s already been called a troll on this thread, and that’s for past indiscretions.

However, maybe it will be different this time? The audacity of hope.

[Author]

Posts