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Daniel
ParticipantDaCounselor,
I can certainly understand your argument. It’s too late at this stage to worry about fairness and moral hazard. But some people are going to fume over this. I’m not even talking about “responsible renters”. I’m talking about those homeowners who bought at the top and put sizable downpayments. They will see their neighbors’ loans written off, while their downpayments vanish.
In this bizarro world we’re living in, zero-down buyers have the upper hand; 30% down buyers are screwed.
ParticipantDaCounselor,
I can certainly understand your argument. It’s too late at this stage to worry about fairness and moral hazard. But some people are going to fume over this. I’m not even talking about “responsible renters”. I’m talking about those homeowners who bought at the top and put sizable downpayments. They will see their neighbors’ loans written off, while their downpayments vanish.
In this bizarro world we’re living in, zero-down buyers have the upper hand; 30% down buyers are screwed.
ParticipantDaCounselor,
I can certainly understand your argument. It’s too late at this stage to worry about fairness and moral hazard. But some people are going to fume over this. I’m not even talking about “responsible renters”. I’m talking about those homeowners who bought at the top and put sizable downpayments. They will see their neighbors’ loans written off, while their downpayments vanish.
In this bizarro world we’re living in, zero-down buyers have the upper hand; 30% down buyers are screwed.
ParticipantVery nice speech. Excellent. I especially enjoyed the part were he says that we are responsible for the unfunded liability mess. Not the politicians, but ourselves, because we elect them. We keep clamoring for lower taxes and higher benefits, and elect those politicians who promise both (at a huge cost to future generations). We could elect stern politicians who promise higher taxes and lower benefits, but I guess we don’t do that very often…
ParticipantVery nice speech. Excellent. I especially enjoyed the part were he says that we are responsible for the unfunded liability mess. Not the politicians, but ourselves, because we elect them. We keep clamoring for lower taxes and higher benefits, and elect those politicians who promise both (at a huge cost to future generations). We could elect stern politicians who promise higher taxes and lower benefits, but I guess we don’t do that very often…
ParticipantVery nice speech. Excellent. I especially enjoyed the part were he says that we are responsible for the unfunded liability mess. Not the politicians, but ourselves, because we elect them. We keep clamoring for lower taxes and higher benefits, and elect those politicians who promise both (at a huge cost to future generations). We could elect stern politicians who promise higher taxes and lower benefits, but I guess we don’t do that very often…
ParticipantVery nice speech. Excellent. I especially enjoyed the part were he says that we are responsible for the unfunded liability mess. Not the politicians, but ourselves, because we elect them. We keep clamoring for lower taxes and higher benefits, and elect those politicians who promise both (at a huge cost to future generations). We could elect stern politicians who promise higher taxes and lower benefits, but I guess we don’t do that very often…
ParticipantVery nice speech. Excellent. I especially enjoyed the part were he says that we are responsible for the unfunded liability mess. Not the politicians, but ourselves, because we elect them. We keep clamoring for lower taxes and higher benefits, and elect those politicians who promise both (at a huge cost to future generations). We could elect stern politicians who promise higher taxes and lower benefits, but I guess we don’t do that very often…
ParticipantWelcome home, RD. Good to have you in the neighborhood.
ParticipantWelcome home, RD. Good to have you in the neighborhood.
ParticipantWelcome home, RD. Good to have you in the neighborhood.
ParticipantWelcome home, RD. Good to have you in the neighborhood.
ParticipantWelcome home, RD. Good to have you in the neighborhood.
ParticipantUnreal indeed. I’ve seen stupid things published before, but this one takes the cake. Doesn’t that paper have an editor?
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