[joec]

[quote=walterwhite]loweing the principal owed strikes people as a giveaway, but somehow, interest rates just seem different. but it’s not. is it?

it’s all about the payment after all.[/quote]

Yeah, I don’t support principal reductions since people at that point can just decide if they want to walk away, but interest rates to me is different because they system is messed up currently and some folks can’t refinance as mentioned in some of the messages above.

[joec]

[quote=walterwhite]loweing the principal owed strikes people as a giveaway, but somehow, interest rates just seem different. but it’s not. is it?

it’s all about the payment after all.[/quote]

Yeah, I don’t support principal reductions since people at that point can just decide if they want to walk away, but interest rates to me is different because they system is messed up currently and some folks can’t refinance as mentioned in some of the messages above.

[joec]

[quote=walterwhite]loweing the principal owed strikes people as a giveaway, but somehow, interest rates just seem different. but it’s not. is it?

it’s all about the payment after all.[/quote]

Yeah, I don’t support principal reductions since people at that point can just decide if they want to walk away, but interest rates to me is different because they system is messed up currently and some folks can’t refinance as mentioned in some of the messages above.

[joec]

I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.

In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.

Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.

After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.

Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.

If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.

A lot of the other comments here are helpful.

[joec]

I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.

In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.

Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.

After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.

Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.

If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.

A lot of the other comments here are helpful.

[joec]

I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.

In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.

Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.

After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.

Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.

If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.

A lot of the other comments here are helpful.

[joec]

I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.

In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.

Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.

After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.

Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.

If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.

A lot of the other comments here are helpful.

[joec]

I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.

In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.

Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.

After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.

Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.

If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.

A lot of the other comments here are helpful.

[joec]

The problem with the job issue is that companies create and take away the jobs, not the government. All the outsourcing is done because it benefits the company, it’s not anything the government can control. I do agree that companies like Google or what not being able to avoid a lot of tax or pay 0 tax is insane. They do hire a lot of people who do pay taxes I guess so it’s hard to say where the government should take taxes from.

That said, a lot of companies simply don’t want to hire because hiring US workers and workers in California is expensive and a pain in the ass. It’s hard to fire people without hassles and if you can outsource for less headache, a lot of folks do and did.

Being a service and information society now, I don’t think jobs will be back to where they were ever.

Short of another WW3 (I believe there are references which state WW2 was the only reason the great depression ended), I don’t think the US is going to see another boom like the past 50 years.

Also, I don’t see why all the folks against this keep bringing up deadbeats and all that. Make it for folks who are current and it’ll benefit folks who aren’t about to default or anything and would probably put some of those dollars back in their business (we would) as well as spend a little and save a little.

A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.

[joec]

The problem with the job issue is that companies create and take away the jobs, not the government. All the outsourcing is done because it benefits the company, it’s not anything the government can control. I do agree that companies like Google or what not being able to avoid a lot of tax or pay 0 tax is insane. They do hire a lot of people who do pay taxes I guess so it’s hard to say where the government should take taxes from.

That said, a lot of companies simply don’t want to hire because hiring US workers and workers in California is expensive and a pain in the ass. It’s hard to fire people without hassles and if you can outsource for less headache, a lot of folks do and did.

Being a service and information society now, I don’t think jobs will be back to where they were ever.

Short of another WW3 (I believe there are references which state WW2 was the only reason the great depression ended), I don’t think the US is going to see another boom like the past 50 years.

Also, I don’t see why all the folks against this keep bringing up deadbeats and all that. Make it for folks who are current and it’ll benefit folks who aren’t about to default or anything and would probably put some of those dollars back in their business (we would) as well as spend a little and save a little.

A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.

[joec]

The problem with the job issue is that companies create and take away the jobs, not the government. All the outsourcing is done because it benefits the company, it’s not anything the government can control. I do agree that companies like Google or what not being able to avoid a lot of tax or pay 0 tax is insane. They do hire a lot of people who do pay taxes I guess so it’s hard to say where the government should take taxes from.

That said, a lot of companies simply don’t want to hire because hiring US workers and workers in California is expensive and a pain in the ass. It’s hard to fire people without hassles and if you can outsource for less headache, a lot of folks do and did.

Being a service and information society now, I don’t think jobs will be back to where they were ever.

Short of another WW3 (I believe there are references which state WW2 was the only reason the great depression ended), I don’t think the US is going to see another boom like the past 50 years.

Also, I don’t see why all the folks against this keep bringing up deadbeats and all that. Make it for folks who are current and it’ll benefit folks who aren’t about to default or anything and would probably put some of those dollars back in their business (we would) as well as spend a little and save a little.

A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.

[joec]

The problem with the job issue is that companies create and take away the jobs, not the government. All the outsourcing is done because it benefits the company, it’s not anything the government can control. I do agree that companies like Google or what not being able to avoid a lot of tax or pay 0 tax is insane. They do hire a lot of people who do pay taxes I guess so it’s hard to say where the government should take taxes from.

That said, a lot of companies simply don’t want to hire because hiring US workers and workers in California is expensive and a pain in the ass. It’s hard to fire people without hassles and if you can outsource for less headache, a lot of folks do and did.

Being a service and information society now, I don’t think jobs will be back to where they were ever.

Short of another WW3 (I believe there are references which state WW2 was the only reason the great depression ended), I don’t think the US is going to see another boom like the past 50 years.

Also, I don’t see why all the folks against this keep bringing up deadbeats and all that. Make it for folks who are current and it’ll benefit folks who aren’t about to default or anything and would probably put some of those dollars back in their business (we would) as well as spend a little and save a little.

A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.

[joec]

The problem with the job issue is that companies create and take away the jobs, not the government. All the outsourcing is done because it benefits the company, it’s not anything the government can control. I do agree that companies like Google or what not being able to avoid a lot of tax or pay 0 tax is insane. They do hire a lot of people who do pay taxes I guess so it’s hard to say where the government should take taxes from.

That said, a lot of companies simply don’t want to hire because hiring US workers and workers in California is expensive and a pain in the ass. It’s hard to fire people without hassles and if you can outsource for less headache, a lot of folks do and did.

Being a service and information society now, I don’t think jobs will be back to where they were ever.

Short of another WW3 (I believe there are references which state WW2 was the only reason the great depression ended), I don’t think the US is going to see another boom like the past 50 years.

Also, I don’t see why all the folks against this keep bringing up deadbeats and all that. Make it for folks who are current and it’ll benefit folks who aren’t about to default or anything and would probably put some of those dollars back in their business (we would) as well as spend a little and save a little.

A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.

[joec]

A lot of loans are already GSE owned and the whole mortgage market over the last 3-5 years was GSE so it would certainly stimulate the economy contrary to some of the non-supporters here for whatever reason.

I can understand folks not wanting ANYONE else to have any benefit (we’re selfish as a society and people that way), but this would probably end up helping you actually when you actually put real dollars in people’s pocket to spend some of.

With the limited downsides of this and the large $$ amount, I’m hoping the guv’ment does something right for once.

As sdr mentioned, try getting any time of day for anyone to bother refinancing you when you are self employed…they simply don’t want to bother and it’s a major pain the ass. We’re at 4.875 right now so not too bad, but 4% can’t hurt and never missed a payment on anything…ever.

As for renters missing out on benefits, I’ve rented my whole life till recently and you can bet as a home buyer, you spend TONS more money getting your home setup and maintained. Landscaping, window coverings, lawn mowers/trimmers, flooring, appliances, more/nicer furniture, etc…

If this passes, I could see spending on a tv, computer and car shortly 🙂

[joec]

A lot of loans are already GSE owned and the whole mortgage market over the last 3-5 years was GSE so it would certainly stimulate the economy contrary to some of the non-supporters here for whatever reason.

I can understand folks not wanting ANYONE else to have any benefit (we’re selfish as a society and people that way), but this would probably end up helping you actually when you actually put real dollars in people’s pocket to spend some of.

With the limited downsides of this and the large $$ amount, I’m hoping the guv’ment does something right for once.

As sdr mentioned, try getting any time of day for anyone to bother refinancing you when you are self employed…they simply don’t want to bother and it’s a major pain the ass. We’re at 4.875 right now so not too bad, but 4% can’t hurt and never missed a payment on anything…ever.

As for renters missing out on benefits, I’ve rented my whole life till recently and you can bet as a home buyer, you spend TONS more money getting your home setup and maintained. Landscaping, window coverings, lawn mowers/trimmers, flooring, appliances, more/nicer furniture, etc…

If this passes, I could see spending on a tv, computer and car shortly 🙂

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