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urbanrealtor
Participant[quote=qwerty007][quote=cooprider]
What I don’t want is Obama at the reigns, spending my hard-earned money, on people that don’t deserve the help, and whatever special interest groups he caters to.
With the Community Reinvestment Act Obama helped poor and minority families get into “affordable” housing Governemnt assistance ala FNM, FMAC.
[/quote]Having lived in Europe for many years, I have first hand knowledge of the social security safety net, and there are many problems with it; not least it allows the lazy to live off the industrious, and is a tax burden. However, there will always be unemployed comprising those who either can’t or don’t want to work. Means testing the unwilling is fraught with difficulty and leaves you with a choice of whether you ignore the problem and hope it doesn’t manifest itself into a worse problem like racial tension, crime, or civil unrest, or take a gamble and hope the straddlers aren’t too many in number. Yes, it’s a given that you carry a small percentage of the population, but generally most prefer to work because it pays better.
Failure in public policy is often measured by the outcome of the next election, so it may be Obama wins by default. You may have to put up with his decisions for the next eight years, but I seriously doubt many of us are going to be seriously more worse off than with McCain at the helm. I am happy to be proven wrong.
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Best post on this thread so far. I don’t agree with it but it solid and well thought out.Participant[quote=DWCAP][quote=urbanrealtor] For example, the budget will likely reduce.
[/quote]Oh gag me. Even Obama himself doesnt make the claim that he will reduce the budget. He talks about reducing the budget being a necessity, but then goes on to say that the only way to get out of this mess is for the Federal Government to start spending more and more. Last I checked Obamas spending plan will increase the Federal Deficit by 282 billion. McCains was estimated at 211 billion. Those are just estimates, made before they take office, so will both be wrong. But either way, BOTH candidates will make the budget worse, not better.
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please see the above cartoon.Its pretty accurate.
Participant[quote=DWCAP][quote=urbanrealtor] For example, the budget will likely reduce.
[/quote]Oh gag me. Even Obama himself doesnt make the claim that he will reduce the budget. He talks about reducing the budget being a necessity, but then goes on to say that the only way to get out of this mess is for the Federal Government to start spending more and more. Last I checked Obamas spending plan will increase the Federal Deficit by 282 billion. McCains was estimated at 211 billion. Those are just estimates, made before they take office, so will both be wrong. But either way, BOTH candidates will make the budget worse, not better.
[/quote]
please see the above cartoon.Its pretty accurate.
Participant[quote=DWCAP][quote=urbanrealtor] For example, the budget will likely reduce.
[/quote]Oh gag me. Even Obama himself doesnt make the claim that he will reduce the budget. He talks about reducing the budget being a necessity, but then goes on to say that the only way to get out of this mess is for the Federal Government to start spending more and more. Last I checked Obamas spending plan will increase the Federal Deficit by 282 billion. McCains was estimated at 211 billion. Those are just estimates, made before they take office, so will both be wrong. But either way, BOTH candidates will make the budget worse, not better.
[/quote]
please see the above cartoon.Its pretty accurate.
Participant[quote=DWCAP][quote=urbanrealtor] For example, the budget will likely reduce.
[/quote]Oh gag me. Even Obama himself doesnt make the claim that he will reduce the budget. He talks about reducing the budget being a necessity, but then goes on to say that the only way to get out of this mess is for the Federal Government to start spending more and more. Last I checked Obamas spending plan will increase the Federal Deficit by 282 billion. McCains was estimated at 211 billion. Those are just estimates, made before they take office, so will both be wrong. But either way, BOTH candidates will make the budget worse, not better.
[/quote]
please see the above cartoon.Its pretty accurate.
Participant[quote=DWCAP][quote=urbanrealtor] For example, the budget will likely reduce.
[/quote]Oh gag me. Even Obama himself doesnt make the claim that he will reduce the budget. He talks about reducing the budget being a necessity, but then goes on to say that the only way to get out of this mess is for the Federal Government to start spending more and more. Last I checked Obamas spending plan will increase the Federal Deficit by 282 billion. McCains was estimated at 211 billion. Those are just estimates, made before they take office, so will both be wrong. But either way, BOTH candidates will make the budget worse, not better.
[/quote]
please see the above cartoon.Its pretty accurate.
ParticipantI AM NOT A LAWYER.
That being said, what I have been getting from attorneys that I have been talking to is that all purchase money loans are non-recourse and that anything that can be framed as being used for home improvement is arguably non-recourse. I am arguing that with my seller’s lender right now.
He refi-d the place 1 year after buying and now it is 60% upside down. In other words, the loan to value is 220%. Since he used the funds to improve his place, I have been advised by counsel (real estate attys) that it is going to be very hard to categorize this as recourse debt like a credit card.
You should consult an attorney. I can recommend some if you like. As a non lawyer, it looks like it is non-recourse.
ParticipantI AM NOT A LAWYER.
That being said, what I have been getting from attorneys that I have been talking to is that all purchase money loans are non-recourse and that anything that can be framed as being used for home improvement is arguably non-recourse. I am arguing that with my seller’s lender right now.
He refi-d the place 1 year after buying and now it is 60% upside down. In other words, the loan to value is 220%. Since he used the funds to improve his place, I have been advised by counsel (real estate attys) that it is going to be very hard to categorize this as recourse debt like a credit card.
You should consult an attorney. I can recommend some if you like. As a non lawyer, it looks like it is non-recourse.
ParticipantI AM NOT A LAWYER.
That being said, what I have been getting from attorneys that I have been talking to is that all purchase money loans are non-recourse and that anything that can be framed as being used for home improvement is arguably non-recourse. I am arguing that with my seller’s lender right now.
He refi-d the place 1 year after buying and now it is 60% upside down. In other words, the loan to value is 220%. Since he used the funds to improve his place, I have been advised by counsel (real estate attys) that it is going to be very hard to categorize this as recourse debt like a credit card.
You should consult an attorney. I can recommend some if you like. As a non lawyer, it looks like it is non-recourse.
ParticipantI AM NOT A LAWYER.
That being said, what I have been getting from attorneys that I have been talking to is that all purchase money loans are non-recourse and that anything that can be framed as being used for home improvement is arguably non-recourse. I am arguing that with my seller’s lender right now.
He refi-d the place 1 year after buying and now it is 60% upside down. In other words, the loan to value is 220%. Since he used the funds to improve his place, I have been advised by counsel (real estate attys) that it is going to be very hard to categorize this as recourse debt like a credit card.
You should consult an attorney. I can recommend some if you like. As a non lawyer, it looks like it is non-recourse.
ParticipantI AM NOT A LAWYER.
That being said, what I have been getting from attorneys that I have been talking to is that all purchase money loans are non-recourse and that anything that can be framed as being used for home improvement is arguably non-recourse. I am arguing that with my seller’s lender right now.
He refi-d the place 1 year after buying and now it is 60% upside down. In other words, the loan to value is 220%. Since he used the funds to improve his place, I have been advised by counsel (real estate attys) that it is going to be very hard to categorize this as recourse debt like a credit card.
You should consult an attorney. I can recommend some if you like. As a non lawyer, it looks like it is non-recourse.
ParticipantYeah cuz the internet is not mainstream.
If they were that big on the net, they would be picked up by the scary MSM.
The news is a lens, not an agent.
Thats why piggington was mentioned in the NY times.
ParticipantYeah cuz the internet is not mainstream.
If they were that big on the net, they would be picked up by the scary MSM.
The news is a lens, not an agent.
Thats why piggington was mentioned in the NY times.
ParticipantYeah cuz the internet is not mainstream.
If they were that big on the net, they would be picked up by the scary MSM.
The news is a lens, not an agent.
Thats why piggington was mentioned in the NY times.
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