marky p asked:
I personally think it is ridiculous. I am not a homeowner quite yet but will be after this year. I could have been irresponsible and bought before I was ready (like so many others) but did not. Now these irresponsible people are all getting bailed out. as someone who is responsible and pays their bills, how does this make you feel? and if you are for the bailout, can you give me just ONE valid reason that this is a good idea?
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lol ask singaporean india indians for help mah, they said 2 me that they are superior in doing things than me mah. what’s the matters? imao.
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(Sarcastically) “I shouldn’t have paid the damn thing. I should have waited for the taxpayers to bail me out.”
The guy at the CHICAGO Board of Trade this morning – very angry that the Federal Government is now “rewarding BAD behavior.”
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I dislike the ones who bought homes to flip and make a profit even worse.
It sucks. I worked very hard to have my own home and considered the future when looking at homes. My mortgage payment is less than most one bedroom apartments rent for and that is not an accident. To increase my taxes to pay for someone that is irresponsible should be criminal.
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Ridiculous. It’s socialism at it’s finest.
I am disgusted.
Me and my wife have been saving money for years so we could put a $100,000 down payment and have already decided against getting a ‘perfect’ house and maybe trading up to a better house after ten years or so.
The people who were irresponsible are getting bailouts. I admit that a small percentage of the forclosures are people who lost their jobs – but most of the people knowingly took a risk by buying more house than they could afford and now want us to bail them out when that risk did not pay off.
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It is ridiculous. It is not only an insult to those currently having and paying their mortgages on time it is an insult to those of us who bought homes we could afford, made our payments on time and have paid off our mortgages. Now, all of us must “help out” those who bought houses they could not afford. I understand that some of them could afford them when they signed but due to lost jobs, illness, or accident cannot now but these things have been going on for many years and no one bailed them out before. They lost their homes. What is being done to help them. Nothing. This bill insults about 90% of homeowners and 100% of the tax paying public.
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I think it’s another slap in the face to people that play by the rules and act responsibly. I paid off my mortgage several months ago after 6 years of doing without “stuff” so that I could own the house. Now I get to support those that in some cases made very poor decisions. At what point will we start taking responsibility for our actions again and quit looking to the government to save us?
Stoopid got us into this and stoopid will get us out…as if!
Well, this is typical communism/liberalism. The gov’t has to protect you from yourself because you were educated in gov’t schools. The gov’t will renegotiate your mortgage and NO ONE will loan money for home loans again because the gov’t can change the terms of the contract to which both parties agreed.
Long story short, this proposal in its current form is for inner city people that were “taken advantage of” by greedy bankers that put people in houses they couldn’t afford with borrowed taxpayer money.
PBO spake grandly regarding responsibility during his inagural address and stupid me thought that meant personal responsiblity not Uncle Sam becoming responsible for everyone’s mistakes.
Where does it end; Uncle Sam is already the father of last resort for generations of “parentally challenged”, lender of last resort for banks that made loans that were not possible of performing, and now we’re gonna stimulate the economy to produce goods that aren’t needed and will be purchased with even more borrowed money.
What happens when the world refuses to loan us another dollar? Will we merely print them? then what?
i can own a house for myself yet the dirty gov. doggies of singapore gov busted my whole life and my worthy livelihood. haha haha so is there any bail out for me for being good but not bad but just simply living good leh? imao.
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Rewarding failures seem to be the in thing.