Comments on: Homeowner Rescue Plan Passed By House

Bush Threatens To Veto The $300 B Plan That Would Provide Cheaper Mortgages To Americans Facing Foreclosure

[garnet08]

And we all sympathize with you. But this does not entitle you or anyone who was truly irresponsible to use taxpayer money to bail you out.

Posted by brianp55 at 12:14 PM : May 09, 2008

You and whoever feels this way is NUTS AND HEARTLESS AND I HOPE THIS HAPPENS TO YOU SOMEDAY BECAUSE I WOULD LOVE TO CALL YOU IRRESPONSIBLE! WE BAIL OUT EVERYONE ELSE!

[standlee5]

Why would anybody want to "save" a house they can''t afford. They could walk away and rent for half the price. This is NOT going to help people unless the govt. decides they''re going to buy the house and GIVE it to the people then they probably wouldn''t be able to afford the property taxes anyway. RENT people it''s a better deal.

[lochlan-2009]

"Anybody can get approved for a housing loan for more than they can afford or at least more than will allow them to live within their means."

That was true over these last several deregulated years. Of course, the places where foreclosures are the worst are cities, where they preyed on the uneducated by selling them "the dream". These people were meant to lose their house during the foreclosure crisis. The foreclosure business was suppose to be very, very lucrative beginning last summer through next summer. The $2.9billion this bill will cost tax payers to save half a million Americans their home is the equivelant of 14.5 days of war in Iraq.

[dragonmouse-2009]

I still don''t get it. Anybody can get approved for a housing loan for more than they can afford or at least more than will allow them to live within their means. You''ve got to shop for a price range that''s feasible and FIXED. It doesn''t take a rocket scientist to figure this one out. You need to read your fine print...if you think you deserve a 200-500K house...then you need to read and UNDERSTAND what you''re getting into. If you don''t then you need to find an outside party you trust to explain it. If you don''t take these steps then you''re stuck with learning a very solid lesson about life.

People losing their homes because of changes in employment status, environmental tragedy (Katrina, etc) or an severe illness...is DIFFERENT from "stupidity".

It seems like banks could negotiate a FIXED interest rate close to what they signed for. If they still can''t afford or qualify for that...then they lose the house. There is no law about getting a second or even a THIRD job to get out of debt.

[lochlan-2009]

For pete''''s sake, adjust. Figure out where you can afford to live, and live there.

Your telling these people to adjust to inflation that is through the ceiling. How do you expect a retiree who had a fixed income and bought their house thirty years ago to expect oil, gas, electricity, food, insurance, health care, etc., etc. to rise 300-400% over the last few years. Add to this the employed whose job was sent to Chindia. Your house may have been small, but you''d be singing a different song if it was your cottage (and life savings) being taken through government and corporate corruption and deregulation. The bottom 98% of this country have been taken for a ride by the biggest crooks to hit D.C. since Nixon.

[minnick8-2009]

It would also be nice if developers would build housing units that families could actually afford to buy.

[minnick8-2009]

locklan

Maybe next time they finance, they will hire an attorney to read the fine print to them.

[minnick8-2009]

lochlan

I grew up in a pioneer house. I am glad we did have running water; we often did not have electricity. My first house that I bought with my husband, I lost when he left me and I couldn''t afford payments. I do have a hard time feeling sorry for families losing 3/4 million dollar houses. For pete''s sake, adjust. Figure out where you can afford to live, and live there.

[standlee5]

The alternative may have been worse. stagflation, recession, enemployment. Most don''t remember that these scenarios are devastating.

[ricknuber]

Can someone please explain to me how Bush and his cronies have upheld the "family values" mantle Republicans are always crowing about?

More American families are under the poverty line, less can afford health insurance, more need to have both parents working to make ends meet (even though Americans are working more hours and being more productive with those hours than any other developed nation), and fewer can afford college.