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

[lochlan-2009]

"Are you tooting the same horn for the bank bail out Bush pushed for and got?

No, and that is water under the bridge"


I didn''t think so. Alright to bail out the criminals, just not their victims. You are so backwards in your views of justice you must be a Bush appologist.

[elkc]

The housing situation is everybody%u2018s fault...The buyer, biting in to more than they could pay for when the contract came due. Lenders, pushing flexible interest rates to first time buyers not aware of what would actually happen with the house payment when interest rates went up or down. Buyers, not staying within their means. Simply buying more than they could pay for. You bring home $3000. A month and your house payment is $2500 someone has to find a paper route so there is food on the table and gas in the car. Lenders, not selling responsibly - moving their buyers in to properties with zero down, no payments for 6 months and in to a house built on sand. Buyers for not educating or at least trying to %u201CGoogle%u201D what they were about to dedicate their life to. Should a bailout be considered? It really doesn%u2019t matter because Bush has already said he%u2019ll veto the bill just approved by the House and the G.O.P. isn%u2019t known for giving money to anyone but themselves.

[elkc]

The housing situation is everybody%u2018s fault...The buyer, biting in to more than they could pay for when the contract came due. Lenders, pushing flexible interest rates to first time buyers not aware of what would actually happen with the house payment when interest rates went up or down. Buyers, not staying within their means. Simply buying more than they could pay for. You bring home $3000. A month and your house payment is $2500 someone has to find a paper route so there is food on the table and gas in the car. Lenders, not selling responsibly - moving their buyers in to properties with zero down, no payments for 6 months and in to a house built on sand. Buyers for not educating or at least trying to %u201CGoogle%u201D what they were about to dedicate their life to. Should a bailout be considered? It really doesn%u2019t matter because Bush has already said he%u2019ll veto the bill just approved by the House and the G.O.P. isn%u2019t known for giving money to anyone but themselves.

[standlee5]

Some people are can manage finance and some can''t. Those who can''t need to learn from this experience and start over. Many millionaires have filed bankruptcy previously that''s how they learned.

[minnick8-2009]

Are you tooting the same horn for the bank bail out Bush pushed for and got?

No, and that is water under the bridge. I don''t see it as the responsibility of the government to take care of all of us. In the mortgage "meltdown," lenders or bankers are at fault here for being so greedy.

However, since there are so many who think the government should take care of all of us, where is my $50,000 to fix my house? How about new furniture for all apartment dwellers?

[standlee5]

Anyone who bought a house for $300K and didn''t make over $100K was over their head and shouldn''t have gotten a loan. So they''re not out anything because they wouldn''t have been able to buy a house for that price anyway. The best deal in town is to RENT. No muss no fuss no bother. Rent until you can afford to buy.

[lochlan-2009]

So, now they have to start over, and the lender is holding paper and an empty hourse. Boohoo!


Posted by minnick8

Are you tooting the same horn for the bank bail out Bush pushed for and got?

[newsjunky5]

On the subject of preventing forclosures:
If we suddenly had healthcare (at least partially) subsidized by the Government (which would be paid directly to medical providers, not going through insurance companies) it would lift a great financial burden on everyone. Many of those facing forclosure would be able to meet their payments. It would also be fair across the board for all Americans. We might have to cut the Iraqis off (Halliburton, Blackwater, KBR, and Bechtel Corp. contracts) to do it.

[minnick8-2009]

I can''t believe that not person has volunteered to send me $50,000 yet. I''m shocked!

[minnick8-2009]

I''''d like to see some evidence that the borrowers were actually "irresponsible" rather than their situation changed due to falling relative wages, layoffs, and irresponsible stewardship of our economy. newsjunky5

A lot of buyers who marginally qualified for mortgages did so on the interest only payment plan for the first two years. Come on, you know that if you are only paying interest payments to qaulify, eventually you have to start paying principle. My daughter has friends who hooked on that bait to get into a house, and now they are out. These young people are reasonably intelligent who just wanted to believe that in two years time from their closing, they would have money to start paying principle as well as interest. For young families, that just is not reasonable thinking. So, now they have to start over, and the lender is holding paper and an empty hourse. Boohoo!