Comments on: Poll: Public Supports Aid To Homeowners

CBS News Survey Finds Far More Back Helping Those In Housing Market Than Banks Or Automakers

[jamesguy]

Excerpt from Businessweek magazine online:

Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It?s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.

President Bush continued the practices because they dovetailed with his Ownership Society goals, and of course Congress was strongly behind the push. But Clinton and his administration must shoulder some of the blame.

[jamesguy]

The banks loaned out as much as 35 times as much money as they actually had. They loaned me money to buy a house that is worth less than I owe on it. My interest rate has nearly doubled while the prime rate has been cut in half. The banks blame people like me for the mess they're in, and the fed gives the banks hundreds of billions of dollars to compensate them for the damage people like me supposedly did to them. I don't get any help. All I get are harrassing phone calls from people who can't even speak English when I'm late with a payment.

Nothing is improving. Nothing is changing.

[hungry1968-15]

California, Arizona and Nevada have the highest foreclosures in the country. How many were illegal immigrants?
Posted by rbstrcklnd at 6:33 PM : Mar 17, 2009





The real question is why did the republicans push so hard to deregulate the banking industry, that even illegal immigrants can get mortgages?

[nolalou]

Nooooooo, they don't! The only ones that support the housing bailout are those irresponsible folks that can't make their house payments because they couldn't afford it in the first place. And thanks to the democraps there are a LOT of them that were deluded into thinking they should own a house.
Posted by IamInnocent


I forgot to add one more thing... you call it a 'bailout', but no homeowner is getting a d-amn bailout, you MORON! Nobody gets to keep their house without paying for it.. what they get is more favorable fixed interest rate on their mortgage! Some people owe more than the home is worth, and would not be able to re-finance without government help!
I also don't like you attitude claiming the polling is wrong.. oh, how many people did you poll? I bet I know.. none.. because you are a f-ing moron!

[nolalou]

Nooooooo, they don't! The only ones that support the housing bailout are those irresponsible folks that can't make their house payments because they couldn't afford it in the first place. And thanks to the democraps there are a LOT of them that were deluded into thinking they should own a house.
Posted by IamInnocent

First, you assume all those being helped are people who bought more house than they could afford, but what about the hundreds of thousands who had good jobs, and were paying on time, until they got laid off, through no fault of their own? Over 500 thousand jobs were lost in February alone!

There were also victims of unscrupulous mortgage companies.
I don't deny that some people bought houses they could not afford, but if you can't just blame one party for that.. after all President Bush in 2002 gave a speech urging Fannie Mae to give more loans to poor people, and to waive the requirement for a down payment.. he had a goal to create millions more low income home owners!

[cs4466]

People dont NEED a 2,000 square foot livingroom or a bathroom big enough for FURNITURE in it!
Posted by Newster1

if they can afford it, and pay their bills, power to them.
Posted by jgg00000008 at 7:32 PM : Mar 17, 2009

Bathroom furniture = power?

Hmm. You must be a republican.

[Newster1]

Yes indeed, for those homeowners that felt they HAD TO HAVE a giant house with all of the perks, the chickens have come home to roost.
Posted by liselle3

Around 1900 the average sized family home was slightly smaller than 1,000 square feet, with the majority even under 900 square feet. But today with these McMansions of 5,000 and 10,000 square feet that has to be heated, cooled and lit, the costs are insane! People dont NEED a 2,000 square foot livingroom or a bathroom big enough for FURNITURE in it!

[thetireguy1]

remember the game? played where everyone runs around chairs until the music stops then everyone tries to get into a chair while the one who missed is out of the game and the game continues with a chair removed until the end when the one in the last chair win!

Well everyone from the land owner who sold the property to the developer land surveyor
contractors, real estate brokers, insurance writers, loan officers, to local tax assessesors
everyone has made money while the game and the chairs are removed, until the music stops
and now instead of the one person(homeowner) the winner! They are sitting on the lap of the bank and local property tax collectors! The game is up and those who can't pay to live in a
$500,000,00 home on minimum wage, should be renters not subsidized home owners
sell the house(auction) and let the entrepreneurs buy the houses at a discount(50/60 cents)
on the dollar, rent out the house for fair market value and then file a tax appeal for the fair
market value! The government doesn't want this to happen because the local government
is banking on tax revenues to substain their own standard of living! The game should be
changed and the government should cut 25% -35% of their employees and cut property taxes

[rbstrcklnd]

California, Arizona and Nevada have the highest foreclosures in the country. How many were illegal immigrants?

[rbstrcklnd]

If only this new administration was as transparent as CBS.

[poeticaintit]

8 out of 10 people entered into home mortgages as responsible adults....but because 2 out of 10 thought they could misrepresent their wages or fudge on their status as bonafide Americans, now the 80% who did everything right have to pay for the stupid 2% who shouldn't have been given mortgages to begin with...Barney Frank!!! How is this okay? Who bails out the people who now have to live on less, work harder and longer to help idiots? Losing a house isn't the end of the world....you don't die. Good gawd....Obama wants us to believe if we don't jump up and immediately hand over our money it's going to be a blood bath....now who is peddling terror?

[tincup356]

Yah.. yer good at prosecuting, ain't ya speakin up. Whenever anybody says 'prosecute', its like 'marijuana' to everyone else.. a phuckin party.
Posted by aurthur723 at 5:48 PM : Mar 17, 2009 .............................that is something that would be an asset to the American economic situation,,,,,,,they have wasted billions for years putting up a show front against drugs...stopping nothing and even involved as in the case of Air America........the war on drugs has been a failure,,,,,,prohibition of marijuana has ALWAYS been a joke.........legalization would STOP cartel violence, create millions of jobs, Billions in revenues, and taxes, ease prison overcrowding and court dockets,freeing up space and manpower to go after crimes with REAL victims....like corporate and investment fraud.......There are plenty of those they need to go after right now......It would be a cash crop that could be grown in ALL 50 states and be a benefit to the economy of each of them,,,,them fibers could be used to make many products and the oil could be used to make diesel fuel,...so many assets to be had ...just by legalization.

[tincup356]

We don't know exactly how many loans that went toxic were in fact because the loans were for half million dollar homes,,,,,,,many were less than 100,000.,and homeowners could afford the payments,,,,,until the price of oil went through the ceiling for almost four months,,,,,and sent the everyday costs of EVERYTHING through the roof,,,,,,,Many people were forced to make decisions of what they could pay and eat too...and for many the credit cards were feeding them...at 20 plus percent interest,,,,,,,,,to be blunt about it ,,,it got REAL bad for many,,,and is getting worse by the day.,,,,,,,,,Why has NO ONE ever looked into WHAT SPECULATORS were responsible for the huge spike in oil as they used every imaginable excuse in the world to raise the price and keep it there........that was the straw that broke the middle classes back......and SOMEONE should be held responsible.

[liselle3]

Yes indeed, for those homeowners that felt they HAD TO HAVE a giant house with all of the perks, the chickens have come home to roost. I however didn't opt for that but instead choose to not only live within my means, but below them - in anticipation of the worst case scenario, like job loss. As a result of those feeling like only the best would do, I will now share part of my wages to bail them out. Needless to say for those that were fiscally responsible, there will be no perks, no bailouts, no benefits. Just keep on paying the bills and continue doing what we do. Doesn't quite seem right.

[tincup356]

We would have spent way less money if ONLY the toxic home mortages would have been taken care of in the first place instead of bailing out the half the criminals who caused this mess....the other half of the blame goes to BOTH parties in congress ,,,for without their lobby dollar tainted legislation's.........NONE of this would have happened.,,,,,,,,,So when you look at it from that perspective,,,,,,,,,The acts that caused our problems are criminal,,,,The banks, AIG, and Wall street,,,,,,,have paid BRIBES to BOTH parties and now it has come back to haunt everyone,,,,,,,,The charge for ALL involved ,,,,,,,HIGH TREASON.

[speakinup]

I'm not sure If I support help to people with their mortgages or not.

I would not be in favor of helping those that bought a 500k house with a 30k job.

On the other hand, I believe those that sold them the mortgage should be prosecuted to the full extent that the law allows.

[mcv57]

I don't support homeowner welfare.

[rplat]

Your conclusions are deceptive . . . they may approve of aiding home owners more than banks but they don't approve of paying other people's mortgages. Enough of this subterfuge, people do not want their hard earned money used to bail out irresponsible people whether they are banks or individuals. Polls are useful if they inform but media polls are designed to influence and that?s unethical and wrong.

[jackieop]

I agree - no aid to those idiots that bought more house than they KNEW they could afford - why should we pay for their stupidity??? And no more money for banks and auto makers either - enough already. Just one more thing...why can't someone shut ignorant Rush Limbaugh's loud mouth. He is nothing more than a bloated, arrogant a@@hole!

[antoniof123]

The Republicans are going to find that if they keep doing the NO thing that America is going to say all you are is no and don't want to work with the Democrats.

Then of course we will fix it so you don't have too.