To: Zakeet
What makes Obama (or any of his Cabinet) an expert in fixing the “housing crises?”
2 posted on
02/18/2009 9:48:57 AM PST by
Boiling Pots
(The Gov't trying to fix the economy is like the Three Stooges trying to fix your plumbing)
To: Boiling Pots
Well, this certainly makes me feel better about living in a modest little house where I can afford the mortgage.
I wonder if those who get my tax money in order to stay in their big, fine new houses will send me thank you cards.
8 posted on
02/18/2009 9:53:07 AM PST by
San Jacinto
(gorebull warming -- the Socialists' Shortcut.)
To: Boiling Pots
$75 Billion is not enough for 9 million homes. It is only $8,333.00 per home and each home will need approximately $250,000.00 to get it back to present day worth. And these are people who were given loans that they should have never been given on $500,000.00 and $300,000.00 homes.
So for 9 million homes one would need $2.25 trillion dollars. Can China and Saudi Arabia loan us that much. Might be as Clinton says we will make the Muslims happy and the only way to do that is to institute Sharia Law.
14 posted on
02/18/2009 9:56:27 AM PST by
YOUGOTIT
(I will always be a Soldier)
To: Boiling Pots
I have a hard time believing that $8333.33 is going to help someone that paid 300-500 thousand dollars for a house on 0-35 thousand dollar per year income. To be honest, this would basically make 2-3 months worth of payments. Honestly, these idiots are 6-12 months behind on their mortgage. How about letting these sub-prime mortgages go back to the lenders and let these 9 million people go back to low income housing where they came from.
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