Resentment Grows Over Paying for Others' Foreclosure Misery

FOXNews.com ^ | Friday, February 20, 2009 | By Gary Gentile

[metmom]

Michelle Fry is a suburban Atlanta homeowner who has seen the value of her modest one-family home drop by more than half in the past year. She now sees a national mortgage bailout plan that appears to reward people who bought more house than they could afford and can't pay their bills. And she has a simple question for President Obama:

"Why am I paying for them?"

"We are very frustrated and scared," said Fry, 32, a newly expectant mother who works as a creative director for a public relations firm. Her husband Sam, 38, is a truck driver for a local printing company. Their combined household income is less than $100,000.

[metmom]

Good. People need to let their politicians know how they feel.

[unixfox]

Good. People need to let their politicians know how they feel.

We'd all be in jail!

[Carling]

Uh oh. Better get those finances in order, Mrs. Fry. The White House will soon be calling you out as well.

That said...it’s beginning...

[Candor7]

[FearlessFreep]

Anyone else having problems with the fox news website? I can’t get the pages to load.

[Carling]

Philosophical arguments about Obama’s plan do little to comfort Jovic, who wonders if he should continue pouring money into a property that may never fully recover its value.

“Do I continue to invest, or do I cut and run?” he asked.

Cut and run. FAST. ODumbo will save you!

[Doogle]

GROWS....????....is was there for the last 40 years, it's just been noticed the last week when Bambi forced by law an enormous increase

[tflabo]

Welcome to the new ghetto Michele Fry. So your house lost 1/2 it’s value? Its the sacrifice ZerO wants of you. Enjoy the change you can believe in!

[Virginia Ridgerunner]

Their condo association has already whacked them with a one-time fee of $500 to make up for other homeowners who were foreclosed.

Whut???????????

[fightin bronco]

I saw the Administration talking how about bad it is to be under water (or on the verge) on a mortgage. For the majority of people, this is not any big deal. I am probably 25% below my mortgage, however, I still make my payments, that hasn’t changed. As long as people don’t have to move, shouldn’t they just continue to make payments. It’s funny how no one in the press asked why homeowners having their home values fall (when they don’t have to sell), is such a crisis.

[Doogle]

...as can be imagined, people are seeking news. I have FOX as a home page (cable), seems somewhat slower, but not real slow

[colorado tanker]

If The One keeps doing things to kill the economy his numbers will start dropping like a rock.

He and his media flaks can blame Bush all they want but people will have no patience with vanishing retirement accounts and high unemployment.

[originalbuckeye]

Because everything untoward since November 4th has been a CRISIS! Haven't you been listening?

[FearlessFreep]

When I click on a link, only the headline will appear with no article. I have tried different browsers with no luck.

[livius]

Somebody on another thread pointed out that 90% of mortgage holders do pay their mortgages and that the fact that 10% do not is hardly the stuff of crisis. But if you listened to Bambi and Friends, you’d think the statistics were exactly the reverse.

This is being manipulated.

[Doogle]

how is going to another site?...does the other site load slower?...your post here?

[Belasarius]

What I’m gathering is if you lost your equity then you won’t be selling your house and trading up. If you are 25% down you won’t be doing that for years and years probably if ever. Since so much of our economy seems to be based on churning the real estate market having people sit on a house isn’t going to put any money in anybodies pockets.

[Paytriot]

see, say payday! see, say payday!

[FearlessFreep]

Only that site. All else are fine. Some slower than others.

[Doogle]

dial ups are slower on busy days...don't panic yet..*grins*