This article is one more reason not to trust Business Insider. These kinds of journalistic tricks are indicative of Leftists At Work. |
You watch, Obama's program will use tax money to buy down the principal of low-income people. ("Everyone deserves the right to have a home")
“Momentun”? lulz.
More like more of idiots and idiocy...... =.=
However, the fine print is this...You are re-financing with The First last Bank of BOZ...so when the time comes for Universal Housing, they can throw you out and give your dwelling to the Party Faithful, while you go live in a one-room cell in a converted “Correctional Institution”
However, the fine print is this...You are re-financing with The First Last Bank of BOZ...so when the time comes for Universal Housing, they can throw you out and give your dwelling to the Party Faithful, while you go live in a one-room cell in a converted “Correctional Institution”
I lost 170K in equity. Lost my 20% down payment. And I am still paying for this POS house. They bail them out, and I will still have to pay plus the 10k a year in taxes. I have the means to pay!! They do this, and I will walk away. I bet a lot of people in my situation will do the same.
If you have a mortgage, your not a ‘homeowner’.
“You watch, Obama’s program will use tax money to buy down the principal of low-income people. (”Everyone deserves the right to have a home”)”
...absolutely!!! and as we all know, the “right” to own a home was what got us into this mess to begin with...and BTW, the reason some homes are underwater is because property values have been run down by riff raff moving in the neighborhood....time was, people like that NEVER would have gotten a loan.
Problem. There is no tax money. It is all already spent and then some. They are spending a Trillion Dollars a year more than they get. Amazing.
This article is one more reason not to trust Business Insider. These kinds of journalistic tricks are indicative of Leftists At Work. |
This is simply a way of harvesting all those poorly documented securitized mortgages the courts are throwing out...essentially “giving” the house to its owners.
No principle reduction?
So who in their right mind would refinance a $150K loan on a property worth $90K?
Oh wait- THE GOVT!
The only "sustainable" solution is to allow housing prices to fall to realistic levels, but we can't let the market do something that the federal government can screw up some more.
Let the government buy me a house and put the deed in my name.
Since I'll have no mortgage, the government won't ever have to worry about me defaulting on my mortgage.
I'll never again be a default risk to the banks or to government.
I’m to the point where I say DO IT.
Crash this economy in one big supernova.
I’m tired of this piecemeal crashing.
Why is it that everything is "Bush's Fault" and yet when they want some pundit to have credibility they point out the "former advisor to Bush" crap?
The left just makes no sense on any level.
Guess again.
Any time you see a newspaper reporting that an inanimate object is taking action, it's time to haul out the Crap Detector. Momentum does not "gather." Calls do not "grow." Momentum only increases when an outside force — such as a reporter with an agenda — is applied. In newspaper parlance, calls "grow" when reporters collude on mailing lists like Journolist to write articles and columns selling the same line. Then they all quote each other and pretend that something spontaneous has happened, with the "calls" growing all by themselves.