Prompt mortgage payers have nothing to gain with Obama’s plan.
By
on
February 19th, 2009
Say you’re a prompt mortgage payer living in an affluent neighborhood. You’ve never missed a payment. But a few (say 20 out of 75) families in your neighborhood are falling behind. And foreclosures mount faster than the Palins’ can put out babies. Soon your house takes a near nosedive in value. And of course this is after you put in the new gazebo, and remodel the kitchen. Is Obama’s plan a buffer at least for those who are “responsible” home owners. To keep the house market value from collapsing. I’m slow to say responsible, because thousands have lost their home due to the Bush recession.
wanninonni says:
Uh, nope, nothing for those of us who are/were responsible for NOT purchasing a home we couldn’t afford and keep making timely payments.
I think you should clarify the ‘bush recession’ and place the blame where blame is due. Slick Billy C (I did not have sex with that woman)and the CONGRESS of the past 20 years plus.
February 19th, 2009 at 8:41 am
wendy c says:
I disagree that they have nothing to gain.
20 foreclosures on your block, puts a real dent in your property value (and probably wipes out your equity, even if you don’t plan to sell now).
February 19th, 2009 at 9:16 am
abc says:
Actually, thousands have lost their homes because the Democrats thought home ownership was a right, or entitlement. So, banks were forced to sell products for losers with bad credit, little incomes and no downpayments.
Those that took the reasonable, responsible path to homeownership lost a considerable amount of equity in their investments, not only property but 401k’s as well.
Thanks you lowlife democrats. Reward bad behavior and rob the people who make the right decisions.
February 19th, 2009 at 10:13 am
foxxzymama says:
Well, a few Republicans have recently asked those very questions to Obama, with no response being given.
My take is that anyone in that situation is S.O.L.
February 19th, 2009 at 10:50 am