Quantcast
 
 
 

MONEY CULTURE

Daniel Gross

Foreclosure, for Closure

The problems with the Bush and Clinton plans to suspend foreclosures.

 
Discuss
Member Comments
  • Posted By: FirstZebra @ 05/13/2008 2:36:39 PM

    Comment: I've already seen it in this little town in NV. The big frogs are already gobbling up the remains and crowing about it!

  • Posted By: theshark58 @ 03/05/2008 3:25:44 PM

    Comment: second try,pardon if duplicated.

    First, nice ad Steve... first you said you "were told" about a company and then you said "we".
    These companies ONLY HELP THEMSELVES WHILE YOU GET SCREWED.

    Back to my comment

    Individuals were not being coerced into these loans. People knew what they were doing and were betting the property values were going to go up. They thought that they could refinance and everything would work out. Now the politicians want to bail them out...because they can buy votes.

    Sorry, but i BIT THE BULLET AND DID NOT BUY. Each year I file my taxes and have to pay alot of taxes.
    I could not buy a house for a tax break because it was just too risky, too much pressure. A 4300 mortgage is just plain crazy ( I live in San Jose).

    where are the breaks for the millions who rent? Buyers get the best of both worlds in this scenario... tax breaks, buyouts, while their neighbors who are renting are footing the bill.

    First they borrowed, then they bragged, now they beg.

  • Posted By: theshark58 @ 03/05/2008 3:11:53 PM

    Comment: A bailout is just plain wrong.

    the people who bought these homes signed papers knowing full well what THEY WERE DOING.
    I made the choic not to buy in california even though I am getting killed with taxes.
    These individuals gambled that their home values would go up and they would be able to refinance at a lower rate if they had to. Sorry, Vegas does not return your losses.

    what government should really look at is the tax breaks homeowners get when they buy, yet renters don't receive any. where is all the outrage for the millions of people who can't buy but are getting raped by their government; where is their tax break.

    I can see in 2 months one neighbor who rents, pays his 10k more in income taxes when he files while the neighbor who bought, bragged, and begged gets bailed out.



Sponsored by
 
 
 
 
The Peek
 
 
STRATEGIES

Harmonix, creator of Rock Band and Guitar Hero, is changing videogames.

Sponsored by
 
 
 
 
CAMPAIGN 2008
republican gop convention periscope mccain

John McCain's choice to manage the GOP convention this summer is lobbyist Doug Goodyear, whose firm once represented Burma's repressive regime.

Sponsored by
 
 
 
loadingLoading Menu