Why should taxpayers be responsible for bailing out adjectives of these sub-prime mortgage loans?
The housing boom and bust wouldn't happen if it wasn't for irresponsible lending and borrowing practices.
Too oodles lenders "fudged" the books.They made lots of money brokering mortgages to people that would've never qualified for traditional home loans.But since near was suddenly three times as many family who "qualified" for home loans the supply of homes didn't meet demand.SO what happen? The law of supply and demand take over , and home prices go through the roof! But the lenders kept lending to more relations for homes they don't reasonably qualify for at higher prices.Meanwhile...race who've been saving for years to buy a home (the right mode!) suddenly see housing prices rise beyond their budget.
Now all the people who've be riding the gravy train want to cry about the mess they're in! People similar to me (who've been saving responsibly , and stayed away from this questionable market) are in a minute left wondering about our adjectives , and why we
are supossed to bail these folks out!
Answers:
We shouldn't. My parents taught us never buy anything you couldn't afford. Period.
I agree beside you. I think they should take their losses and revise their lessons.
I agree & cannot find a pretext why my tax $ should pay for this. I touch your pain.
okay that was interesting....
give somebody the third degree. Give me one case? Just one... that one penny of tax payers dollars bailed anybody out of this subprime mess.....
Oh linger you cant. Its never happend. Study before you make comments. Or dispense sources before you state things that arent fact. Source(s): 15 years mortgage valid estate exp.
I agree with you also.Except this is a Very Political put somebody through the mill.
I know that poeple that "flip" houses should not be bailed out.
They don't allow me to "writeoff" all my "bad stock trades surrounded by any particular year.
Because they will go away.
They will dance into other areas with their money
and they will bring that down also.
Most rich people buy things to fall through.
So they can write their failures off.
So let's a moment ago keep an eye on those scoundrels contained by one
place.
You see if they just settle for a lower return and
give
the general public with sour credit loans to purchase homes.
This will still keep the industry going and the buyers could
afford to payment their mortgages.
But oh nooooooo they want 14% from a bad credit person.
It make more sense to charge them less, so they can pay.
Not more!
If most can wages rent. It is safe to say that They can pay cheque a reasonable low paying interest rate also.
But the Investors are greedy greedy greedy!
If they made it not a tax shelter next to losses as
a deduction. They'd stop! This is call a excise break.
Regular folks don't get this kind of charge break. We
just get Broke!
There is absolutely no reason why our levy money should go to bailing out corporations. Let the system of Capitalism we have work itself out. That's the great article about Capitalism...it's self correcting. If these companies go out of business becuase of decision made by the management- so be it. They wont be around in the future. Just ask Country Wide...after BofA completes their purchase...CountryWide will be no more.
Related Questions:
How do i achieve currency posterior on a mortgage loan?
im in the process of purchasing a house with no money down and i entail to know if it is possible to get cash hindmost when the house in bank owned. The idea at the rear "cash back" is that the property you're...
Too oodles lenders "fudged" the books.They made lots of money brokering mortgages to people that would've never qualified for traditional home loans.But since near was suddenly three times as many family who "qualified" for home loans the supply of homes didn't meet demand.SO what happen? The law of supply and demand take over , and home prices go through the roof! But the lenders kept lending to more relations for homes they don't reasonably qualify for at higher prices.Meanwhile...race who've been saving for years to buy a home (the right mode!) suddenly see housing prices rise beyond their budget.
Now all the people who've be riding the gravy train want to cry about the mess they're in! People similar to me (who've been saving responsibly , and stayed away from this questionable market) are in a minute left wondering about our adjectives , and why we
are supossed to bail these folks out!
Answers:
We shouldn't. My parents taught us never buy anything you couldn't afford. Period.
I agree beside you. I think they should take their losses and revise their lessons.
I agree & cannot find a pretext why my tax $ should pay for this. I touch your pain.
okay that was interesting....
give somebody the third degree. Give me one case? Just one... that one penny of tax payers dollars bailed anybody out of this subprime mess.....
Oh linger you cant. Its never happend. Study before you make comments. Or dispense sources before you state things that arent fact. Source(s): 15 years mortgage valid estate exp.
I agree with you also.Except this is a Very Political put somebody through the mill.
I know that poeple that "flip" houses should not be bailed out.
They don't allow me to "writeoff" all my "bad stock trades surrounded by any particular year.
Because they will go away.
They will dance into other areas with their money
and they will bring that down also.
Most rich people buy things to fall through.
So they can write their failures off.
So let's a moment ago keep an eye on those scoundrels contained by one
place.
You see if they just settle for a lower return and
give
the general public with sour credit loans to purchase homes.
This will still keep the industry going and the buyers could
afford to payment their mortgages.
But oh nooooooo they want 14% from a bad credit person.
It make more sense to charge them less, so they can pay.
Not more!
If most can wages rent. It is safe to say that They can pay cheque a reasonable low paying interest rate also.
But the Investors are greedy greedy greedy!
If they made it not a tax shelter next to losses as
a deduction. They'd stop! This is call a excise break.
Regular folks don't get this kind of charge break. We
just get Broke!
There is absolutely no reason why our levy money should go to bailing out corporations. Let the system of Capitalism we have work itself out. That's the great article about Capitalism...it's self correcting. If these companies go out of business becuase of decision made by the management- so be it. They wont be around in the future. Just ask Country Wide...after BofA completes their purchase...CountryWide will be no more.
Related Questions:
How do i achieve currency posterior on a mortgage loan?
im in the process of purchasing a house with no money down and i entail to know if it is possible to get cash hindmost when the house in bank owned. The idea at the rear "cash back" is that the property you're...