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User Info	Would the gov pay people's mortgage?; entered at 2007-12-01 14:53:33
Jinxx0r Posts: 3706 Registered: 2007-08-10 People's Republic of Illinois	Ok, so you are infuriated by a plan that would have no net affect on you whatsoever. Zero. Zip. The plan you like pops a bubble on those houses and deflates the value of every house (including your house btw... collateral damage) so those OTHER houses can be bought on the cheap by different people that will in effect get a better deal on them than you. Maybe in 15 years your house will then be back to the original purchase value, but you really LOSE after taxes and maintenance. This all sounds like schadenfreude. It's solving the wrong problem... these people have debts to pay. They NEED to pay these debts and not be allowed to just walk away. If they have a loan and have some income they need to find terms that keep them paying. If they can't pay at all due to no income, forclose and resell the asset. They need to do everything possible to make people honor their debts. I pay my debts... sounds like you pay your debts... why not others? as always, caveat emptor. 2007-12-01 14:53:33