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User Info	Would the gov pay people's mortgage?; entered at 2007-12-01 15:59:19
Colossalc Posts: 1917 Registered: 2007-12-01	<i>Ok, so you are infuriated by a plan that would have no net affect on you whatsoever. Zero. Zip. [...] This all sounds like schadenfreude.</i> --- Jinxxor, either I didn't explain myself very well or you were so anxious to argue you missed my point entirely. I am infuriated by a plan that has tremendous impact on me. That is what I stated originally. To reiterate, imprudent people are living "the high life" in a $1.5M house that I think is only worth $750k. I would like to live in that house. Until they pop this bubble that was formed by idiotic loans, I will never be able to live in that $750k true value house because it costs $1.5M. Extending the "teaser rate" on these loans is perpetuating the bubble and keeping me out of a house I want. I'm being punished for being prudent; i.e. I am unable to live in the house I want because I know it costs too much. But imprudent people are going to be able to continue living in those houses because of government manipulation and extension of artificial market conditions. This has a direct impact on me. I'll say it again: it has a direct impact on me. 2007-12-01 15:59:19