Wednesday, July 23, 2008

Are You Fed Up? Are you Against the Housing Bailout?

Are You Fed Up? Are you Against the Housing Bailout?

Then check out: Fed Up USA
Posted by David at 12:33 PM

9 comments:

  1. AnonymousJuly 23, 2008 2:53 PM

    It's too late. We are so screwed, and I am distraught beyond words. I really want to move overseas...GW had a chance to do something right, and again has made the wrong choice for the responsible Americans.

    I am just sick to my stomach.

    ReplyDelete
  2. UnknownJuly 23, 2008 3:53 PM

    It's never too late. Call your senators. If there are enough we can get a filibuster.

    Lots of people on both sides of the political party had a chance to do something to make this right and didn't.

    Senator Bunning is one, so is Congressmen Garrett...

    Sadly Ron Paul isn't... I had such high hopes for him...

    ReplyDelete
  3. AnonymousJuly 23, 2008 5:27 PM

    it's actually quite alright, by passing this hilarious piece of "legislation" we'll implode sooner and be put out of our misery that much quicker.

    anyway, at this point i've resigned myself to waiting until my wages are destroyed by inflation and fall below the FedGov assistance threshold at which point i become another squeaky wheel in need of a Chinese-funded handout :) SUCK IT, next generation!

    ReplyDelete
  4. AnonymousJuly 23, 2008 10:07 PM

    Thats it - its over. Expect hyperpricing being justified by borderline hyper-inflation for the next 2-3 years.

    In all seriousness, if thats the way it looks to play out, I will probably buy sooner rather than later - pay 600K now and finance that amount now versus a perma 900K 1MM price later, financed accordingly.

    This SUUUCKS!!!

    ReplyDelete
  5. AnonymousJuly 23, 2008 11:21 PM

    thank gosh the fool lance and VA investor are finally off this site with their IDIOTIC missives. the reality is in.

    ReplyDelete
  6. AnonymousJuly 23, 2008 11:21 PM

    thank gosh the fool lance and VA investor are finally off this site with their IDIOTIC missives. the reality is in.

    ReplyDelete
  7. AnonymousJuly 25, 2008 8:51 AM

    They are over at the NOVA bubble fallout blog.

    VA-infestor now hides under the surname of KH.

    ReplyDelete
  8. SarahJuly 25, 2008 10:57 AM

    I don't think this will make as much of a difference as they hope, but don't see a lot wrong with it. It will let some people who didn't borrow wildly beyond what they can afford to stay in their homes. It gives a mild incentive to the irresponsible lenders to cram down their loans rather than go through the foreclosure process. It has two features I like very much: they'll be verifying income and establishing a reasonable debt to income ratio and they'll be taking back at least part of any profits that may be made some time down the road.

    But between the homeowners who won't qualify, those who don't want to stay in the home, those who don't want to give up a share of potential profit, and the banks who decide that they'd be better off foreclosing, I don't expect there will be a lot more 'takers' for this than there were for the 'Hope Now' plan.

    ReplyDelete
  9. AnonymousJuly 26, 2008 4:52 PM

    I agree with sararh comment. Fundamentals are still same. People who can not qualify will not qualify.period. After seeing how housing prices declined in past 2 years not sure how many new buyers will jump in. Just giving more money to distress buyer does not force housing prices to go up.
    If home prices are still same not sure how this bailout will work.

    ReplyDelete

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