Quote:
Originally Posted by preciousjeni
Let the economy bottom out as soon as possible so we can pick up the pieces. Focus current funding on social services to get people through these difficult times. I understand that people don't want to lose what they have, but that's pretty inevitable at this point. The longer we keep extending the recession by using tax payer money, the worse the real bottom is going to be.
What are we really afraid of? Losing the so-called American Dream?
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It's really hard to shrink social services again once an "entitlement" has been created. (An entitlement is one of those things that always seems to be in the eye of the beholder.)
But my take on real estate sometimes approaches what you've said here. Yeah, it will suck to owe more on my moderate mortgage than my house my be worth when the market can't absorb the foreclosures without dropping prices. And yet, the idea of subsidizing mortgages for the people who got loans they couldn't afford so they can avoid foreclosure kind of make me fell like a sucker. Why are the folks who bought homes they could afford paying either way?
I suppose I should just be glad that my husband and I are employed and can pay.
Hybrid Mode
