To all you homeowners who are current: what are your thoughts on this mortgage bailout?
December 29th, 2009 by Lenny
I personally think it is ridiculous. I am not a homeowner quite yet but will be after this year. I could have been irresponsible and bought before I was ready (like so many others) but did not. Now these irresponsible people are all getting bailed out. as someone who is responsible and pays their bills, how does this make you feel? and if you are for the bailout, can you give me just ONE valid reason that this is a good idea?
Related posts:
- Should I pay my mortgage next month or just wait for the mortgage bailout?
- I’m confused. Wouldn’t it be socialist for McCain to bailout all of the homeowners with a mortgage plan?
- Can Bush really do a mortgage bailout by edict?
- How to invest on upcoming mortgage bailout?
- Are you frightened by the Homeowner Affordability and Stability Plan? If you’re not, have you read it?
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I am disgusted.
Me and my wife have been saving money for years so we could put a $100,000 down payment and have already decided against getting a ‘perfect’ house and maybe trading up to a better house after ten years or so.
The people who were irresponsible are getting bailouts. I admit that a small percentage of the forclosures are people who lost their jobs - but most of the people knowingly took a risk by buying more house than they could afford and now want us to bail them out when that risk did not pay off.