Comments on: New Bailout Plan, Paying The Neighbor’s Mortgage, Rallies Market http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/ Insightful Analysis and Commentary for U.S. and Global Equity Investors Sun, 15 Feb 2009 02:18:24 +0000 hourly 1 http://wordpress.com/ By: jay http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/#comment-400 Fri, 13 Feb 2009 12:01:28 +0000 http://247wallst.com/?p=24107#comment-400 Why not just give everyone a check for 10,000. This would stimulate the economy. Actually, they do not even need to print the currency or issue checks. The US Government has a current program for money recipients where they give you a credit card and put your monthly check in an account that you can use the credit card to access. This is the "green revolution". No more cutting trees down to make paper money or checks. This is real " change". I love this high teck stuff.

]]> By: wendy http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/#comment-381 Fri, 13 Feb 2009 03:20:23 +0000 http://247wallst.com/?p=24107#comment-381 i'm confused ,when i bought my house in the early 80 's the mortgage rate was about 13-16 % ,,,we paid it ,we had to… refinanced even an arm once,big mistake,,, raised kids and worked multiple jobs all these years thru all kinds of real estate market ups and downs…property taxes went from 3k to 12k a year….most of our money goes to various taxes,,,so dont cry to poverty me.its cyclical… GET CREATIVE ,TIGHTEN YOUR BELT And keep you hand out of our tax pocket its already got moths in it SO I HAVE NO PITY ANY MORE

]]> By: Boogie http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/#comment-370 Thu, 12 Feb 2009 23:16:57 +0000 http://247wallst.com/?p=24107#comment-370 This is ridiculously unfair. People who really bought their home as a long-term assets should've signed up for a fixed-rate mortgage in a first place anyways. Why are we bailing out people who were foolishly seduced into getting ARMs?
What's next? Is the current administration up for bailing out gamblers in Vegas?

]]> By: A Stoner http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/#comment-369 Thu, 12 Feb 2009 22:44:22 +0000 http://247wallst.com/?p=24107#comment-369 What exactly does it do for me, a person who is renting and wanting to a reasonably priced home? Does it help me me that the government is stealing my savings to pay for their mortgage?

]]> By: westwest888 http://247wallst.com/2009/02/12/new-bailout-plan-paying-the-neighbors-mortgage-rallies-market/#comment-371 Thu, 12 Feb 2009 22:11:34 +0000 http://247wallst.com/?p=24107#comment-371 That's a terrible idea. Only 67% of people are homeowners, so the other 1/3 shouldn't have to pay to make certain that they are perpetual renters because homes stay unaffordable. Further, why should a homeowner in Arkansas pay to prevent foreclosures in Southern California.

There's only one way to clear the housing market – lower prices. Like 50% lower. Low enough for anyone making 60 grand to live in any county in the United States with a loan at 3x income.

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