The Principle of Homes NEED Re-adjusting

Don't you mean "principal"?

 

OK...let us know when you have the cash to foot the bill for this.

Oh yeah, I remember you telling me once (and I quote) "In closing....try using your spell checker. It makes you look like someone who at least went to school." Guess your spell checker didn't save you this time! :laugh:

 

Another socialist idea, but in our current socialist mentality, one that makes far more sense than what's currently being inflicted on us.

 

Seriously? The Chinese are going to mandate...

Can somebody tell me when the Chinese took over the world and were able to mandate things to other countries? I missed when that happened.

 

What happens if the market bounces back over the years and you're able to make a profit when you sell your house? Will you forefit any profit?

Why did people buy a house they knew in their heart wasn't worth what they were paying for it?

Why should I help bail them out?

Are you in this situation? Do you see this as a way out of it?

Wait, won't that suppose to happen some weekend last year? If, or when it happens, there won't be anything for us to do about it..

There will still be lives to save, the Gospel will still need to the taught, and normal life will never be normal... How is that different from now?

Do you want us to bail out people that overbought in their homes, or do you want us to buy gold coins? I don't think I can do both.

 

When borrowed billions of dollars from them for the bailout and stimulus deal. That's when. They own us and our grandchildren and great grandchildren now.

 

If you look at the national debt at the Treasury, China has owned us for many years now... If we're looking strictly at the debt we owe them. This stimulus isn't helping, but it's also not the leading point where they "owned" us in debt...

 

No?
Well maybe not.....the beginning.... but the bailout and the stimulus pkg is a definite way of digging the hole wider and deeper to bury us in.... when national debts come due and we can't even pay the interest!

 

Uhm.... hello... I agree with you, I said in my OP.. "This stimulus isn't helping...."

ie: This stimlus isn't helping us get out of debt from China..

 

They wouldn't do that because we could just print the money and give it to them.

That would, of course, make the money worthless, but they would have been given their money.

The Chinese have a vested interest in keeping our economy going.

peace to youraying:

 

Banks adjusting balances will not fix the problem. The houses are worth what the market says. Artificial manipulation will cause more problems than it will solve.

Why is that the fault of the banks? People walking away from their homes because they are upside down...how is forgiving that debt going to help? Ethically, they still owe it. And then, the banks are taking a hit because people don't have the ethical kahunas to pay what they pledged to pay...and because people were unwise in securing mortgages that could rocket up in rates. Dave Ramsey calls much of this "stupid tax." For the most part, I concur.

So...adjusting balances on homes so that people who bought houses they can't afford can make it...that's a "simple" solution? And those of us who disagree with that approach are "blind?"

No thanks.

 

Yes, with some of your hair brain ideas like this one, yes it needs to be spelled out...

I am not doubting that times will get touch for Christians in the final days, but I also have no doubt that God will provide for a true and willing Christian in those days.

Homosexuality NOT being tolerated... hum.. maybe we should push for this union to happen sooner?

Also, when is it gonna to happen again? I thought it was last year, now it's on the horizon again? any weekend look good to you? or have you gotten better at predicting without giving dates like some of the TV people....

Well you didn't answer one question... Are you liking this idea of the banks buying out the upside part of your mortgage because yours is currently upside down?

 

The whiners need to gut it up, honor their contracts, and pay their debts.

Mortgage companies and banks owe them nothing at all for a decrease in value. An alternative view would be for the mortgage companies and banks to increase the principle balance when the value increases.

Do you like that idea as well?

 

I agree with you there. People that get into a mess got into it on their own. Nobody held a gun to their head. Now things are down people are looking for hand outs and bails out and such, but as you put it, their sure won't want the banks to raise the principle when things are good or when they sell and make a profit.