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re: Bailout program for Distressed Homeowners finally here
Posted on 11/8/08 at 11:27 am to lpsster
Posted on 11/8/08 at 11:27 am to lpsster
I am not a distressed homeowner, but it seems only fair that I should get to benefit from the bailout. I mean, I was responsible and did not take on a mortgage I could not afford. There is no reason why I, via tax dollars, should have to pay for the mortgage of someone who was not responsible in addition to my own. How do I get my mortgage paid for by my fellow taxpayers?
Posted on 11/8/08 at 11:34 am to Nicodemus
There is no easy answer to this, myself like you did the responsible thing and took the responsible mortgage. This bailout however will affect you if your neighbors made bad choices when they mortgaged their home, if they lose it to foreclosure you will see a dramatic drop in the value of your home. So in a sense this bailout is for you too--. Kinda sucks, but then it kinda doesn't if your asset's value is protected--
Posted on 11/9/08 at 11:38 pm to Nicodemus
frick this shite. I should get a bailout because I did the right thing. I have to pay for somebody else's home value? WTF is that?
Don't give me the argument about dropping home values. Look at my mortgage payment thread to see why.
Don't give me the argument about dropping home values. Look at my mortgage payment thread to see why.
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