quote:

ORIGINAL: Mercnbeth

Personal or corporate, you want your tax dollars used to fund a bailout?

Are you all homeowners? Homeowners, are you all past due in your payments? Were you all "forced" under duress to commit to houses and corresponding mortgages that you couldn't afford? Are you delusional about your financial capabilities or just stupid?

People fail because that was the most likely consequence of their own actions. They made commitment and plans that had a 1% chance of success and never considered the consequences of the other 99%, or most likely result. Now they want your dollars to bail them out. They want dollars from the people who are renting, or bought a house within their means. They want tax dollars from people who made a decision on the 99% side of probability. I say - let them fail!

Failure is a good tool for learning. The expectation of having a someone come to their rescue generated the growing desire to create a 'nanny state'. Making a mistake should result in consequences. The childish pointing to others being bailed out by the government has created an environment of entitlement. Hard work has been replaced by the expectation of getting something for nothing. Trained at a young age when every participant gets a trophy, where no child left behind means that the whole class works at the slowest pace. The social engineers would say everyone finished first. To me it looks like everyone finished last. The lesson was learned though. Why try, why work, why worry; they'll always be someone, some entity, some bureaucracy there providing the safety net.

Now this generation of homeowners wants and expects others to foot the bill for their failure. In an election year, I'm sure they'll get their programs; insuring the re-election of the political status quo. If you support these programs and the politicians running over each other to pass legislation; try not to be hypocritical and condemn them the next time some corporation gets a similar bailout. It is what you, the electorate, obviously want. A mommy/daddy that when the child 'strikes out', wipes their tears, pats them on the head, and says "here's your trophy for a nice swing!"

quote:

ORIGINAL: DesFIP

Affordable housing is essential. Without a home, you can't get a job because you need an address.

Plus when areas lose people committed to their homes, the area goes downhill. Tenants and landlords do not keep houses in prime condition.

Plus people are not always irresponsible. I live in the Hudson Valley. 20 years ago IBM built mainframes in several large plants around here. I knew responsible people who both worked in the clean rooms earning up to $80,000 a year each. Overnight IBM shut down all the plants and the entire Valley was pushed into depression. It's taken over ten years for us to recover. And much of the recovery only came because of 9/11 after which New Yorkers moved out of the city in droves. Since Westchester county was too high priced they moved into Putnam, Dutchess and Orange and the people who worked there moved further north into Ulster, Columbia, Sullivan and Greene.

So who is at fault here? People who had a combined income of $160,000? IBM for having to close down a no longer profitable business division. And should we be grateful to terrorists for achieving recovery as a result of their actions?

It's real easy to blame people, and do nothing to help keep families housed and together. Much easier to sit back and sneer at those forced to live in their cars, with higher rates of spousal and um abuse, higher rates of alcoholism and drug usage, higher rates of suicide.

quote:

ORIGINAL: farglebargle

The roof the roof the roof is on fire

The roof the roof the roof is on fire

The roof the roof the roof is on fire

We don't need no water let the motherfucker burn

Burn motherfucker burn

quote:

ORIGINAL: MistressPav

quote:

ORIGINAL: farglebargle

The roof the roof the roof is on fire

The roof the roof the roof is on fire

The roof the roof the roof is on fire

We don't need no water let the motherfucker burn

Burn motherfucker burn

Let us not forget that the powers-that-be use the internet in their investigations especially in cases of insurance fraud.
Big brother is watching.

quote:

ORIGINAL: farglebargle

No one "Goes Homeless".

quote:

ORIGINAL: petdave

Just to clarify... the aid plan under discussion only impacts adjustable-rate mortgages... if you're facing losing your home due to job loss, illness, breakup, whatever, you're not going to get any help from it, except incidentally. Which is unfortunate, because i have a heck of a lot more sympathy for people who lose income due to unfortunate circumstances, than people who gambled on interest rates remaining at rock-bottom forever, or bought property on speculation expecting to "flip" it before the rates adjusted.  

quote:

ORIGINAL: petdave

Just to clarify... the aid plan under discussion only impacts adjustable-rate mortgages... if you're facing losing your home due to job loss, illness, breakup, whatever, you're not going to get any help from it, except incidentally. Which is unfortunate, because i have a heck of a lot more sympathy for people who lose income due to unfortunate circumstances, than people who gambled on interest rates remaining at rock-bottom forever, or bought property on speculation expecting to "flip" it before the rates adjusted.

quote:

ORIGINAL: DesFIP

My point was that when people go homeless, there are costs to society because of increased demand on such public services as shelters, welfare, police, fire fighters, child protective services, higher use of free meals at school, etc. You need to factor in the effects on the society at large.

quote:

ORIGINAL: velvetears

quote:

ORIGINAL: farglebargle

No one "Goes Homeless".

Depends on how you define homeless. Some do in fact end up on the street. Some end up having to go back to live with relatives for a time - to me that IS being homeless - your living in someone elses home not your own. You're just luck to have relatives to take you in or you would be in a shelter or on the streets.

quote:

ORIGINAL: Mercnbeth

Personal or corporate, you want your tax dollars used to fund a bailout?

Are you all homeowners? Homeowners, are you all past due in your payments? Were you all "forced" under duress to commit to houses and corresponding mortgages that you couldn't afford? Are you delusional about your financial capabilities or just stupid?

People fail because that was the most likely consequence of their own actions. They made commitment and plans that had a 1% chance of success and never considered the consequences of the other 99%, or most likely result. Now they want your dollars to bail them out. They want dollars from the people who are renting, or bought a house within their means. They want tax dollars from people who made a decision on the 99% side of probability. I say - let them fail!

Failure is a good tool for learning. The expectation of having a someone come to their rescue generated the growing desire to create a 'nanny state'. Making a mistake should result in consequences. The childish pointing to others being bailed out by the government has created an environment of entitlement. Hard work has been replaced by the expectation of getting something for nothing. Trained at a young age when every participant gets a trophy, where no child left behind means that the whole class works at the slowest pace. The social engineers would say everyone finished first. To me it looks like everyone finished last. The lesson was learned though. Why try, why work, why worry; they'll always be someone, some entity, some bureaucracy there providing the safety net.

Now this generation of homeowners wants and expects others to foot the bill for their failure. In an election year, I'm sure they'll get their programs; insuring the re-election of the political status quo. If you support these programs and the politicians running over each other to pass legislation; try not to be hypocritical and condemn them the next time some corporation gets a similar bailout. It is what you, the electorate, obviously want. A mommy/daddy that when the child 'strikes out', wipes their tears, pats them on the head, and says "here's your trophy for a nice swing!"