Do I have the SOLUTION to the mortgage crisis?
by Mortgage Rates on Sunday, October 31st, 2010 | 4 Comments
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If we pay our own bills like we agreed to do why do we need a socialist government program?????
Great plan… but what do you do when everybody “sold” their
house and ran off with the profit in a couple of years?
The new owners will be back at square one. Regular mortgage.
The ones that got the deal are laughing themselves silly.
They got their mortgage reduced, were able to sell the house
then pay off the reduced mortgage and ran off with the rest.
While they never put in a single penny in down payment they are allowed to reap the harvest?
And we, the taxpayers are on the hook for this?
And if you didn’t allow them to sell their houses then what?
People have to move all the time. Can you force somebody to
stay in a place when he gets sent to another state thru work?
When he has to move back to help his/her parents?
Are you telling these people that they have to give up their right
to move, their essential freedom as an American to move about as they please? You can’t make them prisoners of their property for 20 to 30 years. They have to have the right sell when they need to move.
Are you high? What we need to do is put people in homes they can afford instead of letting them buy more house than they can pay. Some people like to blame banks because they have a 40K job and want a 300K house because its in a “nice neighborhood”. We don’t need socialist , we just need realist.
This would be an extreme move, but I cannot find a flaw in your reasoning. I think this just might work.
Imagine a nation freed from personal debt and finally able to tackle national debt. America would emerge a powerhouse.
Pity that you are not running for president, Sir. You have the grace and wisdom of a Churchill, a Washington, and a Lincoln all rolled into one.