Comments on: The Mortgage Crisis and The 08 Presidential Candidates of Change http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/ Learn, Network, Invest Wed, 03 Dec 2008 06:49:22 +0000 http://wordpress.org/?v=2.6.5 By: Charles http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53862 Charles Mon, 21 Jan 2008 11:05:27 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53862 Ron Paul would solve this! We need to steal from the rich and use the money to pay off the mortgages of the poor (e.g. me) ;) - Charles Ron Paul would solve this! We need to steal from the rich and use the money to pay off the mortgages of the poor (e.g. me) ;)

- Charles

]]> By: Mike Volpe http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53775 Mike Volpe Fri, 18 Jan 2008 21:08:35 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53775 I think the worst part of all of the responses to the mortgage crisis is that they are likely to do little for all those that are struggling. We can have all the rate freezes, moratoriums and bailouts that we want, however the folks that are in trouble are in big trouble. They are in way over their heads, and furthermore, they now, likely, have a mortgage that is much greater than the property they own. The only solution is for all of the irresponsible folks to have the market do as it will and move on. To try and artificially hold it off is to throw good money after bad... I think the worst part of all of the responses to the mortgage crisis is that they are likely to do little for all those that are struggling. We can have all the rate freezes, moratoriums and bailouts that we want, however the folks that are in trouble are in big trouble. They are in way over their heads, and furthermore, they now, likely, have a mortgage that is much greater than the property they own. The only solution is for all of the irresponsible folks to have the market do as it will and move on. To try and artificially hold it off is to throw good money after bad…

]]> By: renee http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53756 renee Fri, 18 Jan 2008 01:39:57 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53756 on another blog of mine i stated that we are NOT in a recession. i am really tired of people not taking responsibility for the own actions. YES, loans were given to people that should not have gotten them! YES, some people were decieved! BUT, what about the people that refied their home, pulled out all the equity to pay off bills, but did not change their lifestyle? These people are now back in the same debt they were in and can't do anything about it but file bancruptcy or sell their home. What about the people who took interest only LIBOR loans for 400K, but really should have only bought 250K in a real loan? why do i as a tax payer now have to consider bailing them out? on another blog of mine i stated that we are NOT in a recession. i am really tired of people not taking responsibility for the own actions. YES, loans were given to people that should not have gotten them! YES, some people were decieved!
BUT, what about the people that refied their home, pulled out all the equity to pay off bills, but did not change their lifestyle? These people are now back in the same debt they were in and can’t do anything about it but file bancruptcy or sell their home.
What about the people who took interest only LIBOR loans for 400K, but really should have only bought 250K in a real loan?
why do i as a tax payer now have to consider bailing them out?

]]> By: Home Buyer Assistance http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53642 Home Buyer Assistance Mon, 14 Jan 2008 14:23:00 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53642 This is really funny. Go Chuck Norris! This is really funny.
Go Chuck Norris!

]]> By: charles http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53554 charles Wed, 09 Jan 2008 20:01:16 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53554 glad folks find this piece amusing.thanks glad folks find this piece amusing.thanks

]]> By: FSBOJane http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53524 FSBOJane Tue, 08 Jan 2008 22:29:23 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53524 LOL, Charles. Excellent post and it's so true, it's funny. LOL, Charles. Excellent post and it’s so true, it’s funny.

]]> By: durex http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53501 durex Tue, 08 Jan 2008 06:01:34 +0000 http://www.biggerpockets.com/renewsblog/2008/01/07/the-mortgage-crisis-and-the-08-presidential-candidates-of-change/#comment-53501 I will vote for HILLARY CLINTON :) I will vote for HILLARY CLINTON :)

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