Isnt Mccains plan to buy down peoples Mortgages...

[Risk44]

a huge example of socialism?

 

[MikeB]

If he gets in, I will be punished for buying my house correctly, and only buying what I could afford.

If I knew this tool would bail me out with taxpayer $$, I would have bought a 5 or 6 bedroom house instead of a 3 bedroom.

 

[nimue77]

I have been saying this ever since he mentioned buying up bad mortgages. They are both big government guys. Both have the same foreign policy too. Same energy and environmental policy. Really isn't a whole lot of difference.

a huge example of socialism?

 

[nimue77]

If I knew this tool would bail me out with taxpayer $$, I would have bought a 5 or 6 bedroom house instead of a 3 bedroom.

No you wouldn't. Wrecking your credit by not paying your mortgage would be really, really stupid just for this proposed bailout.

 

[tkf18ny]

give me a free house and wreck my credit i wont give a shit

 

[Risk44]

Yeah no doubt with an extra 3grand a month that id be saving on my mtg... id just pay cash for everything anyways.. fuck credit.

 

[fletchisrhsm]

a huge example of socialism?

YES

Hence why the :lolBIG: over you guys fighting over these two tools

 

[MikeB]

No you wouldn't. Wrecking your credit by not paying your mortgage would be really, really stupid just for this proposed bailout.

With the $200,000 of free money, we would just use my wifes' credit cards for purchases that you need credit cards for. Everything else would be cold hard free cash.

 

[nimue77]

give me a free house and wreck my credit i wont give a shit

Nobody is getting a free house. They might get a temporary halt to eviction and a reduction is interest rate paid or maybe not even that but just pay less per month over a longer period. Where the heck are you pulling $200,000 from...your ass? The ones who would really be getting bailed out by this are the ones who gave the loans. They are having those stupid loans taken off their hands. They should take the hit when their borrowers fail to pay, end of story.

 

[Risk44]

Nobody is getting a free house. They might get a temporary halt to eviction and a reduction is interest rate paid or maybe not even that but just pay less per month over a longer period. Where the heck are you pulling $200,000 from...your ass? The ones who would really be getting bailed out by this are the ones who gave the loans. They are having those stupid loans taken off their hands. They should take the hit when their borrowers fail to pay, end of story.

"We need to buy out all these bad mortgages." -John Mccain

 

[nimue77]

"We need to buy out all these bad mortgages." -John Mccain

From the lenders. What part of that don't you get?

 

[MikeB]

"Where the heck are you pulling $200,000 from...your ass?"

I forgot who I was dealing with. You may need to read this twice to understand.



I own a 3 bedroom house (read earlier post) Todays value approx. $360,000. If I had purchased a 5 bedroom house in my area it would be worth approx. $560,000. Since I wouldn't be able to afford that house, ol' John McCain would "buy" my house and sell it back to me for a solid $200,000 under value to keep me in it.



Let me know if I am going too fast for you.

 

[Risk44]

From the lenders. What part of that don't you get?

K who is the Dumbass that doesnt even know about his own candidate...geez...

"Under my orders as President the Sec of the Treasury will carry out a Homeownership resurgence plan - The United States GOVT will purchase mortgages DIRECTLY FROM HOME OWNERS" -John Mccain

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[Paddywack]

K who is the Dumbass that doesnt even know about his own candidate...geez...

"Under my orders as President the Sec of the Treasury will carry out a Homeownership resurgence plan - The United States GOVT will purchase mortgages DIRECTLY FROM HOME OWNERS" -John Mccain

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That is absolutely idiotic. Why should the government get into the mortgage business? I tell you what, these two candidates are offering the same shit but with different marketing. I am smart enough to see past the Bullshit.