reefraff
Active Member
Originally Posted by bionicarm
http:///forum/post/2785853
Then why did he say he would spend $300 billion for this scheme of his? He plans to take that out of this $840 billion bailout, or ask for it when he gets into office? So the government devaluates my property that I spent my hard-earned money buying and improving for the possibility of selling it for a profit down the road, just so I can save the American taxpayers money, and save the deadbeats who bought too much house from getting evicted?
Why should I be the one who has to "take the bullet"? Sorry, learn to live within your means, or get you a nice cardboard box under the bridge.
Here's an idea. Let's say I own a $500,000 house, and I'm in good standing with my bank and my payments are up to date. My neighbor the deadbeat, can't keep his payments up, and is on the brink of foreclosure. Because of the real estate bust, the houses in my neighborhood are only selling for $400,000. So McCain comes in, buys my neighbor's $500,000 note, devalues his house to $400,000, then gives him a $400,000 note so he doesn't have to move out. My neighbor is very happy. Meanwhile, the value of my house just dropped $100,000. So to help me with my bailout, McCain can cut me a check for $100,000 to make up the difference, rewarding me for being a responsible person and paying my debts.
I agree with this
I need a shower
http:///forum/post/2785853
Then why did he say he would spend $300 billion for this scheme of his? He plans to take that out of this $840 billion bailout, or ask for it when he gets into office? So the government devaluates my property that I spent my hard-earned money buying and improving for the possibility of selling it for a profit down the road, just so I can save the American taxpayers money, and save the deadbeats who bought too much house from getting evicted?
Here's an idea. Let's say I own a $500,000 house, and I'm in good standing with my bank and my payments are up to date. My neighbor the deadbeat, can't keep his payments up, and is on the brink of foreclosure. Because of the real estate bust, the houses in my neighborhood are only selling for $400,000. So McCain comes in, buys my neighbor's $500,000 note, devalues his house to $400,000, then gives him a $400,000 note so he doesn't have to move out. My neighbor is very happy. Meanwhile, the value of my house just dropped $100,000. So to help me with my bailout, McCain can cut me a check for $100,000 to make up the difference, rewarding me for being a responsible person and paying my debts.
I agree with this
I need a shower