[Crashby]

Linky

I really feel for some people that are upside down in their mortgages, but the fact that my tax dollars are going to help some six figure exec pay down his 400k house in Phoenix kinda pisses me off...

 

[ohio]

I'm okay with the promise (but not delivery) of government funds to facilitate lowering of interest rates on the principle.

And I'm okay with the delivery of government funds into these mortgages in return for at least a proportionate amount of the principle.

The first step costs the government nothing, and in the second step we get something for our investment and the homeowner loses something, all while helping to keep them in their homes which is the key to stabilizing home prices.

 

[Crashby]

I havent seen support of "in return for at least a proportionate amount of the principle." We'll see...

 

[ohio]

I havent seen support of "in return for at least a proportionate amount of the principle." We'll see...

Yeah, me neither. That's my condition that would make it okay in my mind.

Shoulda been clear, sorry.