Anyone listening to Obamas speech on New Homeowner Proposals?

Discussion in 'Politics' started by Grampa Murked U, Feb 1, 2012.

  1. Grampa Murked U
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    Grampa Murked U Diamond Member

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    My customer has it on the TV and he has mentioned a couple ideas that I like. A few that I don't but no idea is ever perfect.

    The 2 ideas that perked my attention were the short simple mortgage form and trying to turn empty foreclosed homes into rentals to help prevent steeper declines in neighborhood values due to abandoned or empty homes.

    Dunno if these new proposals are too little to late but I liked some of what I heard.
     
  2. Grampa Murked U
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    Grampa Murked U Diamond Member

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    No one else heard it eh?
     
  3. Grampa Murked U
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    Grampa Murked U Diamond Member

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    I looked up a link and found this. 44 - Politics and policy in Obama's Washington. - The Washington Post

    Beyond the 2 ideas I notated I'm not liking what I'm reading. There is a link within the link that goes into more detail. But my biggest complaint, and its a big one, is that he wants more mortgages backed by Freddie and fannie.

    If this proposal is submitted to congress as one all or nothing deal its doa as it should be. I simply can't believe he wants to add more underwater mortgages onto the taxpayers backs by backing them federally.

    Deja vo 2008 anyone?

    Unreal
     
  4. Warrior102
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    Warrior102 Gold Member

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    I don't watch Comedy Central.
     
  5. California Girl
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    Haven't listened, but I will.

    On the face of it, simplifying the forms etc would be reasonable. Not sure it will help much. Turning empty foreclosed homes is a good one - best left to the private sector and not having the government buying them up.

    I'm thinking maybe the banks could help by offering homeowners a part-ownership scheme. Certainly for those facing foreclosure.... the banks could, say, offer to own half the property, which the owner pays rent on, and pays a mortgage to own 50% or whatever of the property. Seems like that could be the basis for a decent way forward for many.
     
  6. Grampa Murked U
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    Grampa Murked U Diamond Member

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    Lol

    I do like Colbert and Jeff Dunham though.


    On topic I find it interesting that he dangles ideas in public he focuses on what people may want to hear but is skimpy on details. Like the 10 billion in new taxes on the banks. Which we all know will be passed to us.

    This is nothing more than a ploy to pit republicans against him publicly. Course he will leave out that this won't pass muster in the democrat controlled senate either.
     
  7. California Girl
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    I don't think it's fair to just dismiss out of hand everything that the President says.
     
  8. The Rabbi
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    The Rabbi Diamond Member

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    It's more of the same shit he's been pushing for 3 years. If he really wants a solution how about giving the banks immunity over "robo signing" and other faux scandals and let them foreclose and do what they want with the stuff? Free markets work.
     
  9. Fang
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    Fang Gold Member

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    Who gets the money from the rentals?

    More importantly, who pays for turning the rentals?
     
    Last edited: Feb 1, 2012
  10. Mr. Shaman
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    Mr. Shaman Senior Member

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    .....A HUGE Gold Star, for.....

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