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End the Fed. Close Fannie and Freddie. End the bailouts. End mortgage subsidies. Repeal the CRA. Stop the damn meddling and let the free market work. That's what is best for the economy as a whole.
None of which is going to happen; so let's deal with reality and likelihood.
Also, I would contend that a TRUE free market would not be the best solution for anything.
OF course you do. That's what all Marxists believe.
The very wealth didn't over expand the supply of credit.
Wait what? Holy shit man. Buy a book or sumthin.
Who do YOU think over expanded the supply of credit? Poor people? Dentists? Pharmaceutical reps?
The government over expanded, you fucking economic ignoramus.
Do you know a thing about banking or the federal reserve?
Two of the biggest mistakes people make is buying too much house and too much car.
Living beyond, or even just at the edge, of your means is a surefire formula for misery.
The very wealth didn't over expand the supply of credit.
Wait what? Holy shit man. Buy a book or sumthin.
Who do YOU think over expanded the supply of credit? Poor people? Dentists? Pharmaceutical reps?
The government over expanded, you fucking economic ignoramus.
Do you know a thing about banking or the federal reserve?
Two of the biggest mistakes people make is buying too much house and too much car.
Living beyond, or even just at the edge, of your means is a surefire formula for misery.
IT's CAPITALISM's fault! It's the The Affluent Society (1958), of ever-greater consumption, ...John Kenneth "Ken" Galbraith FAULT!
It's the advertisers' fault!
Interesting isn't it that we can fault all of the above.. INCLUDING advertisers i.e. MSM advertising right? We can blame advertising for building conspicuous consumption right?
MY question is if advertising is so effective in forming opinions and molding desires to buy a bigger house or car then necessary...
TELL ME AGAIN THAT THE MSM BIAS did NOT influence Presidential voting???
See when Bush bashing occurred while at the same time Obama gushing occurred
the SAME advertisers used the same MSM to mold opinions/buy more houses/cars then necessary as you said... WHY then was this same MSM not complicit?
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
But home values have devalued to the point where if we'd need to sell the house in a timely manner, we'd definitely have to sell the house at the loss of the down payment.
Bad investment on your part. Should have bought less of a home and/or but more on a down payment...or rented. Next time, you'll know better. Either way, it's not my or another taxpayer's problem.
You know you need to bring cash to closing to sell for a loss. How do you propose people bring cash to closing when many are barely getting by? Think about it. Try not to respond with something that sounds like a solution out of some Utopian society you've created in your head.When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
You sell for a loss.... simple as that. Then buy what you CAN afford.
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
You sell for a loss.... simple as that. Then buy what you CAN afford.
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
But home values have devalued to the point where if we'd need to sell the house in a timely manner, we'd definitely have to sell the house at the loss of the down payment.
Bad investment on your part. Should have bought less of a home and/or but more on a down payment...or rented. Next time, you'll know better. Either way, it's not my or another taxpayer's problem.
Tell us about the home you own that didn't lose any value in the past few years.
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
You sell for a loss.... simple as that. Then buy what you CAN afford.
For example you owe 100K the house will bring you 85K. You are now 15K in debt. If you are forced into the position to have to sell to survive and now add 15K to the debt you probably already piled up, how do you suggest these people will get a loan to buy a new home. They are more than likely candidates for bankruptcy.
So that would be next of prior to the forced sale of their home. You make it sound so easy. I hope you don't ever find yourself in such an easy position.
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
You sell for a loss.... simple as that. Then buy what you CAN afford.
When your mortgage price is higher that the current value of the home how do you suggest the they sell the house and buy cheaper? Seems like a real problem to me.
When you make a bad investment choice, you lose money. While it may be unfortunate for the investor, it's not a problem to rent.
You sell for a loss.... simple as that. Then buy what you CAN afford.
For example you owe 100K the house will bring you 85K. You are now 15K in debt. If you are forced into the position to have to sell to survive and now add 15K to the debt you probably already piled up, how do you suggest these people will get a loan to buy a new home. They are more than likely candidates for bankruptcy.
So that would be next of prior to the forced sale of their home. You make it sound so easy. I hope you don't ever find yourself in such an easy position.
In most if not all states, the bank who loaned you the money is on the hook for the 15K, so that's a false argument. Even if you have to file for bankruptcy, are we lucky to have such provisions in the law to protect borrowers who made bad choices? Bankruptcy is not the end of the world, it's a chance at a fresh start. Lastly, rather than getting a loan to buy a new home, how about renting one? One that you can afford?
What makes you think someone made a bad investment?
Both made good investments and could easily afford what they bought. How were they to know their world will change
For example you owe 100K the house will bring you 85K. You are now 15K in debt. If you are forced into the position to have to sell to survive and now add 15K to the debt you probably already piled up, how do you suggest these people will get a loan to buy a new home. They are more than likely candidates for bankruptcy.
So that would be next of prior to the forced sale of their home. You make it sound so easy. I hope you don't ever find yourself in such an easy position.
In most if not all states, the bank who loaned you the money is on the hook for the 15K, so that's a false argument. Even if you have to file for bankruptcy, are we lucky to have such provisions in the law to protect borrowers who made bad choices? Bankruptcy is not the end of the world, it's a chance at a fresh start. Lastly, rather than getting a loan to buy a new home, how about renting one? One that you can afford?
Wrong, if a home is foreclosed on, then resold for less than the amount owed than the original debtor still owes the difference, same as when a vehicle is repossessed.
You sell for a loss.... simple as that. Then buy what you CAN afford.
For example you owe 100K the house will bring you 85K. You are now 15K in debt. If you are forced into the position to have to sell to survive and now add 15K to the debt you probably already piled up, how do you suggest these people will get a loan to buy a new home. They are more than likely candidates for bankruptcy.
So that would be next of prior to the forced sale of their home. You make it sound so easy. I hope you don't ever find yourself in such an easy position.
In most if not all states, the bank who loaned you the money is on the hook for the 15K, so that's a false argument. Even if you have to file for bankruptcy, are we lucky to have such provisions in the law to protect borrowers who made bad choices? Bankruptcy is not the end of the world, it's a chance at a fresh start. Lastly, rather than getting a loan to buy a new home, how about renting one? One that you can afford?
For example you owe 100K the house will bring you 85K. You are now 15K in debt. If you are forced into the position to have to sell to survive and now add 15K to the debt you probably already piled up, how do you suggest these people will get a loan to buy a new home. They are more than likely candidates for bankruptcy.
So that would be next of prior to the forced sale of their home. You make it sound so easy. I hope you don't ever find yourself in such an easy position.
In most if not all states, the bank who loaned you the money is on the hook for the 15K, so that's a false argument. Even if you have to file for bankruptcy, are we lucky to have such provisions in the law to protect borrowers who made bad choices? Bankruptcy is not the end of the world, it's a chance at a fresh start. Lastly, rather than getting a loan to buy a new home, how about renting one? One that you can afford?
Wrong, if a home is foreclosed on, then resold for less than the amount owed than the original debtor still owes the difference, same as when a vehicle is repossessed.
