OohPooPahDoo
Gold Member
Obama talks about new housing help for homeowners - Yahoo! Finance
Awesome. My wife and I have been waiting for years to buy a house, and now interest rates are low, we have a 20% down payment, and we're pulling the trigger. We should have just gotten into a crappy sub-prime no money down ARM 10 years ago and then we'd be getting bailed out.
Thanks for rewarding our patience! Maybe instead of rewarding people who made bad decisions you could incentive those who waited by offering up that first time home buyer credit again. That will make it easier for those with good credit to take homes off the hands of those who fucked up
President Obama said that struggling homeowners need even more help from the banks, in a CBS town hall that aired Thursday.
Calling housing "the biggest headwind on the economy right now," Obama broached two relatively new ideas for the White House: Longer-term mortgage modifications and principal reductions "in some cases."
Awesome. My wife and I have been waiting for years to buy a house, and now interest rates are low, we have a 20% down payment, and we're pulling the trigger. We should have just gotten into a crappy sub-prime no money down ARM 10 years ago and then we'd be getting bailed out.
Thanks for rewarding our patience! Maybe instead of rewarding people who made bad decisions you could incentive those who waited by offering up that first time home buyer credit again. That will make it easier for those with good credit to take homes off the hands of those who fucked up