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Politics : President Barack Obama
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To: Road Walker who wrote (103895)11/5/2011 11:09:02 AM
From: ChinuSFO  Read Replies (1) of 149317
 
Good post. It got me thinking and my initial reaction is that the Govt. should bot be in the business of giving cold hard cash away. Or even the banks should not be expected to do so. OTOH, if these folks had job opportunities, wouldn't they be in a position to pay down the debt over an extended period of time instead of the original 30 year period? Besides, in a good economy, the houses will appreciate. So why should anybody want to lower the principal when the possibility exists for price appreciation in a good economy.
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