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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (215312)8/10/2007 9:04:48 PM
From: Jaknik2  Respond to of 794032
 
Steve, ya finally said something I can agree with you on.

Purchasing a home at the limits of your financial ability to repay the loan is a bad idea. If you gamble and lose, so be it. It's not incumbent upon the taxpayers to bail you out of a poor decision.

Providing mortgage loans to high risk borrowers is bad business. It's not incumbent upon the taxpayers to bail you out of a poor decision.

ARM's are more often than not a BAD idea. You can most always refinance a fixed mortgage loan if and when interest rates fall.

I feel bad for the folks caught up in this mess but hey, if I had gone out and lived beyond my means like they apparently did, I'd be in the same boat.

What I'd like to have and what I can afford are worlds apart!

Jak



To: Steve Lokness who wrote (215312)8/11/2007 2:17:57 AM
From: John Carragher  Read Replies (1) | Respond to of 794032
 
i am not dishonest , just reporting what the democrats on interviews say , like cramer these people should not lose their homes we got to find a way to help them.

charlie Rangel i think was suggesting 50 year mortgages. take your blinders off.


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