Comments on: The mortgage entitlement bailout: Even worse than you think

By: danigon

danigon — Mon, 09 Mar 2009 13:11:52 +0000

I saw where it was a ballon payment after 5 years??? is that true?

By: DannoJyd

DannoJyd — Sun, 08 Mar 2009 16:41:23 +0000

OMG! I’m elegible due to the current work slow down that occurs every year about this time.

Disney Land, here I come!!!

[Maybe]

By: tarpon

tarpon — Sat, 07 Mar 2009 13:16:41 +0000

Free pies, free money, free houses.

Who needs reparations, Obama will give the world’s money back to it’s rightful owner — We all know the poor, and colored earned it all. Just read Michelle Obama’s college thesis.

By: GaMidnightRider

GaMidnightRider — Sat, 07 Mar 2009 06:06:11 +0000

President Urkel … That is a good one… ROFLMAO…

By: shimauma2

shimauma2 — Sat, 07 Mar 2009 04:48:10 +0000

At the mortgage bank I work for, we just went over the “barry hussein” newly approved method of qualifying modifications for homeowners. We’re to manually lower the percentage debt to income ratio until the customer qualifies, rather than stick with previously appointed standards. As long as their mortgages are under $417K they can easily qualify.

I love knowing I’m working in a vicious circle, collecting to get paid, getting paid to pay taxes, seeing my taxes go to the mortgages I’m collecting on, and so on and so forth.

By: Random-American

Random-American — Sat, 07 Mar 2009 01:12:14 +0000

With all the bailout bovine excrement, what exactly is the incentive for being responsible? I say again... YOUR mortgage is not MY problem.

By: RabbidSquirrel

RabbidSquirrel — Sat, 07 Mar 2009 00:34:49 +0000

Since I dont pay for my college age childs living expenses, I saw that Obama has massively increased the Pell grants through the stimulus package. (funding for poor college students)

I said to go get in line for as many social programs as possible and reclaim my tax dollars. (Pell grants, food stamps, whatever) Theres no need to rush through school like I did. Kick back and enjoy the ride until its time to become responsible.

Instead of sending any direct emergency funds, I said we will use the government as our bank now. Its no time to be proud. Why should I pay for my kids, someone elses kids, illegals kids and everyone else kids overseas?

Obama wants to tax me more, then Im gonna start gaming the system just like Im livin in NawLens too (new orleans) .

By: plymouthacclaim

plymouthacclaim — Fri, 06 Mar 2009 23:39:01 +0000

What about suspending or repealing the property taxes?

After all, the cities are getting “help” from the feds.

By: melancholybaby

melancholybaby — Fri, 06 Mar 2009 22:06:52 +0000

Like you, my wife and I spend more that 31% of our gross every month for the mortgage. We make the payment on time without problems. Our savings are being spent to send a child to college so I can eliminate them immediately. I watch with horror as the government prepares to steal my money to give it to people who are in my position. I also wonder if I’ll do what tanksoldier ahs said.

By: Boomer

Boomer — Fri, 06 Mar 2009 21:51:43 +0000

Once again we get punished for buying a home well within our means!

ΜΟΛΩΝ ΛΑΒE (mo-lone lah-veh) Translation: Come and take them!

By: tanksoldier

tanksoldier — Fri, 06 Mar 2009 21:46:53 +0000

The sad thing is that, as much as I opposed the bailout, I’m probably going to be eligible for it… and I’ll have to take it. I’m paying for it regardless so it seems stupid to pay into the scam and not get anything at all back out.

By: 24Klady

24Klady — Fri, 06 Mar 2009 21:24:52 +0000

Wall Street and it’s current woes is not a loss of faith by investors – it’s lack of faith in the person residing at Pennsylvania Ave..

I’ve thought for a number of years that if a person could not sell their home they could take out as many loans as they need to cash out total equity, and retire to another country – leaving the bank holding the worthless paper it is. Wish I’d taken my own advice!

Lastly, has anyone besides me wondered how our elected critters intend to pay for all this wonderfullness with so many unemployed?

By: Bogtrotter

Bogtrotter — Fri, 06 Mar 2009 21:05:05 +0000

I am retired, on a fixed income, and have a home. Just about every year I have received a notice from the bank telling me my payment is going up, usually between 20 and 30 bucks, to cover increaes in the property tax. My assessment, is up as it runs a year or so behind reality. Do I expect help, no, and I would not take it if it was offered to me. Oh, and things being what they are I have the thought in the back of my mind that there is no way the county is going to lower my assessment in the future to reflect real local market value. They taketh, never giveth.

By: shooter

shooter — Fri, 06 Mar 2009 20:58:01 +0000

I’ll ask again…
Would ACORN do anything differently than BHO if THEY were president of the US?

By: Tazed and Confused

Tazed and Confused — Fri, 06 Mar 2009 20:51:49 +0000

How about people who have recently lost their jobs, and now have no income?

Hey hey … this is great news for me. Since I’m now part of the New Economy, my household income has been radically cut… AND I QUALIFY !!!!

Now I feel like a complete a$$, since I’ve been dipping into savings to pay down my principal in addition to my monthly mortgage payment…

Ha… I’ll be calling my mortgage holder on Monday to arrange my new payment plan… Yipee… You ~~SUCKAS~~ guys will be paying my house off for me…. …