tag:blogger.com,1999:blog-8529580665294663953.post5889694023033110737..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: Why Have Homeowners Been Forgotten?NuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8529580665294663953.post-9234819821454339332008-11-21T12:09:00.000-08:002008-11-21T12:09:00.000-08:00Sorry to be a wet blanket, but people who rent the...Sorry to be a wet blanket, but people who rent their abodes do so from people who own them.<BR/><BR/>Renters are already paying a mortgage, all housing upkeep, taxes, interest, insurance - and they would end up paying the $2K you want to lump on top of that.<BR/><BR/><BR/>How about no bailouts, force the lenders and borrowers to fix their own problems - if a borrower can Refi at a current 30y Fixed, than do it - I don't care if the borrower is under water in a 50 year amortization, i don't care if the bank and their investors take it in the shorts because they have to forgive principle - it's their deal, make them work it out.<BR/><BR/>There will be some who can't pay the 30y fixed payment, they will get foreclosed upon but not evicted, and they will be forced to pay rent and mitigate the banks losses.<BR/><BR/>I f they can not pay rent - they have bigger problems which are not mortgage related.<BR/><BR/>there will be pain, but make it equal for the lenders and borrowers, and stop paying the banks to foreclose on people who could be made to pay.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-52204471232721664062008-11-20T16:51:00.000-08:002008-11-20T16:51:00.000-08:00help homeowners with a tax paid only buy people th...help homeowners with a tax paid only buy people that don't rent. that way it will be fair.<BR/><BR/>put a line in the federal tax code that says "if you own a house, add $2,000"<BR/><BR/>simple enough. people that rent to avoid paying inflated home prices shouldn't pay a dime of the homeowners bailout.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-45518565885656224132008-11-19T15:01:00.000-08:002008-11-19T15:01:00.000-08:00Nothing will be perfect, we can't save everyone - ...Nothing will be perfect, we can't save everyone - but we can at least make the banks and the borrowers both negotiate in good faith a resolution that keeps the losses from being passed on to the taxpayer - this will solve a chunk of the problem.<BR/><BR/>It is sure better than what we are doing now, which is using our tax dollars to incentivize the banks to let the foreclosures happen - they get reimbursed for their losses, end up owning 1/3 of all the homes in America, and never lose a dime of their 100's of billions of ill-gotten pay, bonuses and sweetheart stock option deals - putting the economy in the toilet while they walk away with our money.<BR/><BR/>This is better than anything I have heard, as it addresses most of the issues surrounding the crisis for the working-folk: foreclosure and eviction.<BR/><BR/>Screw the banks, let them pick up the repair costs out of the billions in fees they charged to make these bad loans - then there will be work for unemployed construction workers.Anonymousnoreply@blogger.com