Comments on: Obama’s Housing Promises http://blownmortgage.com/2008/11/05/obamas-housing-promises/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Mon, 09 Nov 2009 22:42:54 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: pookia http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-71157 pookia Sun, 25 Jan 2009 16:24:52 +0000 http://blownmortgage.com/?p=1584#comment-71157 Woking with your bank is a nightmare...They should do something now to help the homeonwer in trouble not the banks. Woking with your bank is a nightmare…They should do something now to help the homeonwer in trouble not the banks.

]]> By: pookia http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-14228 pookia Sun, 25 Jan 2009 15:24:52 +0000 http://blownmortgage.com/?p=1584#comment-14228 Woking with your bank is a nightmare...They should do something now to help the homeonwer in trouble not the banks. Woking with your bank is a nightmare…They should do something now to help the homeonwer in trouble not the banks.

]]> By: pookia http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-62031 pookia Sun, 25 Jan 2009 15:24:52 +0000 http://blownmortgage.com/?p=1584#comment-62031 Woking with your bank is a nightmare...They should do something now to help the homeonwer in trouble not the banks. Woking with your bank is a nightmare…They should do something now to help the homeonwer in trouble not the banks.

]]> By: Andrew_Diego http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-12202 Andrew_Diego Thu, 06 Nov 2008 17:56:10 +0000 http://blownmortgage.com/?p=1584#comment-12202 How funny that Bozo Ears Obama thinks a $500 tax credit (is that ?chump change? as he likes to call thousands of dollars in tax increases on other people) and transparency will ?solve? the housing crisis. Are people who make under $50K going to come to the rescue and fix the housing problems? Hell no. Did fraud help cause this horrible problem? Damn right. Will stopping fraud do enough to correct the situation? No way. BO?s plan sounds like?well?lipstick on a pig if you ask me.<br><br>The housing crisis is a credit and lending crisis. There is far too much of a housing supply and simply far too little demand, due to the credit and lending situation. Perhaps he should work with the FHA and make some changes to the qualification requirements for buyers. Not just 1st time buyers, or minorities, buy any employed person or family who want to buy, can prove their ability to make the payment, and are willing to buy a distressed home (REO, foreclosure, short sale, etc.). I believe this would be the best place to start, but then again BO has Freddie and Fanny morons on his economic advisement staff. I guess he learned at Harvard to get advice from the bozos who helped cause this horrific mess, in order to get us out of it. How brilliant. <br><br>Andrew How funny that Bozo Ears Obama thinks a $500 tax credit (is that ?chump change? as he likes to call thousands of dollars in tax increases on other people) and transparency will ?solve? the housing crisis. Are people who make under $50K going to come to the rescue and fix the housing problems? Hell no. Did fraud help cause this horrible problem? Damn right. Will stopping fraud do enough to correct the situation? No way. BO?s plan sounds like?well?lipstick on a pig if you ask me.

The housing crisis is a credit and lending crisis. There is far too much of a housing supply and simply far too little demand, due to the credit and lending situation. Perhaps he should work with the FHA and make some changes to the qualification requirements for buyers. Not just 1st time buyers, or minorities, buy any employed person or family who want to buy, can prove their ability to make the payment, and are willing to buy a distressed home (REO, foreclosure, short sale, etc.). I believe this would be the best place to start, but then again BO has Freddie and Fanny morons on his economic advisement staff. I guess he learned at Harvard to get advice from the bozos who helped cause this horrific mess, in order to get us out of it. How brilliant.

Andrew

]]> By: Andrew_Diego http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-62030 Andrew_Diego Thu, 06 Nov 2008 17:56:10 +0000 http://blownmortgage.com/?p=1584#comment-62030 How funny that Bozo Ears Obama thinks a $500 tax credit (is that “chump change” as he likes to call thousands of dollars in tax increases on other people) and transparency will “solve” the housing crisis. Are people who make under $50K going to come to the rescue and fix the housing problems? Hell no. Did fraud help cause this horrible problem? Damn right. Will stopping fraud do enough to correct the situation? No way. BO’s plan sounds like…well…lipstick on a pig if you ask me.<br><br>The housing crisis is a credit and lending crisis. There is far too much of a housing supply and simply far too little demand, due to the credit and lending situation. Perhaps he should work with the FHA and make some changes to the qualification requirements for buyers. Not just 1st time buyers, or minorities, buy any employed person or family who want to buy, can prove their ability to make the payment, and are willing to buy a distressed home (REO, foreclosure, short sale, etc.). I believe this would be the best place to start, but then again BO has Freddie and Fanny morons on his economic advisement staff. I guess he learned at Harvard to get advice from the bozos who helped cause this horrific mess, in order to get us out of it. How brilliant. <br><br>Andrew How funny that Bozo Ears Obama thinks a $500 tax credit (is that “chump change” as he likes to call thousands of dollars in tax increases on other people) and transparency will “solve” the housing crisis. Are people who make under $50K going to come to the rescue and fix the housing problems? Hell no. Did fraud help cause this horrible problem? Damn right. Will stopping fraud do enough to correct the situation? No way. BO’s plan sounds like…well…lipstick on a pig if you ask me.

The housing crisis is a credit and lending crisis. There is far too much of a housing supply and simply far too little demand, due to the credit and lending situation. Perhaps he should work with the FHA and make some changes to the qualification requirements for buyers. Not just 1st time buyers, or minorities, buy any employed person or family who want to buy, can prove their ability to make the payment, and are willing to buy a distressed home (REO, foreclosure, short sale, etc.). I believe this would be the best place to start, but then again BO has Freddie and Fanny morons on his economic advisement staff. I guess he learned at Harvard to get advice from the bozos who helped cause this horrific mess, in order to get us out of it. How brilliant.

Andrew

]]> By: Jbarbruy http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-12201 Jbarbruy Thu, 06 Nov 2008 15:21:40 +0000 http://blownmortgage.com/?p=1584#comment-12201 Here is a plan of the people by the people for the peoplei have seen simular ideas around but i think this is the problem solver Instead of bailing out the banks and other financial istitutions why not bailout the people let me ask you when was the last time that your current banking institution actually helped or acomidated you? Dont confuse helping you with accomidating your money. Ok here is the meat instead of we the people lending our money to the Banks why not turn it over to each and every American lets say for everyone 19 and over give them 1 million dollors and everyone else 500 thousand Taxed of course and the check would need to be deposited into a financial institution of people choice with that money people that currantly have homes payoff thier mortgages and people wanting to buy a home would buy up the exsiting homes thus would stabilize home values banks couldnt blame the housing crisses anylonger for thier losses the people 18 and younger would have the opprotunity to further there education ect something like this would get the worlds attention we the people are the driving force of our econmy not the other way around. Something this big may not be a fix all but it would be desisive oh and on Monday watch the econmy of our great country flourish with our greatest resouce the people striving to better our world our kids that are our future would carry our light forward I know that the powers to be fear something like this because they could no longer control We the Masses and our Politicians would begin to understand that they are doing the JOB for us not their special interest. Here is a plan of the people by the people for the peoplei have seen simular ideas around but i think this is the problem solver Instead of bailing out the banks and other financial istitutions why not bailout the people let me ask you when was the last time that your current banking institution actually helped or acomidated you? Dont confuse helping you with accomidating your money. Ok here is the meat instead of we the people lending our money to the Banks why not turn it over to each and every American lets say for everyone 19 and over give them 1 million dollors and everyone else 500 thousand Taxed of course and the check would need to be deposited into a financial institution of people choice with that money people that currantly have homes payoff thier mortgages and people wanting to buy a home would buy up the exsiting homes thus would stabilize home values banks couldnt blame the housing crisses anylonger for thier losses the people 18 and younger would have the opprotunity to further there education ect something like this would get the worlds attention we the people are the driving force of our econmy not the other way around. Something this big may not be a fix all but it would be desisive oh and on Monday watch the econmy of our great country flourish with our greatest resouce the people striving to better our world our kids that are our future would carry our light forward I know that the powers to be fear something like this because they could no longer control We the Masses and our Politicians would begin to understand that they are doing the JOB for us not their special interest.

]]> By: Jbarbruy http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-62029 Jbarbruy Thu, 06 Nov 2008 15:21:40 +0000 http://blownmortgage.com/?p=1584#comment-62029 Here is a plan of the people by the people for the peoplei have seen simular ideas around but i think this is the problem solver Instead of bailing out the banks and other financial istitutions why not bailout the people let me ask you when was the last time that your current banking institution actually helped or acomidated you? Dont confuse helping you with accomidating your money. Ok here is the meat instead of we the people lending our money to the Banks why not turn it over to each and every American lets say for everyone 19 and over give them 1 million dollors and everyone else 500 thousand Taxed of course and the check would need to be deposited into a financial institution of people choice with that money people that currantly have homes payoff thier mortgages and people wanting to buy a home would buy up the exsiting homes thus would stabilize home values banks couldnt blame the housing crisses anylonger for thier losses the people 18 and younger would have the opprotunity to further there education ect something like this would get the worlds attention we the people are the driving force of our econmy not the other way around. Something this big may not be a fix all but it would be desisive oh and on Monday watch the econmy of our great country flourish with our greatest resouce the people striving to better our world our kids that are our future would carry our light forward I know that the powers to be fear something like this because they could no longer control We the Masses and our Politicians would begin to understand that they are doing the JOB for us not their special interest. Here is a plan of the people by the people for the peoplei have seen simular ideas around but i think this is the problem solver Instead of bailing out the banks and other financial istitutions why not bailout the people let me ask you when was the last time that your current banking institution actually helped or acomidated you? Dont confuse helping you with accomidating your money. Ok here is the meat instead of we the people lending our money to the Banks why not turn it over to each and every American lets say for everyone 19 and over give them 1 million dollors and everyone else 500 thousand Taxed of course and the check would need to be deposited into a financial institution of people choice with that money people that currantly have homes payoff thier mortgages and people wanting to buy a home would buy up the exsiting homes thus would stabilize home values banks couldnt blame the housing crisses anylonger for thier losses the people 18 and younger would have the opprotunity to further there education ect something like this would get the worlds attention we the people are the driving force of our econmy not the other way around. Something this big may not be a fix all but it would be desisive oh and on Monday watch the econmy of our great country flourish with our greatest resouce the people striving to better our world our kids that are our future would carry our light forward I know that the powers to be fear something like this because they could no longer control We the Masses and our Politicians would begin to understand that they are doing the JOB for us not their special interest.

]]> By: Mohamad http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-12200 Mohamad Wed, 05 Nov 2008 22:01:48 +0000 http://blownmortgage.com/?p=1584#comment-12200 The government needs to cut military spending by 75% and use a portion of that money on infrastructure (taking overall spending lower). I hate kaynes, but this is the only thing that gives the US a chance of avoiding an hyperinflationary recession. The government needs to cut military spending by 75% and use a portion of that money on infrastructure (taking overall spending lower). I hate kaynes, but this is the only thing that gives the US a chance of avoiding an hyperinflationary recession.

]]> By: Mohamad http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-62028 Mohamad Wed, 05 Nov 2008 22:01:48 +0000 http://blownmortgage.com/?p=1584#comment-62028 The government needs to cut military spending by 75% and use a portion of that money on infrastructure (taking overall spending lower). I hate kaynes, but this is the only thing that gives the US a chance of avoiding an hyperinflationary recession. The government needs to cut military spending by 75% and use a portion of that money on infrastructure (taking overall spending lower). I hate kaynes, but this is the only thing that gives the US a chance of avoiding an hyperinflationary recession.

]]> By: whoward http://blownmortgage.com/2008/11/05/obamas-housing-promises/comment-page-1/#comment-12199 whoward Wed, 05 Nov 2008 21:45:39 +0000 http://blownmortgage.com/?p=1584#comment-12199 500.00 in incentive isn't going to cause any buyer to move forward on the purchase of a home. We need something much more substantial. The current tax credit of 7,500 hasn't helped increase new home sales at all. The public just doesn't buy it, primarily because it's a loan disguised as a tax credit. 500.00 in incentive isn't going to cause any buyer to move forward on the purchase of a home. We need something much more substantial. The current tax credit of 7,500 hasn't helped increase new home sales at all. The public just doesn't buy it, primarily because it's a loan disguised as a tax credit.

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