gps_geek

Personal Responsibility and the Housing Bubble

This is GREAT article. My wife and I are always discussing the HGTV network. She and her friends LOVE the shows, BUT I think they are the most foolish, idiotic on TV. They make everything so easy and painless(of
course with FREE labor it always is!) that you would be a fool NOT to run out and buy 5...6...7 or more houses !

HGTV SUCKS!!!!!!!

The Free Lunch Approach to Finance

The American dream is not to be able to buy a house...

The American dream is to be able to AFFORD a house...

That means putting down enough to keep the payments affordable and
buying only enough house that you actually need. Somewhere, getting a bigger house was equated to having more wealth.

Why the 2008 Housing Relief Bill is No Relief

I agree that the housing bill is no relief at all but will just penalize "financially fit" people who live within their means.

To "Destroyed by divorce": HOW DARE YOU complain that your problems need to be fixed by someone else!!! No one FORCED you to buy anything, let alone force you to marry a jerk. Life is not fair!

Move on and stop complaining!

The Dodd Days of August

GSE's, when they made money, they were a private company (whose
management made lots of $$$)...when they lose billions they get the taxpayers to bail them out...

Thewy should be re-named GSCE...Government Sponsored Criminal Enterprises...

Sen. Dodd should be the new CEO....

Setting a New High Mark for the Next Housing Bubble

The National Association of Cry Babies (I mean Realtors), should team up with Fannie Mae and Freddie Mac to become a "GSCE"...

Government Sponsored CRIMINAL Enterprise

Senator Dodd could be it's CEO....

Flow of Funds Report: Maybe Bernanke Is Onto Something

I agree with CMartini...

Where is it written that a "homeowner" is GUARANTEED a profit? Or if his equity becomes negative, that a contract can be changed so the "homeowner" feels wealthy?

This idea by Uncle Ben is the dumbest thing I've heard of. Maybe because it's an election year, the dumbest ideas just keep coming...

Greenspan: Large Losses Loom

Yes, "Bubbles" Greenspan how sees the credit crisis as an "accident
waiting to happen". Of course HE caused the crisis through years of easy money.

ARM Bailout Unfair to Responsible Borrowers

To those of us, like the author, who did the right thing, (i.e. not getting in over our heads), I propose my own 5 year plan to FREEZE
income tax payments...email Paulson and Bush and tell them you can't afford to pay your taxes now....

Paulson's Plan is Nothing but Lip Service

I agree totally with the author and the insiders view...

Would you ever loan money to anyone if the terms could be modified just because lots of people are underwater???

Treasury Secretary Paulson: Voluntary Subprime Deal by Next Week

In all the BS about bailing out Subprime "homeowners", nowhere is there any talk about fixing the problems that got us here...

The failure of regulators at the federal level (FDIC, the Fed, banking regulators, etc) to end the practice of obtaining a mortgage without a REAL down payment. Both Democrat and Republican administrations for years gave whole hearted support for "new" and "creative" ways of increasing homeownership rates, through ever lower required down payments. When you have no equity, you have NO room for error. Until banks and wall street rocket scientists are made to put their "off-balance sheet" loans and other gimmicks back on "the balance sheet", nothing will improve.

The fact that Republicans, who always called themselves "free market capitalists" are now acting like Democrats by trying to bail out people who should never have been a "homeowner" is reason enough to never vote Republican again....

Time to move to another country....