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  • Are We Becoming a Nation of Renters? Investing for the New Housing Dynamic [View article]
    You make the case for the complete abolition of confiscatory taxation!!

    fairtax.org


    On Nov 06 06:45 AM 3percenter wrote:

    > There is no such thing as a "homeowner". Stop paying your property
    > taxes and find out pretty quickly who really owns your home. I'm
    > 35 and have never owned a home. I am still renting and am able to
    > put away a good chunk of savings every month. My former neighbors
    > who were also tenants, on the other hand, bought their first home
    > at the peak of the boom and soon realized they were part of the sub-prime
    > borrowers crowd. They are now struggling to stay in their home without
    > a dime left over at the end of every month. The American Dream? No
    > thanks.
    Nov 06 15:32 pm |Rating: +3 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I DO mind the deferal of payments AND the foreclosure moratorium...and ANYTHING that involves government subsidizing or forcing banks to take the hit for home buyers that cannot make their payments! This is SOCIALIST interference with housing on the taxpayer dime, and is costing those who prudently waited to buy doubly -- we are footing the bill for those who overbought and also not being allowed the price reductions that would & should be occurring!!!


    On Jul 30 08:03 AM doubleguns wrote:

    > "defer [payment of] the money owed to a later time when, hopefully,
    > home values have improved."
    >
    > This sounds like if values don't rise you dont make payments. I am
    > sure that would prevent forclosures but at what cost. I dont mind
    > to defer the payments but it has to be some reasonable period of
    > time not "when the home values have improved."
    Jul 30 12:46 pm |Rating: +2 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    [quote]
    New help for homeowners. The White House is planning to announce new guidelines today to help homeowners struggling with Federal Housing Administration-insured mortgages. The guidelines will narrow the gap between the FHA's mortgage-modification program and the White House's foreclosure-prevention plan, and will "offer borrowers an opportunity to stay in their homes, make payments that are manageable and defer [payment of] the money owed to a later time when, hopefully, home values have improved.
    [end quote]

    Apparently my biggest financial mistake ever was not buying a home I couldn't afford. This is a total CROCK!!!
    Jul 30 12:43 pm |Rating: +3 -1 |Link to Comment
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