oldskool

Obama's Homeowner Stability Plan: How Helpful Will It Be?

fireofenergy,

That is a sad story. Why didn't you make the payments you agreed to? I'm not trying to kick you while you are down, but you have the wrong attitude. You didn't lose any money until you gave up and let your house be repossessed. Now you ruined your credit and you locked in a loss. Just because the value someone else will pay for your house has gone down, doesn't mean you can't live in that house. You may feel like you didn't get a great deal, but the house didn't change. The market did. It also can and eventually will come back, but the more people that act irresponsibly and just let their houses be repossessed, the longer this will take.

All the people that you wrote your note to are paying for your mistakes too. We all loose when someone gives up and lets assests get repossessed. Someone has to pay for the asset. You could have enjoyed living in your house.

Little House on PIMCO’s Prairie

What about the home owner? It all started (starts) there. She obviously never intended to pay this mortgage or she would have never signed for 9.25% adjustable mortgage in 2007! She & her accomplices should be convicted of fraud, embezzlement, theft, pick your crime. We should not tolerate the, “I'm not responsible for my actions” attitude. Its not her fault she’s a drunk, cheat, dumb__. Its the appraiser’s fault, its the mortgage companies fault, its the governments fault . . .

Not to worry, we'll just print more money & give it to the banks no questions asked (but make the car companies hitchhike to Washington and submit a 100 page repot for a fraction of what the banks got). Makes me confident our problems will all be over soon as Obama prints a little more money to give away.

Teach your kids to live within their means. Maybe their kids world won't be as screwed up that way.

As Gas Prices Fall, Fuel Economy Loses Importance to Auto Shoppers

The wrong conclusions were read into these numbers. The only people buying cars right now are the wealthy and businesses that buy trucks. Therefore a higher percentage of the dismal total vehicle sales are gas guzzler cars and trucks that don't get great mileage either.

But since they brought it up CAFE does not work!!