Craziest Idea/Response to Rescue Plan You've Heard

[KB5252]

I agree, but the quote by the OP only spoke of people currently holding mortgages. You would be giving away $250,000 to people who have mortgages, and those of us who rent would eventually pay that with our taxes... we would see nothing.

I want to become a homeowner in the next year or so, but being fiscally responsible I did NOT take that plunge earlier this year knowing that I could not afford it. I have other loans I would like to pay off first, and build up some decent cash for a down payment.

Why offer $250k to the people who jumped into a home beyond their means, and leave me, who is trying to be responsible, with nothing?

I may have misunderstood then. I was not aware there were people who would be getting free homes out of the deal.

 

[joevol320]

I agree, but the quote by the OP only spoke of people currently holding mortgages. You would be giving away $250,000 to people who have mortgages, and those of us who rent would eventually pay that with our taxes... we would see nothing.

I want to become a homeowner in the next year or so, but being fiscally responsible I did NOT take that plunge earlier this year knowing that I could not afford it. I have other loans I would like to pay off first, and build up some decent cash for a down payment.

Why offer $250k to the people who jumped into a home beyond their means, and leave me, who is trying to be responsible, with nothing?

you should have bought it. if, for some reason you couldn't afford it, the gov will bail you out.

 

[OrangeEmpire]

Yeah, that idea sounds fantastic for those of us that don't have a mortgage, and pay rent instead. :wacko:

Hello, go buy a house!

 

[rwemyss]

I may have misunderstood then. I was not aware there were people who would be getting free homes out of the deal.

This was just some idea that some guy was flapping on about that called in to Dave Ramsey's show... and Dave generally agreed. :banghead2:

you should have bought it. if, for some reason you couldn't afford it, the gov will bail you out.

I see that, NOW. :lol:

This is what I get for being libertarian. :crazy: