Sunday, September 26, 2021
HomePatriot DispatchesNothing Makes Sense Anymore

Nothing Makes Sense Anymore

 

 

From the Washington Times:

 

Mortgage bankers are hailing the Obama administration’s decision Monday to begin yet another attempt to help “underwater” homeowners who are current on their payments to refinance and avoid foreclosure.

 

?  If you are “current on your payments”  why would you need to refinance and avoid foreclosure?

 

And another thing – this “underwater” business.  I know all the cool kids say “underwater” and I guess being “underwater’ on a house is worse than being “underwater’ on your yacht, but still, why is it my problem that somebody owes more on their house than it is worth?  Lot’s of people owe more on their cars than they’re worth.  Lots of people owe more on their credit cards than the junk they bought with them is worth.  Why is any of this my problem?

bobmontgomery
Poor. No advanced degrees. Unorganized. Feeble. Disjointed. Random. Past it. .... Intrigued, Interested, Patriotic and Lucky.

3 COMMENTS

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3 COMMENTS

  1. If my experience is any kind of example, most of the people facing foreclosures are the unemployed/underemployed who can no longer make the payments on the house they could easily afford a few short years ago.
    If you can and are making the payments on your primary residence I don’t see that YOU have a problem, no matter what the resale value of your house currently is. You have your place to live and are not in danger of losing it.

    What about speculators? Tough potatoes! You invested in a commodity in a free market and you bet wrong. Eat it, regroup and move on. I feel no obligation to bail YOU out, after all, I lost my primary residence! If I couldn’t afford to make MY payments why on earth would I be interested in helping make YOUR payments?

  2. Several years ago, the Betty Ford Center charged $30,000 for drug addiction treatment. Sam Kinison pointed out that if you were a drug addict and you still had $30,000… You don’t have a problem. This sounds pretty similar.

  3. Bob, I think we may be seeing another case of projection from the amoral folks in this administration. I’d bet that most of them, if they found themselves ‘underwater’, even if they were current on payments, would simply ‘walk away’. Either that, or they’re once again just making noise, pretending they’re doing something worthwhile when actually they’re not. Yet another dose of smoke and mirrors.

  1. If my experience is any kind of example, most of the people facing foreclosures are the unemployed/underemployed who can no longer make the payments on the house they could easily afford a few short years ago.
    If you can and are making the payments on your primary residence I don’t see that YOU have a problem, no matter what the resale value of your house currently is. You have your place to live and are not in danger of losing it.

    What about speculators? Tough potatoes! You invested in a commodity in a free market and you bet wrong. Eat it, regroup and move on. I feel no obligation to bail YOU out, after all, I lost my primary residence! If I couldn’t afford to make MY payments why on earth would I be interested in helping make YOUR payments?

  2. Several years ago, the Betty Ford Center charged $30,000 for drug addiction treatment. Sam Kinison pointed out that if you were a drug addict and you still had $30,000… You don’t have a problem. This sounds pretty similar.

  3. Bob, I think we may be seeing another case of projection from the amoral folks in this administration. I’d bet that most of them, if they found themselves ‘underwater’, even if they were current on payments, would simply ‘walk away’. Either that, or they’re once again just making noise, pretending they’re doing something worthwhile when actually they’re not. Yet another dose of smoke and mirrors.

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