Do you think those of us who bought houses we could actually afford, saved up for a decent down payment, paid our bills on time and qualified for a decent fixed rate mortgage will get a tax break or something out of this latest bail-out deal?
2007-12-07 05:37:50 · 12 answers · asked by thegubmint 7 in Politics & Government ➔ Other - Politics & Government
Unfortunately, no. Responsible people only get screwed into paying for the irresponsible and/or lazy people.
2007-12-07 05:42:58 · answer #1 · answered by Trollbuster 6 · 2⤊ 1⤋
I Told You 6 Month's Ago,......
Bush's Using A Hurricane To Double The Price Of Gasoline Would Put People In The Streets.
Who's The Government Really Stepping In To Save? Fat Jew Mortgage Bankers & Stock Holders.
2007-12-07 05:58:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yeah...wouldn't that be nice. I look at it this way, we probably have a heck of a lot better credit rating than most of our neighbors and probably got a lot cheaper interest rate. Our homeowner's insurance is also cheaper. I kind of wish the banks weren't bailing people out since it encourages people to live beyond their means and not save money. We've also been hoping our noisy, lazy, dirty,obnoxious neighbors get foreclosed on so we'll be rid of them. We know they're living on credit cards and well beyond their means so it was only a matter of time until the government stepped in. It does feel a bit like it pays more to be irresponsible than responsible lately, doesn't it?
2007-12-07 05:48:50 · answer #3 · answered by luckythirteen 6 · 1⤊ 0⤋
Yep, the value of your house will not fall nearly as much if that many more people defaulted. Also, your home value will most likely recover sooner.
Only people who are paying their current mortgage rates will get the interest rate locked in, and this will only last for about five years, and then after that they are going to probably have to deal with higher interest rates.
2007-12-07 06:19:57 · answer #4 · answered by poet1b 4 · 1⤊ 0⤋
That's all done for the banks. The "bubble" sky rocket prices so people borrow $200,000 for a property that if the bank foreclose and try to sell in the declining market that it is now, would get $150,000 if not lower. Not to mention that it will take them 6 month or more to sell. Multiply that many thousands of times and let me know who being bailed out.
2007-12-07 06:01:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you mean extra reward for doing the right things, I'm afraid not.
Except for the fact that you were not lead on by the so-called American Dream of homeownership through various schemes of lower interest rates with unregulated flucuations in interest rates at various futures dates.
The fact that you aren't involved with any of this mess yourself,
Should be your own reward!
2007-12-07 06:12:19 · answer #6 · answered by THE Cupid HATER 7 · 1⤊ 0⤋
I feel for the young couples that put to much trust into the corporations in believing that the company can only give what they afford and the corporations are not people and have no feelings like humans and their morals are to profit and shareholders.
2007-12-07 05:45:29 · answer #7 · answered by Anonymous · 0⤊ 0⤋
We already get a tax break. The interest paid.
Other than that, NO.... We will never get an attaboy from Uncle Sam.
2007-12-07 05:42:40 · answer #8 · answered by Anonymous · 2⤊ 0⤋
Don't twoory he fixed interest rates will still destory most those people their spending habbits will not change keep up the faith.
2007-12-07 05:41:24 · answer #9 · answered by Anonymous · 1⤊ 0⤋
I seriously doubt it. We will just be asked for a little more in taxes to help pay for it.
2007-12-07 05:42:16 · answer #10 · answered by Anonymous · 3⤊ 0⤋