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Obama mulls rental option in lieu of foreclosure
#1
Quote:Obama mulls rental option for some homeowners-sources

NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft)

Obama is now guaranteed the deadbead vote.
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#2
WarBicycle Wrote:
Quote:Obama mulls rental option for some homeowners-sources

NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft)

Obama is now guaranteed the deadbead vote.

Well thanks to ACORN he already got the Dead vote.
A patriot must always be ready to defend his country against his government
Edward Abbey
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#3
WarBicycle Wrote:
Quote:Obama mulls rental option for some homeowners-sources

NEW YORK, July 14 (Reuters) - U.S. government officials are weighing a plan that would let borrowers who have fallen behind on their mortgage payments avoid eviction by renting their homes instead, sources familiar with the administration's thinking said on Tuesday.

Under one idea being discussed, delinquent homeowners would surrender ownership of their homes but would continue to live in the property for several years, the sources told Reuters.

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft)

Obama is now guaranteed the deadbead vote.
Now, is that bad in your opinion? How comes that foreclosure sales never ever fetch the price the bankrupt owners paid for a house? What's paid in foreclosures is the real, the market value.
"You know, Paul, Reagan proved that deficits don't matter." Dick Cheney
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#4
quadrat Wrote:What's paid in foreclosures is the real, the market value.

Wonder if you can find some stats to back that up, Q.

If you do, I'll stop laughing at you.

:lol:
I know you think you understand what you thought I said,
but I'm not sure you realize that what you heard is not what I meant!
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#5
Unbelievable!

Someone can't pay their mortgage, let's not only relieve them of that debt (the government would then be buying the home), but then allow them to stay in that home at a reduced "rent" payment and give them extra money to do this.

Yeah, this will teach folks not to buy into a place beyond their means, won't it?
I know you think you understand what you thought I said,
but I'm not sure you realize that what you heard is not what I meant!
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#6
Now you why 'illegals' can't wait to hop the fence.
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#7
Typical Jackasses. And since the overwhelming majority of Jackasses are either filthy rich, or filthy poor, both groups must be appeased. Since the filthy rich don't need any appeasement, other than their business being in the lead, that leaves the filthy poor, to take care of, AND nail down their votes.

Screw the middle class, who are going to foot all of this HorseShit. But who really cares: its all about power and tenure anyway. And especially if you are a Jackass, because you don't have to give lip service to small government, like the S&Gs.
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#8
Like democrats didn't already receive 100% of the "needy" people in America automatically. He's just continuing his take from the productive and give to the lesser so mentality.

Check this out. People KNOW what is going on and are making adjustments to it. What's funny is I bet a lot of the tax revenue falloff is from leftwing idiots who don't want to pay for their ideas. Note this,these revenue falloffs are WAY beyond the lowered economic activity numbers.

People are already starting to change their economic activity and decisions to prevent this man from further theft of their private assets. His "rich man surcharge" apprently is already being resisted:


HERE Raw treasury data


HERE Data Table in % revenue
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#9
John L Wrote:Typical Jackasses. And since the overwhelming majority of Jackasses are either filthy rich, or filthy poor, both groups must be appeased. Since the filthy rich don't need any appeasement, other than their business being in the lead, that leaves the filthy poor, to take care of, AND nail down their votes.

Screw the middle class, who are going to foot all of this HorseShit. But who really cares: its all about power and tenure anyway. And especially if you are a Jackass, because you don't have to give lip service to small government, like the S&Gs.


The Original White Supremists

I don't agree with many of the accusations in this video, but do think that there is a conspiracy to destroy the middle class, the New World Order is working hard to bring the class system to North America. We have 2 threats to deal with, the jihadists want to conquer the world for Islam and the elitists want to dominate for their world view.
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#10
The logical evolution of this hallucinating saga of the subprime mortgage owners, is that they end up renting.
One who can't afford to buy, rent. It's an illusion that you can buy a house without down payment on a 30 years mortgage, even if you happen to have a stable job in the short term.
Such mortgage are equal to a rent anyway as they are bound to never ever ends in the borrower ownership, save in the luckiest circumstances.

Yet, it's so more sexy to say "I'v bought a house" even if that means ruin for the rest of your life.

The second idea, to help those who lost their job, (indirectly because they took a mortgage, ironicaly) is a good idea to explore but it shouldn't be an unfair advantage over the unemployees who already rent or fully possess their house.
You can't add benefits to some and not to others.

But transforming mortgages into rent is an excellent idea: Money keeps flowing, bank assets keep a certain value even if reduced, the real estate market is less awash with dumped properties, less poeple are evicted etc.

But it's so more american to let the market fix itself: Let the real estate crash, have millions of empty house fastly degradating and millions of poeple back to the ghetos.
After all if you are poor and lost your job and your house it's your fault, personaly. It's so stupid to be poor. Isn't it?
Poeple should choose to be rich. They also should choose to be white, that's obvious.
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#11
I doubt they'll be paying fair market rent for their properties.
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#12
I agree, they will probably pay much less. But at least they will pay something.

The point is to keep the house out of the liquidqtion market.

Empty houses are degradating swiftly: Poeple angry at banks are smashing windows, looting averething that is removable and even setting them on fire.
They don't only degrate very fast and so does their value but they have zero return and even costs.

By keeping poeple inside while still siezing the house, the banks are keeping the asset value intact and some income.
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#13
...ledingue Wrote:After all if you are poor and lost your job and your house it's your fault, personaly. It's so stupid to be poor. Isn't it?
Poeple should choose to be rich. They also should choose to be white, that's obvious.
Wasted sarcasm. Bad decisions should lead to bad results. Long ago, such people served as canaries in the coal mine and were held up as warnings to others. Thus they served a useful purpose instead of becoming parasites.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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#14
John L Wrote:Typical Jackasses. And since the overwhelming majority of Jackasses are either filthy rich, or filthy poor, both groups must be appeased. Since the filthy rich don't need any appeasement, other than their business being in the lead, that leaves the filthy poor, to take care of, AND nail down their votes.

Wrong again John. Both the filthy rich and filthy poor don't even make up 25% of the population. And Obama only got about 75% of the poor vote and half the rich vote. So... this means that the overwhelming majority of Democrats are, in fact, middle class.
The rightist motto: "Facts?... we don't need no stinkin facts."

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#15
Buzz Wrote:
John L Wrote:Typical Jackasses. And since the overwhelming majority of Jackasses are either filthy rich, or filthy poor, both groups must be appeased. Since the filthy rich don't need any appeasement, other than their business being in the lead, that leaves the filthy poor, to take care of, AND nail down their votes.

Wrong again John. Both the filthy rich and filthy poor don't even make up 25% of the population. And Obama only got about 75% of the poor vote and half the rich vote. So... this means that the overwhelming majority of Democrats are, in fact, middle class.

The rich? According to the charts, the highest grouping was $200,000 or more. The truth is that the "REAL" rich, generally vote Jackass, because only a Jackass will hold back competition and income growth. And it is only natural for the rich to grow lazy and get the State to protect their lead. That is why the love Fascism so much. Your comarrison is not relevent, unless you consider the rich to be anyone earning $200,001.
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About Coronavirus - “Suddenly I begin to understand why Charlie gets so excited over taking a walk outside.”
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