- Thread starter
- #21
No one's life is ruined by being foreclosed on. No one is rendered homeless by being foreclosed on. That is a liberal myth. Most foreclosed people end up renting for less money. Ever hear of "jingle mail"?
Lol, you're right Rabbi. No one is ruined by being foreclosed upon.
In related Rightwing news, no neighbors lose home value when someone is foreclosed upon. That's why homes in Detroit are selling for less than cars!
The gov't has already tried keeping people in their homes. The result has been no recovery in the housing market and a continuing economic stagnation.
Bush Sr did exactly what I wrote in 1990 after the S&L collapse. It worked fine and within 2 years the housing market was back on track.
Are you honestly attempting to compare the S&L crisis to our current situation?
Seriously?
So your proposal to keep neighbors' home values high is to artificially prop up the price of homes? Seriously? Are you serious?
And no, no one's life is ruined by being foreclosed on. Show me one person. Their credit might be shot for several years but plenty of people live with no credit.
And please, genius, tell us why this housing oversupply is different from 1990s.