Click on a label to read posts from that part of the world.
Aug 2nd 2012 4:09PM How did D.Thomas get a mortgage to begin with. In 2009 she was 64 with no possible future income capable of sustaining a 1400+ motgage payment? Now taxpayers have to bail her out? Let her go back to renting an apartment on title 8 or whatever.
Jul 24th 2012 6:37PM Well if the homeowners evaluation goes down so does their taxes I would think. The outcome of all this though is that affordable housing for seniors in going to become non existant. Oh sure we can spend our life's savings for a home then just sit and watch TV as we have no money left to do anything meaningful with our lives. The housing industry lobbyist has gotten the politicians to pass so many building and zoning restrictions that a senior on limited income has little or no choice in where they live or what they live in.
Jul 8th 2012 5:20PM I still wonder if it were a muslim group doing the same wuold the police be envolved?
Jun 27th 2012 8:32AM Andy , you just stated what the majority of people feel down here on main street but those on wall street are pulling the strings in Washington still.
Jun 25th 2012 8:41AM Well I sure hope that one portfolio investor isn't the Federal Reserve or my pension portfolio.
As for these types of loans which appear to be aimed at the 1% ers when their mortgage goes underwater I sure hope our government keeps thier hands out of our pockets to keep them afloat.
Jun 19th 2012 12:21PM Isn't it ironic that folks who currently have undewater mortgages didn't seem to feel that their mortgage payment was too high when they purchased their house. So what if the house is valued lower then they should apply for a property tax reduction. They still have to live someplace and pay x amount of money for housing.
Oct 7th 2011 11:17AM What does this country expect when we shift our economic base from industrial/agricultural to a service/retail economy? How many in the latter are able to afford a home purchase on tips and minimum wage jobs? All the while the home building and real estate industry make absurd profits all down the line from sale of building lots. mortgage brokers fees to actual construction costs. One Arizona builder gave millions of dollars to ASU proving that there was plenty of profit from his company to afford the generous gift to the university with plenty left over for a luscious lifestyle.
Jul 20th 2011 6:53AM Perhaps Oprah should subsidize some tourism to Australia on her own? The average US citizen has better things to do with their money I think than to trot about the globe when there is so much to see and do on the US homeland.
Jun 8th 2011 8:52AM I agree with Ollie. I reduced my viewership of CSI when WP left. I bore though it mostly just to get to the Mentalists.
Jun 2nd 2011 4:15PM So how do we explain that there are still chimps and monkeys if they evolved into humans?