Apparently, the huge spending bill that Obama just signed didn’t really address the housing issue, so he’s going to introduce another one to cover it

“Under the housing plan, Mr Obama is expected to outline two main elements: using government money to reduce loans, and increasing pressure on lenders to renegotiate mortgages and bring down monthly payments.

The plan faces many additional hurdles. Choosing which home-owners to help will be complex and controversial. Tens of millions of American who struggled to meet payments will inevitably resent seeing a neighbour effectively bailed out after taking on an irresponsible loan”

http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5755418.ece

So, what if people STILL can’t pay those mortgages?…Do we just keep making more spending bills for them?…Do we just force the banks to let them keep the houses for whatever amount the defaulter can pay?

Why can’t we just tell them that if they make less than $ 25,000 a year, they can’t afford a $ 300,000 house?…That wouldn’t cost the taxpayers anything

Why can’t they just buy a house that they CAN afford?…Like most people do…

*Note: I asked this question yesterday but someone keeps having all of my questions deleted…I’m asking it again because I didn’t get a chance to read the answers before it was deleted, and I really want to know peoples’ thoughts on this…Especially since this plan was actually introduced today.

Shell maintenance jobs when obama next stimulus package
 

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Why would co-signers on house loan ask us to put 2nd mortgage on our house?

ok so my husband and I just refinanced our loan in October and still needed a co-signer.We just do not have that great of credit yet. But, we have decided we want to move and rent again, found a better house Of course we wrote out a contract to cover ourselves and our co-signers asked [...]

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