New Homeowner Bailouts Won't Work Either

I'm up to date right now, i think i will let mine go get a restructuring and then start paying again!!...I feel sorry for my neighbor that already lost his house, bummer... He gets no help.... Once you give something away to a few then the demand goes skyrockets!! not good or fair...

It will work once the three stooges is gone COX PAULSON AND BERNANKE....IF Bush will fire them may be the situation will be a bit better.

Well people, another day of bad news. It is like murders we hear every day on the evening news. It DOES NOT phase us any longer. It happens on a daily basis that we are sensitized to it. But the reality is, the economy is screwed. Analysts are telling us, economists are telling us, WE as consumers are telling OURSELVES. We talk about POSSIBLE recession looming. LOL. Howabout calling it what it WILL be, MINI DEPRESSION? HOLD ON TO YOUR SEATS TODAY PEOPLE. IT IS GOING TO BE ANOTHER BUMPY RIDE.

The truth is many people who has mortgages abandon their home allready since last September.What the point of paying the repayment if the price of house still falling.....That is the basic reason I heared from leaving and abanding their home on mortgages.......Too late Baby....The trick do not work.....To be honest that voice of all in the neigbourhood...........

Has anyone had the feeling that people are making money by crying "poor", boo hoo for me? There was a time when you bought a big home and said to the world how great you were in busness, plus you could sell it and make a profit. Now that the tables have turned it seems that everyone is asking for help, "I made a big mistake and so come and bail me out of this mess". I smell money being made by crying " poor, poor, pitiful me". Hey, that was in a song.

And nothing continues to be done to highlight the Democratic led Congress that shielded a lot of this boondogle from oversight and now want to pour our money into saving their irresponsible's behinds.

HOPE NOW is more like "NO HOPE". They are on the side of the banks not the homeowners. it only delays this process does not help it. You can do the same thing with a credit agency. I think someone should look into the real help they are “NOT” providing.

Housing will bottom when prices are back to 3X income, which is the ration it has been for decades. That means someone making $75K a year buys a house for $220K, not for $660K like they did in the boom. Until that $660K house falls in price to $220K, all the bailouts in the world won't do a thing.

The banks are doing it again. Telling the press and the people they are “modifying” mortgages. Well its not fully true. In the simplest form they are providing a piece of gum for a crack in the leaking dam. It is only temporary and will only delay the whole situation until later. So what is the point? Also the lawyers will not allow this to happen… this is there bread and butter.

gloom and doom,doom and gloom, the media is not helping one bit They are following the rule if it bleeds it leads. I blame them for a lot of the misery that is going around these days. If they want what is best for america they should back off and give the bailouts a little time to take hold,In time it will sort it's self out.

The golden rule - 20% down, and the monthly payment should be not more than 33% of the take home pay. If you violate this rule, why should I bail you out? Assistance should be provided to those who 1) followed this rule; AND 2) had major reduction in income; AND 3) only owner occupied dwellings. - Notice 'AND's not 'OR's Assistance should be 1) longer term; 2) refinance (with associated fees added) to a current interest rate; 3) rolling past due into current mortgage; etc. - but NOT FREE MONEY!

Subprime loans-Shoulda done your homework before jumping into that "sweet" deal. The interesting note in all of this: Most FHA loans aren't delinquent. Hmm...wonder why that is. Oh, because they weren't just giving homes away to people who couldn't afford them or didn't deserve a loan, the way the subprime loan people were doing. My neighbor and I bought the same new home model. He paid full retail for his 2 years ago, I got it on a closeout 2 months ago. He's underwater by $50,000. I have $50,000 in equity. Shoulda done your homework before jumping in head first.

OH MY GOD.......Best Buy doing bad even..the monopoly electronic store......Man the espace pods lord helmet.

We didn't get into this mess overnight, and unfortunately, there are no quick fixs. The overall problem could have be prevent by Congress in 2002 had they not been part of this greed and corruption gone wild on both main street and Wall Street. If things look too good to be true-don't go therez!

Re 21:8 But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death. ( ALL LIARS!!! )

Most media are bias from thetart of boom to housing ladder now they are on the opposite side........In other words the media are bias even the editor like two edge sword.......

Henry's post begs the question: What happens if this attempt to help the mortgage holders doesn't work? What happens to the banks, to the homeowners, and to the government? Roubini has written that either the homeowners need to be bailed or the banks have to be bailed. 2 years ago he stated that only bailing the homeowners will be effective to prevent catastrophic economic change. If the homeowners go down and the banks go down, where should we have our money? Is it time to put it in mattresses or is it time to buy gold bullion in swiss vaults? How can we preserve our wealth when the banks fail and the government goes to its knees?

PAULSON MADE A REPORT OF ALL THE DETAIL OF BAIL-OUT IN PROGRESS.....WILL HE BE HONEST OR FULL OF COOK REPORTS........I WISHED HE WILL BE FRANK AND HONEST FOR THE LAST TIME BEFORE HE LEAVES THE OFFICE ON THE MESS.

The rhetoric is mind boggling! We all know only desirable properties will be bailed out and these people work in industries that are going to be hit by massive layoffs. When Citigroup would not work with me 4 yrs. ago I did an in-lieu-of-deed agreement and gave the money pit back to them. They wouldn't refinance my mortgage at the time because they had hundreds of people in line aching to be ripped off...the loan officers exact words. Now they are telling us it's time to buy! With what money? The housing market had to come back down to earth and our tax dollars shouldn'y have been offered up like a sacraficial lamb to these clowns. We had a chance to clean house and we didn't do it, do you really think the government will do it themselves...I doubt it.

Just keep your head down and wait.. it will take a while to level off..