tag:blogger.com,1999:blog-12686782.post7428144052696431695..comments2023-07-06T06:57:28.024-05:00Comments on Boomer Chick: An Ordinary Day in the Life of a Boomer Babe: Foreclosures - Why is it the government's responsibility to bail us out?Unknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-12686782.post-28901687597233552082008-09-18T07:26:00.000-05:002008-09-18T07:26:00.000-05:00There have been a lot of foreclosures in Las Vegas...There have been a lot of foreclosures in Las Vegas. Too many people bought houses they couldn't afford. And too many lenders convincing them it was possible.<BR/><BR/>I'd watch "Househunters" and hear how much they were spending and wonder how could they possibly afford that. They couldn't. And then speculators jumped in and drove the prices up expecting the prices to keep going up and so they Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12686782.post-13241754687095553392008-09-15T19:49:00.000-05:002008-09-15T19:49:00.000-05:00Well, golly, I don't know. Damn.Well, golly, I don't know. Damn.OldHorsetailSnakehttps://www.blogger.com/profile/00865830344885164689noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-1952242811725357322008-09-13T19:19:00.000-05:002008-09-13T19:19:00.000-05:00Another retired chap like Dick. You are right on, ...Another retired chap like Dick. You are right on, and Anne Holmes too. The government should let the free market direct this sort of mortgage abuse; not become a bigger part of the problem. <BR/><BR/>Can I change the subject. The possible mortal effects of global warming are in the future. Radical Islam threatens civil societies now - but if you put either of these horrors in perspective, they Dixon Webbhttps://www.blogger.com/profile/07202690322034731396noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-20890278289472279672008-09-12T21:49:00.000-05:002008-09-12T21:49:00.000-05:00I think one big part of the problem is too many pe...I think one big part of the problem is too many people bought more house than they could afford because of "special" financing that allowed it to work. For awhile. They expected the value of that house to increase so that in 2 or 3 years they could refinance and have enough equity to get a good mortgage. But, instead of appreciating, houses have been going down in value over the last year or Dickhttps://www.blogger.com/profile/12381970360203140143noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-26138008728029370802008-09-11T13:58:00.000-05:002008-09-11T13:58:00.000-05:00There are many reasons why a person or family coul...There are many reasons why a person or family could find themselves over their head in a mortgage situation. I know from person experience, as I'm one of them. I didn't overspend, get an adjustable rate mortgage, refinance, or buy with no money down--yet I'm in dire trouble. It can happen to a hard working, responsible, reasonable person.PBShttps://www.blogger.com/profile/01672893473413051922noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-49110562723047404112008-09-10T13:30:00.000-05:002008-09-10T13:30:00.000-05:00Hi Dorothy, Sorry your cookies are frosted. This w...Hi Dorothy, <BR/><BR/>Sorry your cookies are frosted. This whole housing situation is rather complex however, and I don't think we can lay all the blame on the homeowners. <BR/><BR/>Sure, it's been the "American Way" to mortgage ourselves to the hilt, but we Americans are also positive thinkers, who always believe times are going to get better -- and there's something in there too about wanting Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12686782.post-20678574804952192792008-09-08T14:59:00.000-05:002008-09-08T14:59:00.000-05:00Oh, thanks for your comment, Cheryl. This just ha...Oh, thanks for your comment, Cheryl. This just has me so fired up. Reminds me of this girl at work who refuses to make herself better and instead relies on handouts. Just frosts my cookies.thewriterslifehttps://www.blogger.com/profile/09408434848838447115noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-55808576906848527052008-09-08T14:58:00.000-05:002008-09-08T14:58:00.000-05:00Now see, there's your problem right there. If it ...Now see, there's your problem right there. If it isn't a fixed rate mortgage, I wouldn't even touch it. The way the economy is? You'd be stupid to buy a house with a flexible mortgage just to live in a house that is beyond your means and you know it. People have no sense.thewriterslifehttps://www.blogger.com/profile/09408434848838447115noreply@blogger.comtag:blogger.com,1999:blog-12686782.post-89525570826495993752008-09-08T14:47:00.000-05:002008-09-08T14:47:00.000-05:00I agree with you. I don't expect anyone to help m...I agree with you. I don't expect anyone to help me out if I overspend, but I think this is part of the government's way of trying to control more than it needs to. Coincidentally, your candidate Obama would be supportive of measures like this. <BR/><BR/>Part of what happened is that the housing economy stunk, so lenders began to offer no money down mortgages. And, interest rates were so low Cherylhttps://www.blogger.com/profile/03470069911115912344noreply@blogger.com