Comments on: The Top 10 Reasons Why 4.5% 30 Year Mortage Rates Will Not Fix The Housing Crisis http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/ Thu, 15 Dec 2011 02:01:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: آموزش مش http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/comment-page-1/#comment-933 آموزش مش Fri, 12 Dec 2008 14:32:32 +0000 http://thetop10reasons.com/?p=283#comment-933 excellent ,Thanks for the post excellent ,Thanks for the post

]]> By: Jenny R. http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/comment-page-1/#comment-925 Jenny R. Mon, 08 Dec 2008 16:04:56 +0000 http://thetop10reasons.com/?p=283#comment-925 I am a new blogger which has given me appreciation of what others do with their blogs. I just wanted to say good work and although our sites are not really related if you want to swap blogrole links I would be interested. I am a new blogger which has given me appreciation of what others do with their blogs. I just wanted to say good work and although our sites are not really related if you want to swap blogrole links I would be interested.

]]> By: Brad G http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/comment-page-1/#comment-921 Brad G Sat, 06 Dec 2008 19:11:07 +0000 http://thetop10reasons.com/?p=283#comment-921 @ Scott Sounds like you and I think the same. This is the first year in my life where I have paid attention to government doings and politics. Instead of doing what I always did in the past I decided to form my own opinion. The closest thing to a revolution I did was vote for Ron Paul. http://thetop10reasons.com/the-top-10-reasons-why-i-wrote-in-my-2008-presidential-election-vote-for-ron-paul Thanks for the article. It proves that a number of our elected officials know nothing and yet how they keep their jobs amazes me. @ Scott

Sounds like you and I think the same. This is the first year in my life where I have paid attention to government doings and politics. Instead of doing what I always did in the past I decided to form my own opinion. The closest thing to a revolution I did was vote for Ron Paul.
http://thetop10reasons.com/the-top-10-reasons-why-i-wrote-in-my-2008-presidential-election-vote-for-ron-paul

Thanks for the article. It proves that a number of our elected officials know nothing and yet how they keep their jobs amazes me.

]]> By: Scott http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/comment-page-1/#comment-920 Scott Sat, 06 Dec 2008 16:53:53 +0000 http://thetop10reasons.com/?p=283#comment-920 Thanks Brad for your incisive comment on the Treasury Dept's latest ploy to help rescue our economy. I agree with your analysis and would only like to comment on why it may confuse you that such supposedly intelligent people at the Fed could concoct such apparently ridiculous proposals. My assessment: It's intentional. If you start to admit to yourself (which it seems you have) that what is happening is a little fishy with the entire bailout process (in this case, the housing market) and what has actually occurred to even get us to the point of the gov having to ask the Fed to create such vast amounts of money, then it isn't a far leap to consider that the Federal Reserve, in conjunction with the Treasury Dept, with minimal oversight from Congress (Barney Frank resisted reigning in Fannie and Freddy and even pushed for more 'affordable' loans), and intense lobbyism from large corporations to get a piece of the pie: all of these institutions - private and public - want the consumer to remain enslaved in debt. For if you continue to bring more people into debt (as this latest housing ploy does) and continue to keep the existing consumers/home owners in debt, then people remain too busy trying to work it all off -which they seldom do - until they're too old and feeble to stand up and say 'enough'. They're not able to step back (as you are), take a look at everything happening right now and realize that much of the meaning of their lives is to work to pay off debt. 700 billion of monetary creation is 700 billion in debt creation. I only hope that many of the people getting laid off will start to realize that they've been had..then get mad...then get organized and do something about this pyramid scheme. I suspect my rhetoric may be a little revolutionary for your tastes, but you've been quick to analyze and find the fundamental faults with this latest housing scheme, which leads me to believe that you're the ideal kind of person to speak out more forcefully against what is happening to the citizens of this country. Peace Brad, and kudos to a good post. Here's the Barney Frank/Fannie Freddy article as a reference: http://online.wsj.com/article/SB122091796187012529.html?mod=googlenews_wsj Scott Thanks Brad for your incisive comment on the Treasury Dept’s latest ploy to help rescue our economy. I agree with your analysis and would only like to comment on why it may confuse you that such supposedly intelligent people at the Fed could concoct such apparently ridiculous proposals. My assessment: It’s intentional.
If you start to admit to yourself (which it seems you have) that what is happening is a little fishy with the entire bailout process (in this case, the housing market) and what has actually occurred to even get us to the point of the gov having to ask the Fed to create such vast amounts of money, then it isn’t a far leap to consider that the Federal Reserve, in conjunction with the Treasury Dept, with minimal oversight from Congress (Barney Frank resisted reigning in Fannie and Freddy and even pushed for more ‘affordable’ loans), and intense lobbyism from large corporations to get a piece of the pie: all of these institutions – private and public – want the consumer to remain enslaved in debt. For if you continue to bring more people into debt (as this latest housing ploy does) and continue to keep the existing consumers/home owners in debt, then people remain too busy trying to work it all off -which they seldom do – until they’re too old and feeble to stand up and say ‘enough’. They’re not able to step back (as you are), take a look at everything happening right now and realize that much of the meaning of their lives is to work to pay off debt. 700 billion of monetary creation is 700 billion in debt creation.
I only hope that many of the people getting laid off will start to realize that they’ve been had..then get mad…then get organized and do something about this pyramid scheme.
I suspect my rhetoric may be a little revolutionary for your tastes, but you’ve been quick to analyze and find the fundamental faults with this latest housing scheme, which leads me to believe that you’re the ideal kind of person to speak out more forcefully against what is happening to the citizens of this country.
Peace Brad, and kudos to a good post.
Here’s the Barney Frank/Fannie Freddy article as a reference:

http://online.wsj.com/article/SB122091796187012529.html?mod=googlenews_wsj

Scott

]]> By: Andrea http://thetop10reasons.com/why-45-30-year-mortage-rates-will-not-fix-the-housing-crisis/comment-page-1/#comment-919 Andrea Fri, 05 Dec 2008 15:33:40 +0000 http://thetop10reasons.com/?p=283#comment-919 I agree with you. Lowering the rates to 4.5% in the long run is not going to help anyone. It's only a ploy to get people to spend money to either refinance or buy all of the crappy houses that are flooding the market right now. These people are going to buy the houses and get the 4.5% interest rate they want......then what? Have a low payment? Woopdie doo.....good for them. Then they lose their job in 6 months and oops, they foreclosed. Back to square one FED. Here's my house that you shouldn't of let me buy in the first place, oh and now it's worth less than I paid but the property taxes are still based on it being worth 20% more than it really is, have fun. And what's funnier is that FHA is raising the down payment to 3.5%.....whoa.....don't get all extreme on us FHA. How about you raise it to 10% for every single person and see if they can buy a house then. I doubt there will be as many foreclosures, but you'll have more responsible people buying homes and not idiots who can't pay their own mortgage and would rather get a mercedes with dubs on it. I agree with you. Lowering the rates to 4.5% in the long run is not going to help anyone. It’s only a ploy to get people to spend money to either refinance or buy all of the crappy houses that are flooding the market right now. These people are going to buy the houses and get the 4.5% interest rate they want……then what? Have a low payment? Woopdie doo…..good for them. Then they lose their job in 6 months and oops, they foreclosed. Back to square one FED. Here’s my house that you shouldn’t of let me buy in the first place, oh and now it’s worth less than I paid but the property taxes are still based on it being worth 20% more than it really is, have fun. And what’s funnier is that FHA is raising the down payment to 3.5%…..whoa…..don’t get all extreme on us FHA. How about you raise it to 10% for every single person and see if they can buy a house then. I doubt there will be as many foreclosures, but you’ll have more responsible people buying homes and not idiots who can’t pay their own mortgage and would rather get a mercedes with dubs on it.

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