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FLATULENCE TAX??

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winner08:
Musicman are home loans easy to get? After katrina wiped out all our savings and put us in dept i wonder if I could get a loan. ??? ???

EKnight:
Ohhhh don't get me started on the now one trillion five hundred billion dollar bail out!!!!  I would like for someone to explain to me the math on that.  I want one of these geniuses to stand up and explain to the American public how a country with a trillion or billion dollar deficit can afford to shell out another trillion and a half dollars!!  How does that work?  How does that benefit the taxpayer? or the homeowner (who is not in over their head) ?  I understand that they "think" this will jumpstart the economy and that we CAN'T let these big financial institutions fail but I don't see it.  It looks like a bandaid solution to me and it only serves to encourage greedy behaviors by rewarding the greedy.  And they think they are going to CUT taxes????  NOT A CHANCE!!!

Ahhhh, thanks for allowing me to get that off my chest.  :D

Eileen

indianabob:
Musicman,

To give us a better understanding and help us avoid a similar problem, could you please offer a few more details about your over priced house?

Did you borrow the whole amount of its selling price?
Is it in an expensive area or on a lake or vacation area?
What interest rate were they offering and why were they able to give you the preferred rate at 100% of the appraised value?  Was the appraisal inflated by the bank without your knowledge.  This is special.

Did the government guarantee the loan?
Did you wonder how you were getting such a good deal"?
What did you expect to do if you became ill and unable to work?

Many of us have been through similar situations in which we had to have a large down payment to qualify so it would be helpful to understand.

Thanks, Bob





--- Quote from: musicman on December 07, 2008, 12:04:54 PM ---Remember when the slogan was buy a house, it's the best investment you can have?  Well, thanks to the banks I'm stuck with a house that's worth less than when I bought it 4 years ago.  Prices should have never gone up so fast.  I'm disgusted that the banks always want to be bailed out but those who they screwed receive nothing.  And what started it all was having those interest rates lowered the way they were.  It became a sellers market and many owned several houses and cashed in.  There was no criteria for getting a home loan, so now we have vacant house after vacant house and I doubt the prices will get back to where they were any time soon. 

Oh, as far as the cows, stop feeding them so much and they won't fart as much.  Actually, they should tax the farmers for every hormone they inject into their livestock.  And there should not be meat byproducts in their feed.  So I'm pretty p'd at the farmers too.

--- End quote ---

musicman:
Simple.  I paid $172,000 for a house that may be worth $100,000 in a few years.  Perhaps it will get back to $150 eventually.  What I'm saying is I put 20% down, got a good interest rate but even if I hadn't, that's what refinancing is for.  Had I held on to the money and kept renting, I could live in a much better house and closer to my job.  There was no regulation on the increases because of the "free market economy".  Now the banks were throwing money around and people were taking non stated loans for property that they couldn't afford.  There were many who were buying several houses that they couldn't afford and relying on the inflation in the housing market to make them rich.  It backfired on those who did this as of late.  But many got rich from this by doing what should be considered irresponsible.  Had the housing market maintained a steady 10% annual increase we wouldn't be in the crises that we are in.  People won't start buying again until the market hits rock bottom.  But I will not receive any favors because my payments are all made and I have a steady income.  But I absolutely wish I wasn't living where I am and would sell if I could.  But thanks to the banks and our crappy state of the union, I can't.

Beloved:
It is called the Longhorn Tax, he gave them the idea when he mis-behaved in outerspace last week.

They are also talking about a "vaue added" tax to beans, chili and other foods and activities that lead to increase the methane gas that being delivered to the atmosphere

beloved

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