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Federal Housing Help: Should the federal government help bailout homeowners who face foreclosure?
Comment: People should learn to live within their means. Stop trying to keep up with the Jones'. by Theresa
Comment: Why should responsible taxpayers who obtained a fixed mortgage bail out those who took a chance on a flexible mortgage? It's time people were accountable for themselves and not the government (the rest of us)! from Milton by Robert
Comment: I'm sure there are enough programs already in place to help homeowners in trouble. I have a loan and I have been paying it off even though my insurance went up 60% and my taxes will be unaffected by the tax reductions because of the value of my home. Nearly all of these people knew what they were getting into. They figured they would sell by now or be renting out and living somewhere else. No, don't give additional assistance to people who should have made better choices at the beginning. Matt Roth. from pensacola by Matthew
Comment: I'm already paying one mortgage, now the government wants to make me pay for someone else???? No chance. I'll quit working and paying income taxes. from Navarre, FL 32566 by Gene
Comment: No, no and no again! Why should we (tax payers) be responsible for people who purchased more than they could afford? We are a military family and will likely have to sell our home in this depressed housing market. If congress wants to give someone a break, help the active duty military families who are required to move to another base. from Navarre, FL by Becky
Comment: Definitely not, the
government should not bail
out the homeowners being
foreclosed on. These people
should take responsibility
for their own risk taking.
People foget what the primary
job of the Federal government
is and that is defense. The
reason we are having so much
difficulty in Irag and
Afganistan is because the
liberals weakened our defense
by shrinking the military, we
do not have enough forces to
handle the job. The liberals
brag about how they got a
budget surplus, we are paying
dearly for it now, the
surplus came at the expense
of our nations military power
The old military power/
strength when Ronald Reagan
was president is the reason
we were never attacked such
as 9/ll. Many small countries
laugh at our weakness,
Clinton made a mockery of the
presidency. He has managed
to destroy the young peoples
morals with his episodes
before he got in the white
house and while he was in it.
Obama wants CHANGE, anybody
every hear what CHANGE he is
talking about???????? he did
good in school, he can talk
but he ain't very bright in
world affairs. Hilary wants
to get back to the White
House to snach the rest of
the silverware.
from Pensacola, FL by Tom
Comment: As a homeowner with a mortgage (fixed), while I do not believe the Government should bail out homeowners that were either naive or just not intelligent in the home buying process, I do believe the Justice System should go after unscrupulous companies that enticed people into bad investments. These companies should be forced to refinance these properties at a competetive fixed rate allowing the home owner a chance to remain paying for their property at a payment they can afford. from Milton, Fl by William
Comment: Absolutely not...the greed and vanity is out of control in the real estate market. If someone must use "creative financing" they probably cannot afford the extravigant purchase or should not have been speculating. Lenders and brokers were too foolish and driven by greed during the boom....reality check please! Lenders need to work with the troubled homeowners, NOT look for a bailout from Uncle Sam!! from Ft Walton Beach by Eric
Comment: When I had surgery and did not have a job I had foreclosure started on my home. The wife and I were able to over come our problem without refinancing or home (no second loan) and no one came to our aid....This foreclosure was not because we took out a loan and spent the money, most of these people in trouble took the easy money and had a good time...They did not invite me to share there new found fortain so why should I bail them out...if they want to help these others then they should average out the amount of money handed out free and give the rest of us who did not over load our self(s)our share to waste as we see fit. from PENSACOLA, FL. by E. JOSEPH
Comment: I don't feel that the government should buy the people out of their high loans. They chose to get more of a house then then could afford. That is why they are in this position. I have never had a forclosure nor would I expect to have someone bail me out of a position in which I put myself in. I have worked 2 and 3 jobs at a time 12 and 16 hours days in order to pay my bills. I think anyone who wants more in life has to be able to work for it. I will dig ditches, wash dishes in order to pay my bills rather then ask someone to pay them for me. Too many people think life owes them something. if you need to re-fi that is fine don't just walk away, and never wait til the last minute to seek a solution. McDonalds is alway hireing. from Gulf Breeze, Fl by Martha
Comment: Absolutely not. Our culture is filled with people who continue to live beyond their means, and it is not the job of those who live responsibly to bail out those who are incapable of making good decisions. Consider it a good lesson for them to figure out how to get out of their own bind since that's what people have been doing for centuries. from Mary Esther by Kevin
Comment: Live within your means and you can afford your primary housing. Too many loans were given to "low or lower income" people wanting "Portofino" style living. SORRY FOR YA!!!!!!!!! from pns, fl by mark
Comment: Spending Taxpayer dollars to bail out lenders, homeowners and builders who acted irresponsibly by making bad loans, buying more than they could afford or overbuilding penalizes those who exercised common sense and fiscal restraint. Let the market correct itself. It may be painful, but government intervention is not the solution. from Pensacola, Fl by John
Comment: its about time people take responsability for their own actions and not the tax payer from fort walton beach fl by richard
Comment: I'm widowed,completely alone,working two jobs to keep my bills paid. I plan to pay off my house next month. Why should I pay for people who can't live within their incomes? I have neither asked for, nor been offered any help and I'm managing. These folks must learn to make do with what they have. from Pensacola Fla by Kathy
Comment: The Government has no business bailing out people who make bad financial errors and mistakes. from Milton, Fl. by Frances
Comment: This is a complex issue and I certainly do not have all the answers, but I think the banking and mortgage industry needs to hold themselves accountable to fix this problem, they're the ones that took a gamble when they granted the loan and lost. Now they need to bite the bullet and re-think their positions and enact new policies and practices for granting loans, and back the loan instead of buying and selling them amongst each other.
The only thing the government should do is ensure that people are not callously tossed out into the street, because they are now facing foreclosure because of improper business practices by the mortgage companies. from Pensacola, FL by Dewey
Comment: (Ok, I tired to submit it once and am not sure if it worked.)
In my opinion the mortgage program was initially created to help people own houses, but the problem was when they bought homes they couldn't afford. One solution might be to downsize to a more affordable housing or just to come back to renting untill finances allow otherwise. My husband and I bought a house a couple months ago and I think that it is not going to be fair to us as well as milion others who put all their savings into future homes and who are controlling all their spending to make the ends meet. from FWB/FL by Barbara
Comment: Just no comment, I'm too fed up. from Ft Walton Bch/FL by Matthew
Comment: the way it is drawn up now...it only favors businesses that bulids homes...and after research, it was initated by the home builders industry and lobby. the government should make laws that eliminates or fixes variable rates per year...otherwise, people should wait until they can afford a home in the most traditional and safe way... from p'cola by h
Comment: No. The federal government did not force the American homeowner to "live beyond his/her means". It is simply a matter of one believing that for some reason, he/she is going to be the exception to the rule. It's a simple matter of the homeowner writing a check that his/her butt couldn't cash. The American dream is infamous for making people believe that they can live beyond their means. from Mary Esther, FL. by Tom
Comment: This is absolutely outrageous! Not one person who is in "dire straits" because of their adjustable mortgage, had a gun held to their head when they purchased more home than they could rightfully afford. They knew the rate would go up. The knew WHEN it would go up. If you think you are going to have trouble making your mortgage payment when the rate is adjusted, you should have gotten a fixed rate mortgage then! Now the rest of us are going to pay to help bail out those who made greedy, bad decisions. I sincerely hope Jeff Miller votes no on this package. from Niceville, FL by Ed
Comment: Homeowners strugle enough as it it: increase in interest rates, taxes, and of course monthly mortgage payments. We must live somewhere and it's either pay rent or buy a house. from DeFuniak Springs, FL by Cesare
Comment: If the government does a bailout for bad investments in buying a house will they help me if I make a bad investment in the stock market? from Pensacola by Chuck
Comment: I see these proposals like this: Since I can afford my mortage, my tax dollars go to someone who is financially irresponsible. It doesn't make sense. from Pensacola, FL by Brian
Comment: No. I feel as if I am being discriminated against and punished for living within my means. Those people that took the sub-prime loans to buy that bigger house knew what they were getting into and took the risk/gamble, and lost. If the Government gives them money for being irresponsible, then they should give me huge break just for being a responsible homeowner. I should NOT have to pay for someone elses stupitidy. from Pensacola, Florida by Candace
Comment: I don't think the government should bail out a segment of homeowners and businesses that made poor choices. In every sale there is the "buyer beware" i.e. read the fine print. Many of these bought homes that were more than they afford or qualify for by using "creative financing" through adjustable rate or balloon mortgages with no planing for the future known increases. Many builders flooded the market trying to get as many as possible built during the booming high prices when all knew it was a bubble that would most certainly burst. If there were any criminal or fraudulent loans made, prosecute those responsible but I don't think that is the case in the majority of the foreclosures. It's just too many people try to live above their means. I don't think we should reward poor judgement. from FWB FL by Judi
Comment: Bob I'd like to address the Fl. high school drop out rate.I can think of no better way to keep kids in H.S. than to raise the driving licence age from 16 to H.S. graudation, GED. or 18 years of age. H.S. students with a certin GP adverage,special needs or a job be given a limited licence. Driving is a privilage. Why should that privilage be afforded to those who drop out? Drop outs are generaly low achivers who add a burden to our social structure. I belive doing this will not only be insentive to graudate from school, it would lessen everyones auto insurence rates, and reduce the parking lot cost from new school construction, and a cleaner enviorment by less cars on the road. from Pensacola by NeaL
Comment: Government needs to stay out and let the free market work this out. from Navarre, FL by Frank
Comment: why should my taxes pay for their houses from milton fl by richard
Comment: The federal government cannot bail out individual, group of individuals or businesses who made a bad decision. Enough is enough from Gulf Breeze, Fl by William
Comment: Every dime the government uses to bail out this mortgage crisis fiasco should be in the form of an adjustable rate loan due from all of the banks and mortgage companies that profited from providing the loans in the first place. If the government makes the kind of profit that the banks did maybe we can reduce our taxes. from Pensacola FL by R
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