tag:blogger.com,1999:blog-27697009.post6895527004093198600..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : The Home StretchJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-27697009.post-87033283670817275812007-12-14T07:14:00.000-08:002007-12-14T07:14:00.000-08:00"The legislature meant well, it just didn’t turn o..."The legislature meant well, it just didn’t turn out like they though it would." Isn't that often the case? Nice post...Boom2Bust.comhttps://www.blogger.com/profile/17464758392054644252noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-29304649162522397142007-12-09T20:10:00.000-08:002007-12-09T20:10:00.000-08:00Hi Anon 5:11I agree with you, it doesn't make much...Hi Anon 5:11<BR/><BR/>I agree with you, it doesn't make much sense from a homeowner's perspective.<BR/><BR/>The lower house prices drop, the more people that find themselves upside down.<BR/><BR/>What Bush Bernanke and Paulson are trying to do, is keep the banking system from collapsing. Get that joker to make a house payment, and keep the banks going.<BR/><BR/>It's not the end of the world to go into foreclosure and lose a home. The biggest issue, are your wife and kids, that's what counts. Lack of money puts an awful lot of people in divorce court.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-79382437796337588542007-12-09T17:11:00.000-08:002007-12-09T17:11:00.000-08:00Look, I`ll be the first to admit that I`m not the ...Look, I`ll be the first to admit that I`m not the sharpest knife in the drawer, but how does W`s plan help sub-prime homeowners who are upside down in their mortgages?<BR/>Why would people in this day and age, free of being stigmatized of bankruptcy, keep paying on a home that is in a downward slide in value?<BR/>I`m probably overlooking something, but on the surface this just doesn`t make a lot of sense to me.Anonymousnoreply@blogger.com