The road to socialism

iVillage Member
Registered: 04-04-2008
The road to socialism
424
Wed, 02-18-2009 - 10:40pm

It's true that Mr. Obama is taking us down the road to socialism.

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iVillage Member
Registered: 10-15-2008
Tue, 02-24-2009 - 10:17am

with a more just and equitable distribution of property and labor.


LOL, the very statement you bolded proves the other point.

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iVillage Member
Registered: 12-08-2008
Tue, 02-24-2009 - 10:28am

>>You DID see that there was a caveat about NOT helping out those who bought a home beyond their means, right? What about those who could afford the home and then one or both owners lost a job?<<

Since when has this possibility NEVER existed before? It's the REASON why you're supposed to have at a minimum 3 to 6 months worth of living expenses saved before doing something like buying a house or having a kid. You're supposed to have saved for these potential situations. You find me someone who did this and who has wiped out their six months of savings, lost both incomes and still has no job? Then I might find some pity.

>>What about those who live in an area where home prices have depreciated drastically and now they owe more on the home than it is actually worth? Are these the stupid, irresponsible people you are talking about?<<

Absolutely they are! If you didn't over-buy in the first place and lived beneath your means which is always the smart thing to do it doesn't matter if you house has gone up or down in value. The payment stays the same. Oh--you were foolish enough to go with an adjustable rate mortgage and your payment has now increased and you can't refinance? DUH--another risk you chose to take. I've had dozens of mortgages over the years and NOT ONE was an adjustable rate. If you couldn't qualify for a fixed rate mortgage then YOU COULD NOT afford the house in the first place.

>>Just try, for one second, to imagine if you or your husband lost your job. Would you be able to afford the payments on your home?<<

Without a doubt. I plan for the unlikely.

iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 10:35am

What about those who live in an area where home prices have depreciated drastically and now they owe more on the home than it is actually worth?


The payments didn't increase, so if you could afford it in the past, you should be able to now.


iVillage Member
Registered: 10-15-2008
Tue, 02-24-2009 - 10:38am

It's not luck to plan ahead and I shouldn't be criticized for it.


But it IS luck to be able to plan ahead.

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iVillage Member
Registered: 08-16-2005
Tue, 02-24-2009 - 10:44am
You just described how Obama started out and he is the President of the United States.


iVillage Member
Registered: 10-15-2008
Tue, 02-24-2009 - 10:52am
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iVillage Member
Registered: 02-12-2009
Tue, 02-24-2009 - 10:54am
You may want to google housing prices in Hawaii.
iVillage Member
Registered: 10-15-2008
Tue, 02-24-2009 - 11:02am

Since when has this possibility NEVER existed before? It's the REASON why you're supposed to have at a minimum 3 to 6 months worth of living expenses saved before doing something like buying a house or having a kid. You're supposed to have saved for these potential situations. You find me someone who did this and who has wiped out their six months of savings, lost both incomes and still has no job? Then I might find some pity.


Since WHEN have we been in the middle of a global economic crisis like this one, in our living memory?

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iVillage Member
Registered: 10-15-2008
Tue, 02-24-2009 - 11:04am

If we both lost our jobs, yes we could live in our home and pay our bills.

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iVillage Member
Registered: 02-12-2009
Tue, 02-24-2009 - 11:04am
It's naive to think everyone has a level playing field. I don't know everyones situation, so it would be ignorant of me to say, "well, I did it so should you". I was born to a mom who was mentally ill, should I have planned better? I have the financial responsibly for caring for my mom, should I have planned better? What about those with severe learning disabilities? They

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