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groovypeg
:)
Member since 5/05 2423 total posts
Name:
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please tell me (obama speech related and mortgage related)
i think he mentioned that "responsible" homeowners will be able to refi at lower rates, right, well how are we to do that when closing costs are sooo high???
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Posted 2/24/09 10:13 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
LightUpOurLife
Totally in love
Member since 8/06 12785 total posts
Name:
Bonnie-Jean
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Re: please tell me (obama speech related and mortgage related)
I took it to mean people that bought a house they could afford. They will be able to get help. Not someone who makes $6.00 an hour buying a house for $500k. How exactly, I don't know.
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| Posted 2/24/09 10:23 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: please tell me (obama speech related and mortgage related)
call me a pessimist, but i don't think any of the average middle class people in this country (i.e. those making about over $30 K, but under $150K) are going to reap any benefits from this plan.... we shall see...
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| Posted 2/24/09 10:29 PM |
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evnme
My little lamb
Member since 8/05 12633 total posts
Name:
aka momma2b
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Re: please tell me (obama speech related and mortgage related)
Posted by donegal419
call me a pessimist, but i don't think any of the average middle class people in this country (i.e. those making about over $30 K, but under $150K) are going to reap any benefits from this plan.... we shall see...
and you know what his tax cuts for the middle class amount to: from april- june 2009 we get $13 more per month and then from july on it decreases to $8 per month.
all this hooplah and that's what it amounts to.....??
and he's going to tax all businesses making 250k plus per year which will mean more lay offs starting in 2010 when the bush tax cuts expire.
how does that help?
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| Posted 2/24/09 11:48 PM |
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CathyB
Member since 5/05 19403 total posts
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Re: please tell me (obama speech related and mortgage related)
Posted by groovypeg
i think he mentioned that "responsible" homeowners will be able to refi at lower rates, right, well how are we to do that when closing costs are sooo high???
Last night I think he was speaking more to the people who bought a house they could afford, and then the market really went south and now the home is worth substantially less than the mortgage and they are having problems paying the mortgage and are on the verge of foreclosure.
With regard to closing costs, I'm pretty sure that's a state issue. My dad and my ILs live OOS and they had almost no closing costs, and in many states you don't even need a lawyer when buying a house. My dad bought a few years back in Utah and more recently in Georgia, and my ILs bought in Florida.
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| Posted 2/25/09 7:18 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: please tell me (obama speech related and mortgage related)
on a related topic... has anyone seen that commercial where they say that if you spend a million bucks a day since the day Jesus was born all they way through today, it would still not be as much $ as the bailout? 
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| Posted 2/25/09 7:43 AM |
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Peainapod
Peanuts are here!
Member since 1/09 13591 total posts
Name:
Diana
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Re: please tell me (obama speech related and mortgage related)
Posted by SweetestOfPeas
on a related topic... has anyone seen that commercial where they say that if you spend a million bucks a day since the day Jesus was born all they way through today, it would still not be as much $ as the bailout?
uhhh no....
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| Posted 2/25/09 8:42 AM |
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