Comments on: Fix Housing First Proposal, What is it and Will it Work?

By: Senate Passes Economic Stimulus Plan – $15,000 tax Credit for Homebuyers Still In | New Homes Section Blog

Wed, 11 Feb 2009 05:43:41 +0000

[...] levels because current homeowner’s would have to sell their current home to buy a new one. The Fix Housing First Organization is lobbying to keep the Senate provisions for the $15,000 tax credit, and to ensure [...]

By: Modify Mortgages Now Program | Fix Housing | New Homes Section Blog

Modify Mortgages Now Program | Fix Housing | New Homes Section Blog — Fri, 23 Jan 2009 06:57:53 +0000

[...] Fix Housing First proposal brought forth by the new home industry worked well in the past; it deserves support. However, it [...]

By: Contest - $50 Plus - Ask A Home Builder | New Homes Section Blog

Contest - $50 Plus - Ask A Home Builder | New Homes Section Blog — Tue, 13 Jan 2009 05:02:19 +0000

[...] much it costs a builder each month to keep a home on their books, or if a home builder thinks the Fix Housing First Proposal is a good [...]

By: JaysonNHS

JaysonNHS — Tue, 13 Jan 2009 04:57:25 +0000

@Phoenix and Todd – thanks for stopping by and pointing out that whatever debt we incur now will be around for awhile. I hope we find some way to prevent it all from getting passed on.

By: Todd Covington

Todd Covington — Mon, 12 Jan 2009 19:41:14 +0000

Phoenix, you are right no track. Sure, everything will seem okay in a year or two but what’s happening is no more than a postponement on the inevitable. Eventually someone has to pay off all this debt. Taxpayers are already burdened with paying for services for illegals and government overspending. This is a ship slowly sinking. The most unbelievable part is many of know it’s happening but no one in government seems to have a clue. Keep overspending, helping those who won’t help themselves, and bailing out industries. What a great precedent to set for the future.

By: Phoenix Az flooring

Phoenix Az flooring — Thu, 08 Jan 2009 11:05:58 +0000

I think it’ll fix things in the short run. But if you think about it, the long term affects are much worse than the short term affects. The people who are middle aged (30’s and 40’s) won’t have to worry about much for a while, but the young people will be paying off this debt for the rest of their lives. So will their children’s childrens. Bush really screwed us over.

By: Mike Taylor@Indianapolis Real Estate

Mike Taylor@Indianapolis Real Estate — Thu, 08 Jan 2009 00:57:51 +0000

It is a nasty and vicious cycle…the prices keep dropping which forces more foreclosures which makes the prices drop and so on. At some point though, people will decide the prices have dropped enough and start buying homes again. I certainly hope this new plan will work.

By: JaysonNHS

JaysonNHS — Wed, 07 Jan 2009 20:58:20 +0000

@Todd – I certainly agree that people need to be held accountable, more than that though, the leaders at these banks need to be held accountable. I’ve read that most banks got billions in assistance for their bad decisions; I’ve seen people lose their homes, credit and much more from their decisions – I’m of the opinion that the leaders deserve more of the blame – don’t they get paid millions to manage risk? I think most will agree that when you have the news, the government and professionals tell you that buying a home is a good investment, and they approve you to buy that home, you’re going to buy it…

Hopefully, this era will make Americans more modest

By: Todd Covington

Todd Covington — Wed, 07 Jan 2009 19:09:41 +0000

Bailouts set such a poor president for the future. I just can’t understand why people are so short sighted. Greed in America has run rampant and government seems to be doing all they can to promote it. If the US government wants to fix the problem, hold people accountable. Next time around people will think twice when purchasing homes, cars, or whatever that they simply cannot afford.

By: JaysonNHS

JaysonNHS — Wed, 07 Jan 2009 19:00:18 +0000

@Jeff – I hadn’t realized there was so much until I started the research – it seems, like all other bailouts, people have opinions. There hasn’t been as much media coverage on this one, but that may be because it’s not a “bailout”.

@Kevin – Same here – I’m amazed when I hear about some of the loans that were given. One guy I meet was allowed 5 loans on homes all over $200,000 (some were considerably more). He makes $50,000/year, and needless to say, all homes have been foreclosed on.