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Dec 31, 2012 3:39PM
Seriously? It's not the banks or goverments fault. If you got into a home loan that you knew you couldn't afford, it's your fault. Try living within your means instead of keeping up with the Jones's.
Dec 19, 2012 8:11AM

We did try to vote the rotten mess 'out of existence.' Twice.


First, by giving Obama a resounding victory in 2008, and then by giving him another decisive victory, this year.


The problem is that the Repugnicans are all so beholden to the big banks, they have stooped to the unprecedented use of the filibuster, to block any true meaningful reforms.

Dec 19, 2012 7:26AM

Hey Paul

Your analogy is spot on. I just wish more "Americans" would read your comment and then go out and vote the whole rotten mess out of existence.

Dec 19, 2012 7:23AM
Everyone is blaming banks. It is our own fault for letting bills pass through the house that allows banks to do what they have done and will continue to do. If people would start petitioning these bills instead of blaming they might have a better chance of getting ahead.  99% against 1% don't stand a chance if we would PAY ATTENTION instead of paying high interest rates. The 1% could care less if you are homeless or living in poverty.
Dec 19, 2012 7:15AM

There is blame to go around in regards to the mortgages that were, one could say ordered, but remember where the direction to give home loans to unqualified buyers came from. Barney Frank and Chris Dodd (both Democrat) came up with the scheme that pushed the banks down the path of insolvency. They wrote out the direction and the majority Democrat Party made it law! GW just signed it and then was crucified by the Democrats when the banks collapsed. GW presided over a majority Democrat Congress the last two years of his 2nd term. The only blame I give him is that he allowed the Democrats to run amok with their SPENDING programs that ran the banks down the tube.

Democrats have the uncanny ability to run up huge deficits and then blame it on the Republicans. Even more amazing is how the Democrats can continue to borrow and spend and even raid the Social Security coffers and still are successful in blaming the Republicans. Yet in all this political gaming a Democrat president can run this country into a hole and come out free of any blame.

Instead of looking at what the country can give you, look at what you can give the country. There have been times when the Republicans have lowered taxes and at the same more Americans had a job. The taxes generated from payroll taxes and the spending that consumers had done did more to raise the government income than any tax hike.

We should push the rich to invest their money into businesses that employ more workers so that more people can afford a home. Tax the rich and they will just move, and then you wonder why our corporations run overseas to make their money. When you keep putting more and more in a jobless, welfare like society there are only two choices; get the rich to create more jobs or tax the hell out anyone who has a job to feed those who don't have one. When there are more jobless than there are those with jobs taxes can only up on all to pay for the jobless. Stop blaming GW and look at what the Democrats have given us.        

Dec 19, 2012 7:06AM
I'm still asleep.   It's Science, Technology, Engineering, and Math!  :)
Dec 19, 2012 7:03AM

The unemployment rate for STEM majors (Sciene, Math, Engineering, and Math) is quite low. 


Maybe you should stop buying houses you can't afford and go back to school.

Dec 19, 2012 6:52AM
I have to agree with a failing market for yrs. to come but don't blame banks they deal within the market they don't create it. the baby boomer generation, one third of our country will be selling their homes whether they want to or not, it's called death. many existing homes are in economically or socialy repressed areas, that are the haven of the lower classes of society driving the value down even lower. as the real estate lady said location etc.etc.
Dec 19, 2012 6:30AM
House values will never be the same, ie, worth as much. They have dropped and will continue to drop. Letting the banks decide who gets a good loan or a new mortgage is like giving a speeder the ticket for speeding and telling him pay the fine if you feel you deserve the punishment. Forget about it. Housing is over and banks are looking to make a killing on owning all this new land that the thugish liar g.bush jr. gave them. You work 22 years to keep the house up and nice, paying the mortgage on time, they send your job to china, and ALL the jobs are gone.....guess who gets the house and no attempts are made to help the hard working stiff who is defaulting through no fault of his own? The bank reaps the rewards for all this guys hard work. They get the house ala g.bush jr. the rich thugish creep. I hope he has to face all these people when he finally expires. Lord knows he is hated through most of America.
Dec 19, 2012 3:45AM
There is no first time home buyer benefits. Homes should continue to drop because of BANKS. My credit is great, I have a nice income but yet they want 10% minium down. It can go up from there! Until banks change they way they deal with customers no one that has never bought a home will be able to afford it. If you have a home, stay with it. Banks are able to deal with existing customers better than trying to get new ones.
Dec 19, 2012 3:23AM
Homes remain grossly over priced. To absentee owners loss of value is just desserts. 
If you can't find private financing or can't pay cash, you cannot afford a home.
Desirability and location remain important, but a lousy home is still a lousy home no matter where it is located.
Ridiculous property taxes will have to significantly moderate or private home ownership will disappear for 99% of the populous.
Like all problems facing the nation, the root cause is gross fiscal negligence by the two majorly inept political parties. They destroyed America jointly. Let them know your wrath.
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