Sub-Prime Fallout

ZenGum · 01-28-2008, 09:09 AM

I like Noboxes's idea, therapy animals are great.
The only catch I see is at the citizens' expense.
Someone who has just lost their home to bankruptcy is unlikely to be willing or able to pay for this project. Which is a pity because I think it is a good idea.
How about an extra 10% tax on all dividends paid out on war-related stock, such as Lockheed-Martin, etc? Just an idea...

classicman · 01-28-2008, 09:40 AM

60 minutes ad an interesting piece on the forclosure issue last night. Very interesting to learn that many of those homes, no % given, were because people CHOSE to default. They explained by saying that the value of their home had decreased so much that it made no sense to make such a large payment on a home the would never sell for as much as they paid for in the first place. They were "advised" to default on the loan. I was amazed at that.

Yes there are many who cannot afford to make the higher payments and they are losing their homes because of it, but it isn't every one.

01-28-2008, 09:09 AM	#1
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	I like Noboxes's idea, therapy animals are great. The only catch I see is at the citizens' expense. Someone who has just lost their home to bankruptcy is unlikely to be willing or able to pay for this project. Which is a pity because I think it is a good idea. How about an extra 10% tax on all dividends paid out on war-related stock, such as Lockheed-Martin, etc? Just an idea... __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

01-28-2008, 09:40 AM	#2
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	60 minutes ad an interesting piece on the forclosure issue last night. Very interesting to learn that many of those homes, no % given, were because people CHOSE to default. They explained by saying that the value of their home had decreased so much that it made no sense to make such a large payment on a home the would never sell for as much as they paid for in the first place. They were "advised" to default on the loan. I was amazed at that. Yes there are many who cannot afford to make the higher payments and they are losing their homes because of it, but it isn't every one. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)