The question’s deeper then that.

A majority of people are in major debt.

The government is in insane amounts of debt.

The problem needs to be worked on at the source, not just arbitrarily applied.

NO, NO, No. If you can’t afford it don’t buy it! If you buy too big of a house, then sell and get something that you can afford! I hate always having to pay for everyone!!!! I bet if you check out their spending habits, there are plenty of ways to fix the problem. Why should we, the tax payer always have to support everyone? I am getting really sick of paying 40-50 thousand a year in taxes to support the lazy, the over spenders, the welfare families that make it a life style, the people that think the government owes them a living. IF you want the government to give you a living then move to China, or Russia or any other communist country. See how happy you are there. I think all who can work should work. Unless your spouse makes enough and you don’t have to. Then that is fine, but don’t ask for a hand out.

No way… owning a home is a luxury… I don’t see why some people should be rewarded for making a bad decision by buying a house they could not afford… besides, forclosures will help people who couldn’t afford homes at retail prices to get them at a discount…

The housing market goes down the sewer, the country goes down the sewer.

It is good sound government policy to keep people in their homes and the housing market healthy.

However, I also believe America needs a major correction in order to compete in the world as our labor costs are too damned high. In order to reduce our labor costs, it is going to affect our housing. The government needs to plan for this so we don’t have a major depression. Which also means we must reign in out of control profits.

That is an ugly reality.

Peace

Jim

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do I think they should? yes

do I like it? not really…

but we’ve got some HUGE issues here that go beyond just saying “they should have personal responsibility”… you have to look at the effects of your actions

the entire home market (both new and existing) is in danger here if this help isn’t granted… and that’s bad for almost every American…

home prices with fall through the floor with the glut of homes on the market… no one will want to build… then every business that has anything to do with the home market will have to cut back and have layoffs, which will have a domino effect…

also rent prices will go through the roof since these people won’t be able to get a house with their ruined credit… which will hurt the poor people who rent mainly…

what do you do when personal responsibility is bad for America?

sure that deserve it coz if they will
they gona be home less

No. I don’t endorse letting irresponsible people who took on too much debt without thinking the matter through to get off the hook. No one forced them to be idiots.

As for this so-called “crisis”, well it has happened before in the housing market, albeit in different shapes and forms, but always in the end the market absorbed it and keep chugging forward.

And all this fear talk about a subprime meltdown causing the end of the world as we know it is just plain nonsense.

Absolutely not. Repeat. Absolutely not. I can’t afford to buy a home, myself. I’ll be damend if I am going to tolerate my tax money going to bail out some moron who bought more than he could afford, and didn’t plan for emergencies.

I can’t wait to dig into the congressional voting records on this one!

No, they should have done their research before buying that home.