So apparently congress is talking again about help for people who are looking at forfeiture.. and im sitting there thinking... what about everyone else? It isnt fair to bail some people out b/c they were foolish enough to buy more than they could afford.
What about...?
- People who are able to afford houses?
- People who have already been kicked out of their homes?
- How about first time home buyers, if they're going to shell out free money.. ill take some, thanks!
How about instead the banks extend the mortgages for the people who cant afford their homes? Lower the monthly cost, extend it from a 30 year to a 40 or 50 year mortgage and their tax returns automatically go to their mortgages that way they wont foolishly spend it on fast food or large screen tv's....? Extension would most likely raise the interest rates.. but the monthly costs would still be lower... Their credit scores would be red flagged so that companies would know that they cant handle the responsibility of credits/loans until they could fix their situation.. similar to the sexual offender lists except they cant get off of their lists after good behavior..
just my thoughts.. what do you think?
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