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leftchick
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Tue Jan-20-04 08:42 AM Original message |
"Zero Down Payment Plan Proposed" (bush* idea) |
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Missy Vixen
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Tue Jan-20-04 08:52 AM Response to Original message |
1. IMHO, but here's the "catch" |
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trogdor
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Tue Jan-20-04 11:38 AM Response to Reply #1 |
38. This is more or less in line with VA loans. |
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LeftHander
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Tue Jan-20-04 08:52 AM Response to Original message |
2. Strap people with a mortgage payment |
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On the Road
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Tue Jan-20-04 12:47 PM Response to Reply #2 |
46. Not Exactlty |
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ewagner
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Tue Jan-20-04 09:02 AM Response to Original message |
3. They aren't worried about defaults |
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displacedtexan
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Tue Jan-20-04 09:03 AM Response to Original message |
4. Yes, Virginia, there is a catch. |
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BenFranklinUSA
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Tue Jan-20-04 11:36 AM Response to Reply #4 |
37. "No, Virginia, not everyone is as wise as you..." |
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Frodo
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Tue Jan-20-04 11:44 AM Response to Reply #37 |
41. Good point |
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sendero
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Tue Jan-20-04 09:06 AM Response to Original message |
5. The unpopular truth.... |
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Scottie72
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Tue Jan-20-04 10:08 AM Response to Reply #5 |
18. What a great point! |
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dansolo
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Tue Jan-20-04 11:29 AM Response to Reply #5 |
36. They want to stave off the bursting housing bubble |
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alfredo
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Tue Jan-20-04 02:36 PM Response to Reply #5 |
64. the banks get the money paid, and the house which they can sell again. |
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Ilsa
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Tue Jan-20-04 11:04 PM Response to Reply #5 |
99. This is very true. |
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LEW
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Tue Jan-20-04 09:09 AM Response to Original message |
6. I'm a realtor and I try to really explain |
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havocmom
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Tue Jan-20-04 09:10 AM Response to Original message |
7. Yep, this is a gift to lenders |
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Buffler
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Tue Jan-20-04 01:56 PM Response to Reply #7 |
58. The last thing |
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haele
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Tue Jan-20-04 03:23 PM Response to Reply #58 |
66. Depends - bank lenders seem to like VA loans with a possibility of default |
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Frodo
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Tue Jan-20-04 03:39 PM Response to Reply #66 |
67. I only read your first paragraph... BUT a piece of info for you. |
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UpInArms
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Tue Jan-20-04 09:11 AM Response to Original message |
8. sounds a lot like "predatory lending" practices |
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bushisanidiot
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Tue Jan-20-04 09:13 AM Response to Original message |
9. Rove Has Turned The Chimp Into A Used Car Salesman |
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KoKo
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Tue Jan-20-04 09:43 AM Response to Reply #9 |
15. ROFL! Great description! n/t |
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hatrack
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Tue Jan-20-04 10:06 AM Response to Reply #9 |
17. "Hi, I'm George Bush, and I'm here to tell you about Ditech!" |
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sendero
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Tue Jan-20-04 10:39 AM Response to Reply #9 |
30. ROTFLOL :) |
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DUreader
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Tue Jan-20-04 09:16 AM Response to Original message |
10. Desperate to keep the Housing Bubble from Bursting |
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LEW
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Tue Jan-20-04 09:19 AM Response to Reply #10 |
11. "Desperate to keep the Housing Bubble from Bursting" |
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DevilsAdvocate2
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Tue Jan-20-04 09:28 AM Response to Reply #10 |
13. Misinformation |
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DUreader
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Tue Jan-20-04 09:33 AM Response to Reply #13 |
14. So how are those foreclosure rates these days anyway? |
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damnyankee2601
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Tue Jan-20-04 10:22 AM Response to Reply #13 |
22. "As a mortgage lender..." |
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Buffler
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Tue Jan-20-04 01:59 PM Response to Reply #13 |
59. While your correcting misinformation |
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tkmorris
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Tue Jan-20-04 04:11 PM Response to Reply #13 |
68. You've been called |
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Frodo
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Tue Jan-20-04 09:25 AM Response to Original message |
12. This is a GREAT idea....... IF (and ONLY if)... |
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KoKo
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Tue Jan-20-04 09:49 AM Response to Reply #12 |
16. And, who would bet on housing prices rising? We are in the top of the |
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Frodo
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Tue Jan-20-04 10:24 AM Response to Reply #16 |
23. Sorry. But I disagree on a couple points. |
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KoKo
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Tue Jan-20-04 01:40 PM Response to Reply #23 |
56. My reading of the proposal was that he was taking out credit/income |
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Fovea
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Tue Jan-20-04 10:08 AM Response to Original message |
19. This is very similar |
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DevilsAdvocate2
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Tue Jan-20-04 10:15 AM Response to Reply #19 |
20. Let's be realistic |
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Frodo
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Tue Jan-20-04 10:29 AM Response to Reply #20 |
25. I wouldn't say so. |
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DevilsAdvocate2
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Tue Jan-20-04 10:38 AM Response to Reply #25 |
28. You misunderstand me, Frodo |
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Frodo
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Tue Jan-20-04 10:46 AM Response to Reply #28 |
31. OK. A little clarification. |
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DevilsAdvocate2
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Tue Jan-20-04 11:03 AM Response to Reply #31 |
32. True enough |
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abelenkpe
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Tue Jan-20-04 11:42 AM Response to Reply #32 |
39. 5000 dollar down payment? |
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Frodo
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Tue Jan-20-04 11:51 AM Response to Reply #39 |
43. That's the old rule (and is still a good rule of thumb) |
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abelenkpe
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Tue Jan-20-04 09:16 PM Response to Reply #43 |
97. good |
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DuctapeFatwa
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Tue Jan-20-04 03:15 PM Response to Reply #39 |
65. Today it's about desperation to stay off the street |
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Jeff in Cincinnati
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Tue Jan-20-04 04:17 PM Response to Reply #65 |
69. Moot Point? |
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Frodo
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Tue Jan-20-04 04:25 PM Response to Reply #69 |
70. Close. |
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DuctapeFatwa
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Tue Jan-20-04 04:28 PM Response to Reply #69 |
71. You are talking about options for the affluent, I am talking about reality |
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Buffler
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Tue Jan-20-04 04:30 PM Response to Reply #71 |
72. Low income / IRAs |
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Frodo
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Tue Jan-20-04 04:38 PM Response to Reply #72 |
74. Slight correction. You can NEVER "borrow" against an IRA. |
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Buffler
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Tue Jan-20-04 04:42 PM Response to Reply #74 |
76. The assest |
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Frodo
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Tue Jan-20-04 04:49 PM Response to Reply #76 |
79. Well then... you wouldn't call that "borrowing" against it, would you? |
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Buffler
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Tue Jan-20-04 04:59 PM Response to Reply #79 |
83. Actually |
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Frodo
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Tue Jan-20-04 05:02 PM Response to Reply #83 |
86. Are you reading the posts you reply to? |
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DuctapeFatwa
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Tue Jan-20-04 04:38 PM Response to Reply #72 |
75. OK let me explain it in simpler terms |
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Buffler
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Tue Jan-20-04 04:43 PM Response to Reply #75 |
77. Why was that reply |
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DuctapeFatwa
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Tue Jan-20-04 04:59 PM Response to Reply #77 |
84. Because I think that I was not clear enough in my previous post |
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Buffler
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Tue Jan-20-04 05:03 PM Response to Reply #84 |
87. It is not profitable |
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Frodo
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Tue Jan-20-04 05:10 PM Response to Reply #87 |
90. Again a small correction. |
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DuctapeFatwa
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Tue Jan-20-04 05:15 PM Response to Reply #87 |
91. That depends on what the lender resells it for |
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Buffler
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Tue Jan-20-04 05:17 PM Response to Reply #91 |
92. Jane's $170,000 house |
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DuctapeFatwa
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Tue Jan-20-04 05:32 PM Response to Reply #92 |
94. no, Jane's purchase price was $100,000. She paid the note for 2 yrs |
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abelenkpe
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Tue Jan-20-04 09:00 PM Response to Reply #94 |
96. Jane needs |
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Buffler
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Wed Jan-21-04 02:57 PM Response to Reply #94 |
100. Ha! |
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DuctapeFatwa
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Tue Jan-20-04 04:47 PM Response to Reply #75 |
78. Another note about "retirement accounts" of the poor |
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Buffler
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Tue Jan-20-04 04:55 PM Response to Reply #78 |
81. Look |
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DuctapeFatwa
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Tue Jan-20-04 05:09 PM Response to Reply #81 |
89. I said it doesn't matter if you can borrow against them or not because |
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Frodo
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Tue Jan-20-04 04:34 PM Response to Reply #71 |
73. A quick reply. |
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mbperrin
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Tue Jan-20-04 12:06 PM Response to Reply #28 |
45. Or you could borrow directly from a seller, especially if the |
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blurp
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Tue Jan-20-04 01:33 PM Response to Reply #25 |
54. You sound like the millionaire next door |
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Frodo
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Tue Jan-20-04 01:44 PM Response to Reply #54 |
57. I wish! Yes, I've read the book. |
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blurp
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Tue Jan-20-04 01:19 PM Response to Reply #19 |
48. Don't go too far |
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damnyankee2601
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Tue Jan-20-04 10:16 AM Response to Original message |
21. Legalized Loan Sharking |
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Nashyra
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Tue Jan-20-04 10:37 AM Response to Reply #21 |
27. I have my brokers license |
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Frodo
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Tue Jan-20-04 10:39 AM Response to Reply #27 |
29. I think that 2.25% is in lieu of the normal FHA fees. |
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blurp
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Tue Jan-20-04 01:28 PM Response to Reply #21 |
52. Maybe you prefer that their legs be broken? |
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gasperc
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Tue Jan-20-04 10:27 AM Response to Original message |
24. sticking it to the poor with 2.5 extra percent |
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Frodo
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Tue Jan-20-04 10:33 AM Response to Reply #24 |
26. That's not quite it. |
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fob
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Tue Jan-20-04 11:04 AM Response to Original message |
33. HERE is the catch... |
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DevilsAdvocate2
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Tue Jan-20-04 11:08 AM Response to Reply #33 |
34. And counseling is a bad idea? |
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Buffler
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Tue Jan-20-04 02:15 PM Response to Reply #33 |
63. Counseling |
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fob
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Tue Jan-20-04 04:51 PM Response to Reply #63 |
80. You do you know what sarcasm is, don't you? |
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Buffler
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Tue Jan-20-04 04:57 PM Response to Reply #80 |
82. I knew the Jesus |
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DuctapeFatwa
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Tue Jan-20-04 11:17 AM Response to Original message |
35. There are already programs like this, the ONLY reason to do it is |
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leetrisck
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Tue Jan-20-04 11:43 AM Response to Original message |
40. These loans are already |
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Ramsey
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Tue Jan-20-04 11:47 AM Response to Original message |
42. I bought a property under an FHA program |
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Frodo
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Tue Jan-20-04 11:55 AM Response to Reply #42 |
44. That's a slightly different program. |
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blurp
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Tue Jan-20-04 01:16 PM Response to Original message |
47. How about reducing the cost of building a house? |
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Frodo
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Tue Jan-20-04 01:19 PM Response to Reply #47 |
49. There are about 25 hands in that pot. |
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blurp
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Tue Jan-20-04 01:25 PM Response to Reply #49 |
50. Can you tell me more? |
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Frodo
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Tue Jan-20-04 01:31 PM Response to Reply #50 |
53. It's "all of the above". |
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blurp
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Tue Jan-20-04 01:39 PM Response to Reply #53 |
55. So supply is very inelastic? Lumber cost surprises me. |
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Frodo
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Tue Jan-20-04 02:00 PM Response to Reply #55 |
60. ok. |
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blurp
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Tue Jan-20-04 02:04 PM Response to Reply #60 |
61. Hey, thanks for the useful information. |
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truthisfreedom
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Tue Jan-20-04 01:27 PM Response to Original message |
51. bush thinks the dream is "home" but it's actually "job" for millions of us |
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Lostmessage
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Tue Jan-20-04 02:09 PM Response to Original message |
62. What's he going to take credit for next giving gifts on Christmas |
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gulliver
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Tue Jan-20-04 05:01 PM Response to Original message |
85. Where is the money coming from? |
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Frodo
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Tue Jan-20-04 05:07 PM Response to Reply #85 |
88. Largely a self-financed plan |
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Sannum
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Tue Jan-20-04 05:18 PM Response to Original message |
93. Is it just me |
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leftchick
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Tue Jan-20-04 08:44 PM Response to Reply #93 |
95. Worse than that Sannum... |
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Silversocal
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Tue Jan-20-04 09:30 PM Response to Original message |
98. Damn that suks |
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