New 75 Billion Housing Bailout Plan

[pontooner]

Anyone feel left out? Anyone not spend beyond their means and still live well and can afford to pay their bills? Anyone not buy a new car, truck or boat because you knew it was wrong financially? Anyone wondering when we stopped rewarding doing things right instead of bailing out things that go wrong?
I would love to refinance my home at 2-3% on a 15 year fixed loan. Why not I'm good for it!
I'm pulling for Barry to see the light and help the people who are responsible enough to manage their money and who knows some might spend some of that new found money.

I know this isn't going to make you feel a lot better but there are a few things that should/could help the responsible home owner.

The biggest benifit is it helps protect your homes value by not letting other homes in your neighborhood go into forclosure which drives down the value of all homes in the area. If a couple homes in a neighborhood go into forclosure your homes value is going to take a major hit. Yes I know your not getting something paid for like the person who's home is being forclosed on and you shouldn't have to worry about your homes value decreasing because someone can't pay for theirs but it is what it is and this is where were at.

You should be able to refinance your home at a better rate, will know more about this March 4th (I think that's the date)

I thought I heard something about a $1000 tax credit/rebate or something like that for people who were making their payments on time. Don't quote me on this one though, could be completley false, just thought that's what I heard once.

[kygorski]

You know you guys are right on this one.Mykids? both are miffed by this, and wonsder why I'm not upset. My grand parents were immigrants, they lost their first home in the depression, there was no hope. Had an uncle worked for the WPA, my mother used to stand in line for food hand outs with her sisters. They lived through it, and my mom was frugal with a capitol F. Just one aunt left now. They lived through rationing through WW11, watched their sons[grand parents] fight in the pacific, europe, and a few came home wounded.I have never needed, wanted yes. Been broke several times.And heading there again maybe. Had two beloveded wives die before my eyes. So why should I be upset by this bail out? I dont have a mortgage, or a job to loose, and life is to short to worry about things I didn't cause,and cant fix.Like I told my son who is raising hell about the guys getting free money, life isn't always fair, its not always easy,and there are things that are going to happen to you that you cant control. Or for see.