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BroadHopper · 01-31-2010, 01:08 PM

Is artificially keeping the economy going. Giving folks false signals like the Clunker bill. Folks bought cars and ended up defaulting their loans. Creating a bigger mess.

The affordable homes bill is turning govt backed mortgages into 2 to 4% mortgages. Even to folks who don't have jobs and folks who have second homes. I can't imagine the false security that will bring.

Homes may be selling but the overall cost of homes are 10% less than last year. Lots of folks finds theit mortgage are worth more than their homes and are short selling or walking away.

Good for the realtors but on the long run the consumers suffers

01-31-2010, 01:08 PM	#3
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,589 Thanks: 3,230 Thanked 1,107 Times in 797 Posts	The stimiulus package Is artificially keeping the economy going. Giving folks false signals like the Clunker bill. Folks bought cars and ended up defaulting their loans. Creating a bigger mess. The affordable homes bill is turning govt backed mortgages into 2 to 4% mortgages. Even to folks who don't have jobs and folks who have second homes. I can't imagine the false security that will bring. Homes may be selling but the overall cost of homes are 10% less than last year. Lots of folks finds theit mortgage are worth more than their homes and are short selling or walking away. Good for the realtors but on the long run the consumers suffers __________________ Someday may never be an actual day.