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Posted: 6/12/2009 3:42:49 AM EST
... Damn, if this don't make your blood boil

http://www.azcentral.com/business/realestate/articles/2009/06/12/20090612housing-stimulusbuyer0612.html#comments



Nationalization, pure and simple
Link Posted: 6/12/2009 7:55:38 AM EST
I want to buy a home just as much as the next guy, but I DO NOT want help from the government. Thanks, but I'll pass.
Link Posted: 6/12/2009 8:56:00 AM EST
Originally Posted By rizzo1318:
I want to buy a home just as much as the next guy, but I DO NOT want help from the government. Thanks, but I'll pass.
I'm the exact opposite. I've been giving the government my hard earned money since I was 14. I think its time I get some of it back!

Link Posted: 6/12/2009 9:33:45 PM EST
As a realtor, as much as a I hate to see bailout funds getting thrown around, this is actually a pretty good use for it.

Think about all the people employed by a single real estate transaction..

2 realtors, 2 brokers, a lender, a loan officer, a title company, a title agent, an appraiser, a home inspector, a termite inspector, an A/C company, a home warranty company, home insurance companies, real estate sign post companies, handymen, home depot/ace hardware for minor fixes, moving companies, etc.. (I'm sure i'm missing more people, but you get the idea)

Not to mention home values stabilizing because of previously vacant foreclosed homes now being occupied/cared for, and a seller finding a new place to live, a buyer attaining a long term asset.

Like I said.. as much as it makes me want to vomit that we are repeating the "ease of attaining" homes again after our '05-'06 hypermarket fallout, this is actually a beneficial use of stimulus money to help trickle down money across many industries.
Link Posted: 6/12/2009 10:58:47 PM EST
Originally Posted By unpleasant:
As a realtor, as much as a I hate to see bailout funds getting thrown around, this is actually a pretty good use for it.

Think about all the people employed by a single real estate transaction..

2 realtors, 2 brokers, a lender, a loan officer, a title company, a title agent, an appraiser, a home inspector, a termite inspector, an A/C company, a home warranty company, home insurance companies, real estate sign post companies, handymen, home depot/ace hardware for minor fixes, moving companies, etc.. (I'm sure i'm missing more people, but you get the idea)

Not to mention home values stabilizing because of previously vacant foreclosed homes now being occupied/cared for, and a seller finding a new place to live, a buyer attaining a long term asset.

Like I said.. as much as it makes me want to vomit that we are repeating the "ease of attaining" homes again after our '05-'06 hypermarket fallout, this is actually a beneficial use of stimulus money to help trickle down money across many industries.


We'd be better off if they didn't tax us as much and then try and revive it themselves. But I see where you're going.
Link Posted: 6/13/2009 5:51:55 AM EST
Originally Posted By rizzo1318:

I want to buy a home just as much as the next guy, but I DO NOT want help from the government. Thanks, but I'll pass.


Ah-ah-ah.......not so fast there `riz.....

Where's your socialistic inner self that really wants something for nothing (Obamarama will provide all, right?)






Yeah, I know....... I got your "change" right here too buddy!

Link Posted: 6/13/2009 8:48:50 AM EST
iSi Se Puede!


Link Posted: 6/13/2009 9:28:18 AM EST
Originally Posted By FreeBear:
Originally Posted By rizzo1318:

I want to buy a home just as much as the next guy, but I DO NOT want help from the government. Thanks, but I'll pass.


Ah-ah-ah.......not so fast there `riz.....

Where's your socialistic inner self that really wants something for nothing (Obamarama will provide all, right?)






Yeah, I know....... I got your "change" right here too buddy!



And again, I will respectfully disagree that its something for nothing for everyone. The money they are giving out is our money. So if you, or Rizz, or anyone that has been good upstanding citizens gets some of their's back, all the better. Granted I know that it will mostly be people that did not contribute and I fully see your points. I'm just saying, I've been paying the government for 20 years now. I could use some of it back.
Link Posted: 6/13/2009 9:47:50 AM EST

Originally Posted By unforgiven5150:
Originally Posted By FreeBear:
Originally Posted By rizzo1318:

I want to buy a home just as much as the next guy, but I DO NOT want help from the government. Thanks, but I'll pass.


Ah-ah-ah.......not so fast there `riz.....

Where's your socialistic inner self that really wants something for nothing (Obamarama will provide all, right?)

Yeah, I know....... I got your "change" right here too buddy!



And again, I will respectfully disagree that its something for nothing for everyone. The money they are giving out is our money. So if you, or Rizz, or anyone that has been good upstanding citizens gets some of their's back, all the better. Granted I know that it will mostly be people that did not contribute and I fully see your points. I'm just saying, I've been paying the government for 20 years now. I could use some of it back.


... I think it's more about honor, morals, dignity and doing the right thing in your family's eyes

Once an individuals adopts the, "fuck it everyone else is doing it - I'm entitled too" attitude, they become a part of the problem as opposed to a part of the solution

High road / low road kinda thing

Link Posted: 6/13/2009 9:55:49 AM EST
What about the $7.5k or the $15k federal tax credit for homebuyers..

How do your feelings stand on that? You wouldn't end up paying your "fair share" of taxes for that year if you took advantage of the credit.. therefore other people would have to pick up "the slack" of the 7.5-15k you wouldn't be contributing that year.

But would you just throw away that money on principal?


Link Posted: 6/13/2009 11:29:55 AM EST
Part of the reason we got into this mess was putting people into homes they can't afford. Sounds to me like this is just a continuation of that. If you can't afford a home in THIS market, you just plain can NOT afford a home.
Link Posted: 6/13/2009 8:22:25 PM EST
You guys are completely missing the point. This is a handout to banks by creating artifical demand which translates to higher prices so the banks don't lose so much money. And tax payers are paying for it.

And as far as generating business and jobs, that is flawed logic because you could say an arsonist does the same thing. Not to mention the house would eventually sell for the correct market price anyway and generate the same amount of business.

I personally would applaud the nationalization of the banks because what we have now is socialism for the rich. Unfortunately, the current adminstration seems to think we should keep socialism for the rich and expand it to the poor. In which case the middle and middle upper class gets a royal screw job.
Link Posted: 6/15/2009 4:13:24 PM EST
Great $3,000,000,000.00 in the whole lets dish out $121million to set us back more. Artificial inflation is what got us into trouble, why would they bring it back?
Link Posted: 6/16/2009 3:42:46 PM EST
Now we are going to have the same horseshit we had before, overpriced homes, thta no working man can afford in this economy.

Gov needs to stay out of it.

P.S. real Estate agents are partly to blame for the original mess along with the lenders by pushing pushing ignorant buyers into homes they couldn't afford.

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