Chris Matthews on unfair housing bailout

[bighorse1010]

im sitting here with 3 of my friends and we are going over your comments, dood your one wacky dood, thx for serving our country though im greatful for that, but your a retard!

[Geographer76]

Why are liberals so concerned with the value of their homes? Isn't the home a place you live? Once it is bought, it is priceless to the person who lives there. What does it matter what the market value may be? Did you buy only to sell or to live in the home? If you bought only to sell then you are not a home owner, you are a speculator.

[bighorse1010]

well it comes down to how the market works, if your neighbor cant make his paymnt then you lose value in your home, so like for example your equity drops as a result and instead of getting that 25000 dollar loan for improvements on your home or a boat for retirement or anything that adds to the QUALITY of life you end up getting less because you dont have the equity you once had because property value has gone down, anyways i could go on for days why its bad for all of us.

[Geographer76]

For those of us who bought homes to "live" in, and not as a "profit return item", the market value means little.

I have a house that I bought 21 years ago. If my neighbor improves his house, or lets it go fallow, or burns it to the ground, it will not effect the value of my house as it relates to being my home. My home value depends only on my making it comfortable form me. The market is irrelevant, unless you are just trying to make a fast buck.

[Geographer76]

As for my neighbors losing their houses, several of the houses on my street are sittin empty right now, because their owners bought elsewhere and are trying to sell their houses for far more than their market values were before the fallout, on the hand other houses in the neighborhood were put on the market at the fair market prices, and sold at prices that were set last summer, and only sold recently. Because their owners were not scalping the new buyers.

[bighorse1010]

as a real estate agent, i find your logic baffling, housing value can be shown to have a +1 correlation between the condition of your neighborhood and the subsequent value of your home, your home is an investment, the largest investment most americans undergo in achieving the american dream, because at the end of the day your home should mean something, should have a return in value IF one should chose to sell, your backwards thinking will cripple us even further. (cont)

[Geographer76]

Not everyone buys a house looking forward to it's sale. You most likely approach marriage looking forward to the divorce, with mentality like yours your spouse definately would.

Many of the home loans that failed and brought on the home loan collapse were instigated by people like you, looking to "Flip" a house for a quick profit, and they got caught in the drop, that is why I have always opposed any bailouts for home loans, I see no reason for my taxes to subsidise your greed.

[bighorse1010]

and not everyone buys a home and sits their ass in it the rest of their lives, for most of us a home is an investment, as it should be, christ you pay enough money for it, it should offer it back and then some for the amount of time and money that goes into owning a home, some people desire upward mobility and arent content with staying in one spot, so ya your insane.

[Geographer76]

Considering that I served in the military for 22 years and moved every 2-3 years, I think I deserve to "sit on my ass" for a while. If I choose to do it in one house it is none of your damned business. I know you will most likely rant on about how I am wrong but liberals are like that, they assume they are right and anyone who disagrees with them is wrong, even though they go through life blathing on in their typical clueless manner.

[bighorse1010]

wow you are totaly retarded, your the reason why we are in the shit we are in now,,,,retards like you who dont understand the market,,,go fuck yourself retard!

[Geographer76]

Bite me shithead! I understand the market well enough to know that leeches like you have been conning people into buying houses they could ill afford. So you probably bought houses to flip and got caught in the downturn, If you lost your shirt in the dealings, you deserved it. Crooks like you, are the reason I routienly congratulate my Congess people every time they vote against any bailouts.

[bighorse1010]

REEEEEETAAAAAARD!!!

[Geographer76]

Well said, however, I must point out your aggregious error....

You have obviously mistaken me for someone who give a shit, as to what your think.

Thimblebrain.