ST Alpha - ""The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded" -- (link)" (Reading a Post)

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"The Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded" -- (link)

Posted by ty97 Mar 5 '12, 08:59

(No message)

"helping some speculators who drove up prices and inflated the housing bubble." (www.bloomberg.com)

Responses:

I don't know *anyone* who's been able to get help through the program. so I think this sucks. - jones Mar 5, 09:31
*do not like* -- nm - Mop Mar 5, 08:59 15
- this. -- nm - tRuMaN Mar 5, 09:00 13
  - My visceral reaction was the same, but if it assists in solidifying the housing market for the whole of us, I can get over it. -- nm - ty97 Mar 5, 09:01 12
    - i understand the rationale for it, i just dont believe we should be bailing out people who where investors - tRuMaN Mar 5, 09:04 11
      - I agree, but if we're cutting our nose to spit our face perhaps we need to swallow our pride - ty97 Mar 5, 09:05 10
        
        [deleted] 7
        
        We're on, what, Year 4? 5? I'm not convinced anything's going to work at this point, but am willing to try. -- nm - ty97 Mar 5, 09:17 6
        
        They could try reinstating the first-time homebuyers tax credit... -- nm - znufrii Mar 5, 09:22 2
        
        wasnt really that successfull in helping the housing market - tRuMaN Mar 5, 09:23 1
        
        oh sure - znufrii Mar 5, 09:25
        
        [deleted] 2
        
        I'm not sure you can draw that conclusion. You can just as easily say we haven't given enough force. - ty97 Mar 5, 09:22 1
        
        [deleted]
        
        This has been done repeatedly throughout the economic crisis though. It's like "how much bad behaviour do we need to reward?" -- nm - Roger More Mar 5, 09:09
        
        naw, just cut more noses. no nose for you. no nose for you. -- nm - tRuMaN Mar 5, 09:06
- Is this supposed to be a reply to Pippy below? -- nm - ty97 Mar 5, 09:00

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