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1   Oil Can   ignore (0)   2012 Aug 1, 12:20am     ↓ dislike (0)   quote   flag      

Thank God. Mortgage rates would go as high as credit card rates.

3   StillLooking   ignore (0)   2012 Aug 1, 1:57am     ↓ dislike (0)   quote   flag      

Could Obama be any worse on housing policy?

4   Oil Can   ignore (0)   2012 Aug 1, 4:51am     ↓ dislike (0)   quote   flag      

StillLooking says

Could Obama be any worse on housing policy?

At this point doing nothing would have been better.

5   Cheeseus Sonofdog   ignore (0)   2012 Aug 1, 5:09am     ↓ dislike (0)   quote   flag      

Somebody paid $50k for a new SUV four years ago when gas plunged to $1.65. Gas is now almost $4. They can't afford to drive. If they sell their SUV they lose 50%. Yet they need to get to work to keep our economy going. Should we pay off their debt? Most if us just keep curent with our contract. We will pay off the SUV and continue to use it. It has a function. We bought it as transportation, not as an investment. Housing too has a function. It should be a home. With 30 years to pay it off, those who agreed to the contract should swallow the short term pain....

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