re: #134 reuven

Our current administration is anything but fiscall conservative I wonder why, if we’re broke, do we have plans to pay peoples rent/mortgage for 18 months (for example)

[Link: www.news-press.com…]

This is a silly waste of money. If we let this home foreclose, then the price will drop, and someone else may be able to afford it w/o government assistance.

And, to add insult to injury, the recipients of this “free rent” won’t have to pay income tax on the value of this benefit.

Storytime!

My good friend is househunting. He said he and his special lady looked at about 35 to 40 places before finding the right fit. But a few of them they liked, but tried to get the banks to drop the price by about 10k. The banks refused. This is what he said:

“These places were foreclosed on a long time ago. Both had been vacant for almost a year. Both had small water leaks and were starting to get mold problems. Nobody lives there, so nobody cares. But if they sit on these houses for another year because they won’t drop the price a little, these things will get foundation damage. I wouldn’t be surprised if I drove by these lots a few years later to see the buildings torn down due to not fixing a water leak, or selling to someone who will. All so they could save ten grand.”