Ok, but in my opinion, keeping homes from flooding the market, especially homes in foreclosure, is good for most homeowners. Listen, for me, it’s fine. I am in a condo, that I am considering buying early next year. I am really happy here. The farther the value falls, the better off I am. But, for people who are in homes already, the more homes flooding the market, the lower your value is going to go. Further, even if you are willing to take that hit, lower home values across the board is bad for the economy. It really hurts all of us.
I am not for the bailout personally, however, if you are going to have it, there is no way to have it for banks only as the R’s wanted. You have to include help for distressed homeowners as well. Also, things aren’t as simple as, you can’t afford it sell it. By the time you’re in that boat, your credit is often destroyed, you can’t even get an apartment, most of these people have kids. You know, I guess I just think that our American system sucks if you want to know the truth. It’s all for the big guys, the rich, and the very well educated can make out ok in that atmosphere too, but that is not the majority of Americans. I’m sick of making excuses because I don’t like to see people thrown out on the street. Did you know that there are tent cities now??? Is that what we want in this country?
