Bathia_Mapes: I want a unicorn now daddy!

Over in one.

Obama is to historical to fail.

Obama has historically failed.

you decide you choose.

A rainbowcheck?

Bathia_Mapes: I want a unicorn now daddy!

So that's where Drew got his idea for PITA

worst. president. ever

/yes i went there

Good news, though I don't personally have a mortgage.

What_Would_Jimi_Do: worst. president. ever

/yes i went there

LOLWUT?

FTFA:

The Standard & Poor's 500 Supercomposite Homebuilding Index lost 11 percent this week, hurt in part by a scaling back in the stimulus bill of a tax credit to new homebuyers. Centex Corp., the second-biggest American homebuilder, dropped 23 percent to $8.54.

With a farkin 11 month supply of existing homes, coupled with foreclosure and tax sales flooding the market, the last thing this economy needs is any sort of stimulus for more homes to be built. The same plumbers, electricians, roofers, etc. who build new homes can repair the ones that have been neglected for the past two years since the bubble burst. The poor executives of the new home builders, well tough shiat. They had their cake, selling overpriced McMansions built by subcontractors who hired illegals to the less than credit-worthy.

My interest rate is 6 1/4 through GMAC. They won't even talk about refinancing, even threatened me with thousands of dollars in points and closing costs. Now they're surviving on the tax payers dime.

Man, I thought it was funny when I saw this: http://www.youtube.com/watch?v=P36x8rTb3jI

I didn't think he'd actually do it.

Nucleus: They won't even talk about refinancing, even threatened me with thousands of dollars in points and closing costs.

It depends on your state. In my state, "prepayment penalties" like that are illegal. With mortgage interest rates about 1-1.75 lower than that, you might be able to save a few bucks by refinancing now. Here's a calculator. (new window)

The PORKus package has become the symbol of Democratic rule.

Now pore out the PORK/WASTE stories, this will be fun.

I want my free gas.......

give me, give me, give me

2 Billion for ACORN

winterwhile: I am REALLY high, even this early in the morning

No doubt!

winterwhile: 2 Billion for ACORN

winterwhile: I don't know why I'm repeating already debunked talking points! I wish I knew what I was talking about but that would take an investment in time and effort - and I'm not about to do that when the voice in my dashboard can fill me in on everything I need to repeat!

I wish you'd stop posting exactly the same message every single time.

Sorry it was 4 Billion for ACORN, but it was cut...cry cry cry to just 2 Billion

All of the spending in the PRRKis Bill would eventually have been appropriated by the Democrats; it is essentially your Big Christmas list.

Now However, when it does nothing for the Nation, we get to say

PORK

and

PORK

and

2 Billion for ACORN


fun

winterwhile: ACORN, ACORN, ACORN, ACORN, ACORN,

Why do you hate an organization that works to register people to vote?
Do you hate the democratic process or something?

This is why your party is rapidly marginalizing itself to the point of not even having a seat at the table.

That's okay though, we won't miss you while we clean up all the messes you all made.

Mortgage payments aren't even on my radar screen. What about those of us who have farked up in the past but want to make good now? There used to be rehabilitation programs for someone in default on their student loans. This program allowed one to make 9 consecutive payments at which time a bank would buy back the debt and you would get out of default, helping your credit and peace of mind.

Now? The program is in suspension (at least in my state, I know others are as well). No banks are willing to participate, not even the ones that received billions in bailout money. The only way out of default is paying in full.

Look, I'm certainly not defending myself. I know I farked up big time when I let myself get into default, however there are single moms out there and families with parents who have lost their jobs and have to decide between feeding their child and paying these student loans. Where is their bailout?

flannelled fool: With a farkin 11 month supply of existing homes, coupled with foreclosure and tax sales flooding the market, the last thing this economy needs is any sort of stimulus for more homes to be built.

The article wasn't talking about new home construction, it was talking about first-time home buyers.

First-time homebuyers who purchase this calendar year get an $8,000 tax credit which does not have to be repaid like a similar measure last year. This phases out for people making more than $75,000 individually or $150,000 jointly. "First-time homebuyer" is defined as someone who has not owned a home for the past three years.

Link (new window)

"new homebuyers" as opposed to "new-home buyers".

/Eats, shoots and leaves
//BTW, when the Senate passed the bill, the credit was $15K

flannelled fool


"you might be able to save a few bucks by refinancing now."

I suspectnoocleus and I are in a similar situation. I put 20% down and have paid 3% of my mortgage off, but that is almost completely offset by the drop in my condos value. To refi, I'll need to start from scratch and buy mortgage insurance. That is despite my being on time every month and having an income that qualifies me for a much higher mortgage.

My guess is that this bill will bail out dolts that make $30K and bought $300K house, not for people with common snese.

Does anyone have a link to the details of this bill? I hear allot of generalities, but no detail. Heck, has the public, or even the media, had a chance to see what was just passed?

winterwhile: The PORKus package has become the symbol of Democratic rule.

Now pore out the PORK/WASTE stories, this will be fun.

Gosh, you're right. We should have just given 700 Billion to banks and CEOs with no oversight.

/go back under your rock, Republican.

Random Reality Check: winterwhile: ACORN, ACORN, ACORN, ACORN, ACORN,

Why do you hate an organization that works to register people to vote?
Do you hate the democratic process or something?

This is why your party is rapidly marginalizing itself to the point of not even having a seat at the table.

That's okay though, we won't miss you while we clean up all the messes you all made.

Better yet, do you hate McCain for supporting them, too?

First time homebuyers are locked out. The prices are just way too high. Starting out with an inexpensive "starter home" is no longer an option because we know values will go down, not up. So unless we can afford a home you want to be living in ten years from now, we don't buy. I truly feel our economy will continue to get worse until home prices come way down. I know it sounds counter-intuitive, but you have a lot of people locked out of the american dream, and we're saving our pennies while renting instead of maxxing out the credit card at Home Depot and Ethan Allen.

BigBooper: Does anyone have a link to the details of this bill? I hear allot of generalities, but no detail. Heck, has the public, or even the media, had a chance to see what was just passed?

Here's a link to all 647 pages if you want to read it

Link (new window)

In general, Recovery.org is a site you want to bookmark, as Obama has promised to detail on there where every penny of the stimulus package is going to be spent.

brigid_fitch: The article wasn't talking about new home construction, it was talking about first-time home buyers.

The article in the section I cited was referring to the stock decline of new homebuilders. Apparently, they wanted more and didn't get what they wanted. Here it is again:

The Standard & Poor's 500 Supercomposite Homebuilding Index lost 11 percent this week, hurt in part by a scaling back in the stimulus bill of a tax credit to new homebuyers. Centex Corp., the second-biggest American homebuilder, dropped 23 percent to $8.54.

In other words, the new homebuilders wanted a larger credit in hopes of building more homes which would add to the already existing stock of homes and further depress prices. Further adding to the troubles of "upside-down" homeowners and adding to the financial woes of banks. The very last thing this economy needs, for the foreseeable future, is more homes. The law of supply and demand aren't just an economic theory erased on January 21st.

GOB: First time homebuyers are locked out. The prices are just way too high. Starting out with an inexpensive "starter home" is no longer an option because we know values will go down, not up. So unless we can afford a home you want to be living in ten years from now, we don't buy. I truly feel our economy will continue to get worse until home prices come way down. I know it sounds counter-intuitive, but you have a lot of people locked out of the american dream, and we're saving our pennies while renting instead of maxxing out the credit card at Home Depot and Ethan Allen.

Nah, it's just going to be another 2 years. I would buy in a heartbeat if I didn't already have a decent house. And there are a LOT of bargains out there right now, especially if you can do a little repair work yourself. I'm talking owner-finance, no-money-down stuff, CHEAP.

flannelled fool: The article in the section I cited was referring to the stock decline of new homebuilders. Apparently, they wanted more and didn't get what they wanted. Here it is again:

Caffeine-deprived brigid_fitch is caffeine deprived. You're right--I'm comparing apples to codfish. The article is saying exactly what you're saying, but the tax credit for new homebuyers is still in the bill (albeit decreased).

As for new home construction, part of the bill is meant for long-term economic stability. New construction now might not make sense, but 3-5 years down the road, who knows? There really should have been something in the final bill to help out homebuilders. 2009's gonna suck, but if this thing works, we'll do a 180 right quick.

flannelled fool: With a farkin 11 month supply of existing homes, coupled with foreclosure and tax sales flooding the market, the last thing this economy needs is any sort of stimulus for more homes to be built. The same plumbers, electricians, roofers, etc. who build new homes can repair the ones that have been neglected for the past two years since the bubble burst. The poor executives of the new home builders, well tough shiat. They had their cake, selling overpriced McMansions built by subcontractors who hired illegals to the less than credit-worthy.

Those homebuilders can get to work weatherizing existing homes.

This provides a double benefit of cutting energy use (with all its benefits for the homeowner and the nation) and by eliminating the opportunity for increasing the floor-area/occupant ratio which has steadily increased over the last few decades, thus canceling out any efficiency improvements we have made in energy codes for new housing, and reducing the impact on natural systems due to resource and land use.

This is what really bites me in the ass. My girlfriend is a teacher making $27,000 per year. She has two kids. She tried to apply for a loan so she could go back to school to get her Masters so she could make more money. Her loan application was rejected because she apparently makes too much money already.
At the same time, we are propping up these failed companies who are suffering from their own mistakes. It's not my farking fault they gave loans to high risk individuals. Why do I have to support them?
I think we are stimulating the wrong part of the economy. This is a bullshiat fix for this country.

I want to know what happens to those of us who didn't buy an overpriced house and managed to make all of our house payments on time. We drove a twelve year old car around to save enough money to pay cash for my son's college tuition so there are not even any student loans to be forgiven.
I think that we should get some kind of a bonus check for doing things right instead of watching those that made bad decisions get thousands of our tax dollars to bail themselves out.

brigid_fitch: 2009's gonna suck, but if this thing works, we'll do a 180 right quick.

Which made me wonder what zillow dot com has to say about my own property:



Things are finally looking brighter. After excessive appreciation from 2001-2005 things have leveled off at 2005 value. We'll probably see the historic average appreciation of 4% resume soon. Which to buyers who put 10 to 20% down, and write off interest and taxes, will mean they make a slight profit. Time to buy, with a fixed rate mortgage in the 4 to 5% range? Right now, imho.

Random Reality Check: winterwhile: ACORN, ACORN, ACORN, ACORN, ACORN,

Why do you hate an organization that works to register people to vote?
Do you hate the democratic process or something?

This is why your party is rapidly marginalizing itself to the point of not even having a seat at the table.

That's okay though, we won't miss you while we clean up all the messes you all made.

Why do you hate an organization that works to register dead people to vote?

gizmanjr: Why do you hate an organization that works to hires people who register dead people who can't vote?

b strike

That $789 billion chump change was just a down payment.

For people who have been without a job for a while this might be a case of closing the barn door after the horse gets out. How about reducing the penalty for withdrawl out of a retirement account so people dont have to rely on assistance.

Unright: We should have just given 700 Billion to banks and CEOs with no oversight.

Didn't we do that in October?

brigid_fitch: /Eats, shoots and leaves

Loved that book.

/teaches linguistics and comp.
//scared to confess that on Fark where teachers are dimwits, over-sexed pigs, and/or slackers

gizmanjr: Why do you hate an organization that works to register dead people to vote?

I don't know why I'm gonna bother, but I know you'll never do the research on your own. ACORN hires low-wage workers who basically get paid for every name they register. Some of the workers cheat. All names, no matter how ridiculous, must be turned over to the state election committee to comb through. The election committee checks each name and tosses any bogus ones. Since all states require that newly-registered voters produce some form of ID at the polls, even if one bogus name slips through, it's not like it's going to matter because that person won't show up or won't be able to prove their ID.

Not to mention that ACORN isn't mentioned ANYWHERE in the bill. There is money set aside for community organizations. If ACORN wishes to apply for some of the money, they can.

Oh, and by the way, after Republicans wasted a few hundred thousand of your tax dollars to investigate, they uncovered 1 (one) instance of voter fraud, and that was from a guy who'd already turned himself in a month prior. But please, go on with your butthurt.

/Why aren't you complaining about faulty Diebold machines that were mis-calibrated and switched some people's votes? That's been widely documented.

bcroz: For people who have been without a job for a while this might be a case of closing the barn door after the horse gets out. How about reducing the penalty for withdrawl out of a retirement account so people dont have to rely on assistance.

The stimulus is not aimed at us.

That's what the president should be doing, focusing on reducing people's mortgages. You know, Trent and Donna have trouble filling up their Porsche Cayenne that they bought with their equity, while at the same time paying their million dollar mortgage. Please, take my tax dollars, you poor things. I'll continue renting like a responsible person, having NOT bought more than I could afford. Hopefully our tax dollars can keep these cocksuckers' quality of living at the unrealistically high standards they established for themselves.

What_Would_Jimi_Do: Obama is to historical to fail.

Obama has historically failed.

you decide you choose.

How about "what the hell was that first statement".

I'm going to go with "your troll was a historic failure".

pleaseDemeter: scared to confess that on Fark where teachers are dimwits, over-sexed pigs, and/or slackers

I think you're maybe the third teacher I've encountered on here. I used to teach HS English, but long before that book was published. A lot of my students really could have used it.

Owangotang: Mortgage payments aren't even on my radar screen. What about those of us who have farked up in the past but want to make good now? There used to be rehabilitation programs for someone in default on their student loans. This program allowed one to make 9 consecutive payments at which time a bank would buy back the debt and you would get out of default, helping your credit and peace of mind.

Now? The program is in suspension (at least in my state, I know others are as well). No banks are willing to participate, not even the ones that received billions in bailout money. The only way out of default is paying in full.

Look, I'm certainly not defending myself. I know I farked up big time when I let myself get into default, however there are single moms out there and families with parents who have lost their jobs and have to decide between feeding their child and paying these student loans. Where is their bailout?

The priority right now is to help assholes pay their mortgages. Your problems aren't important. It's all about enforcing home ownership, particularly for those that can't afford to own. Because owning a home in America isn't a privilege, it's a RIGHT. Even if you're not a citizen.

brigid_fitch: flannelled fool: Which made me wonder what zillow dot com has to say about my own property:

That's a damn handy site! Never heard of it before. I had thought my house had gotten hit hard, but it looks like I'm trending FAR better than the rest of my town.

That's great, except Zillow's numbers are complete fiction. Your house is "worth" what people are actually paying for similar properties. If you look at real comps and compare them to Zillow's estimates, they're never even close.

like what he's doing or not ya can't say the guy isn't doing stuff...

wolvernova: That's what the president should be doing, focusing on reducing people's mortgages. You know, Trent and Donna have trouble filling up their Porsche Cayenne that they bought with their equity, while at the same time paying their million dollar mortgage. Please, take my tax dollars, you poor things. I'll continue renting like a responsible person, having NOT bought more than I could afford. Hopefully our tax dollars can keep these cocksuckers' quality of living at the unrealistically high standards they established for themselves.

If you are a responsible person, you will be held responsible.
If you are an irresponsible person, responsible people will be held responsible.
Same as it ever was.

/Fark the entitlement mentality crowd.

wolvernova: The priority right now is to help assholes pay their mortgages. Your problems aren't important. It's all about enforcing home ownership, particularly for those that can't afford to own. Because owning a home in America isn't a privilege, it's a RIGHT. Even if you're not a citizen.

It sure seems that way, doesn't it? I guess buying a home, no matter how beyond your means it is, is the lifeboat some of us missed out on.