The Housing Bailout Bunch

I really dont like the idea that our tax dollars are going to go to someone who could not afford to purchase a house. What ever happened to the tight reins that banks used to have, that you could spend no more than 1/3 of your family income on housing? I cant buy a house right now due to not having enough money to afford it, so why cant others have the same mind set?

The housing crunch is everyone's fault, first the banks for giving easy credit to those who could not afford a house in the first place, and second to the existing home owner who is trying to keep his house from going into forclosure. If the government is going to do something, they need to ensure that for a person to get a home loan they have to be able to show proof that only 1/3 to 1/2 of their family income can afford the home. The government should not waste tax payers dollars for something that will only work in a short period of time. Its like putting a band-aid on an already infected wound.

Alan of OR 4:35PM April 10, 2008