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Post by rmarks1 on Dec 19, 2013 16:38:36 GMT -5
With so many poor, homeless people around, what does the government do? It helps rich people buy homes! Another wonderful solution from our intelligent and compassionate government.
Bob
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Post by Deleted on Dec 19, 2013 17:54:32 GMT -5
Conservative hypocrites. Family values, my foot (right on their asses)! Home ownership is supposed to be what promotes the family and community and those a-holes what to take away the mortgage deduction. How do they think so many people can afford those mortgages? Huh??? $100,000 is wealthy? Another joke. And where do most of the rental homes come from? From individual people who buy them and pay mortgages. That's who.
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Post by rmarks1 on Dec 19, 2013 20:41:25 GMT -5
Conservative hypocrites. Family values, my foot (right on their asses)! Home ownership is supposed to be what promotes the family and community and those a-holes what to take away the mortgage deduction. How do they think so many people can afford those mortgages? Huh??? $100,000 is wealthy? Another joke. And where do most of the rental homes come from? From individual people who buy them and pay mortgages. That's who. If I made $100,000 a year, I would consider myself wealthy. And I live in an expensive city. And they are not taking away the mortgage deduction. The article simply points out that most of the benefits are going to the wealthy, not the poor. Who pays for this subsidy to the rich? The folks in the middle. And that's us. Bob |
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Post by Deleted on Dec 19, 2013 20:48:06 GMT -5
$100,000 is NOT rich, dammit! Sure, one person by themselves with no other financial obligations, maybe can called doing okay. You really think $100,000 is enough for a family of four, for instance? Okay, I have to keep reminding myself who you're representing. And YES there was serious talk of getting rid of the mortgage deductions from your friends. Don't start with me.
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Post by tricia on Dec 20, 2013 0:54:36 GMT -5
Bob,
What KIND of aid are they getting? Maybe I don't understand the article...I read it three times (only what you posted here I didn't click on the link) trying to figure out exactly what kind of "help" they're giving the *wealthy* (which, by the way, $100,000 a year is NOT..though I used to think so too).
I underwrite mortgages everyday. As a matter of fact I do ALL of the government loans for our entire region and I'd say a little over 50% of them have some kind of government assistance attached to the loan. EVERY government assistance program has a household income limitation. This means that if the "household" income is over a certain amount they do not qualify for asistance EVEN IF the other people in the household are not on our loan. For instance, if I have a man who is applying for the loan on his own but he is married and I can see on his tax returns that the combined income exceeds the limitation...he no longer qualifies for the assistance. I don't know of ANY government programs that assists a person who makes in excess of $100,000 a year...well, except for the ones where the household income can be higher depending upon family size. A couple of those program limitations exceed $100,000 but you have to have like 5 people living in the home.
You would not believe the things we have to do now in mortgage, Bob. There's a new law going in to affect next month. Have you read up on "Qualified Mortgage" law for lenders? Oh, it's lots of fun. I get to write a full freaking report now on each and every loan I approve. That's just one of at least 15 things I have to do that didn't have to be done before. As of next month I can be sued if a borrower thinks I approved him and he didn't qualify for his mortgage. Neat stuff!
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Post by rmarks1 on Dec 20, 2013 10:19:17 GMT -5
$100,000 is NOT rich, dammit! Sure, one person by themselves with no other financial obligations, maybe can called doing okay. You really think $100,000 is enough for a family of four, for instance? Okay, I have to keep reminding myself who you're representing. And YES there was serious talk of getting rid of the mortgage deductions from your friends. Don't start with me. $100,000 is still way above the official poverty line, isn't it? And the article didn't say that most of the aid was going to families who make $100,000. It said that most of the government aid was going to families whose income is OVER $100,000. How many families with incomes of $150,000 and $175,000 are getting aid? The fact remains: much more aid is going to families with income OVER $100,000 than to families who make $50,000 or less. Bob |
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Post by rmarks1 on Dec 20, 2013 10:27:39 GMT -5
Bob, What KIND of aid are they getting? Maybe I don't understand the article...I read it three times (only what you posted here I didn't click on the link) trying to figure out exactly what kind of "help" they're giving the *wealthy* (which, by the way, $100,000 a year is NOT..though I used to think so too). I underwrite mortgages everyday. As a matter of fact I do ALL of the government loans for our entire region and I'd say a little over 50% of them have some kind of government assistance attached to the loan. EVERY government assistance program has a household income limitation. This means that if the "household" income is over a certain amount they do not qualify for asistance EVEN IF the other people in the household are not on our loan. For instance, if I have a man who is applying for the loan on his own but he is married and I can see on his tax returns that the combined income exceeds the limitation...he no longer qualifies for the assistance. I don't know of ANY government programs that assists a person who makes in excess of $100,000 a year...well, except for the ones where the household income can be higher depending upon family size. A couple of those program limitations exceed $100,000 but you have to have like 5 people living in the home. You would not believe the things we have to do now in mortgage, Bob. There's a new law going in to affect next month. Have you read up on "Qualified Mortgage" law for lenders? Oh, it's lots of fun. I get to write a full freaking report now on each and every loan I approve. That's just one of at least 15 things I have to do that didn't have to be done before. As of next month I can be sued if a borrower thinks I approved him and he didn't qualify for his mortgage. Neat stuff! Now this is a valid criticism. The author of the article obviously got it wrong. Thanks Tricia. Bob |
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