Reply #39: Maybe i'm taking the "repug" approach on this - but SCREW STUPID PEOPLE! [View All]

[RoadRage]

We purchased a house in 2005. We purchased a house well within our means. We didn't get the shiny house with an all brick exterior, a pool in the back yard, 6 bedrooms, and granite counter tops.

We purchased one that we could afford, and still be able to save for our kids college fund, and make our car payments each month.

We also did something else dramatic. We locked in on a 30 year mortgage.. no arm... no 2% interest only for the first 2 years, with it climbing up from there as we hope & prayed that MAYBE our home value would continue to skyrocket at unprecedented rates. Nope, we took the "safe" route at 5.9% - locked for good, knowing we're paying slightly more now, but it won't be going up later.

So, why the HELL should anyone who wasn't "smart" about this deserve a bailout? I'm sorry - I don't want there to be a lock on forclosures.. if you bought a house you can't afford - then you don't get to live in it. I don't want there to be a lock on interest rates to pander to people who are not smart enough to read the details of the loan they are signing.

I do like Obama's plan... i'm sorry, but I'm not "for" supporting people who are to stupid, greedy or BOTH to do so for themselves.