Dec. 3rd, 2008

pondering

Dec. 3rd, 2008 11:58 am
elessa: (fluffy bunny)
Obama: Financial bailout must help homeowners, too

been thinking about this. what percentage of the population owns a home? what percentage rents?

why should those who have a mortgage be given help with making their expenses? why aren't those who rent and are also having money come out of their pockets in order to have a roof over their head given aid as well?

seems to me that the few are being given preferential treatment over the many.

don't get me wrong. i have been a homeowner. i was careful with mortgages on both houses i owned. yes, the first house was with my ex, the second i held the mortgage in my name only as i was divorced. they were fixed rate 30 year loans. no surprises in monthly payments.

i now rent.

i do not think someone should be bailed out simply because they own a house they can't pay for. there are people who rent who cannot make their monthly payments either due to job downsizing or rent increases. how is this different as those who bought, have job issues and now may have an increased mortgage payment due to a variable interest rate?

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