Do you think our government should do anything to help people losing their houses?
by 
goofoffgoose
ANSWERS: 7
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yes! they say we are "one nation under God" well than lets be one!
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The government should step in long before people lose houses. It should stop loans to people win "No Incomes/No Jobs or Assets" and take lenders to task for giving large loans to people who will be unable to pay if anything even small goes wrong.
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Thats a big nation to take care of. Like a bunch of teenagers who are not responsible enough to pay back their debts.Come on.This would be an easy way out for alot of peeps to try.An lets face it if given an inch people will take a mile. It's time to be responsible for your own actions...as a nation.
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Make it tougher for unqualified applicants to get approved for loans in the first place. Anyone who got a 110%, adjustable, interest only mortgage was just asking for it. You got yourself into this problem, so you should have to figure out how to get yourself out. Not being cruel, but if you order up a $376.89 meal at the restaurant, and realize you can't afford it after you've eaten, that's your problem to figure out what to do about the bill. Don't forget to tip the waitress. ;-)
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I was in foreclosure a couple of years ago when I lost my job... I had to sell. Did the government help me? Nope... (I don't feel cheated either, I wouldn't expect it...) Sometimes, life has teeth...
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No. People either knew what they were getting into or should have known. Like any investment, housing is a gamble. Some people guessed wrong, or took a calculated risk and lost. A bigger issue still is where are they going to get the money? Are they going to rob a more worthy cause, or rob tax payers' pockets? I can think of far more productive ways to spend money than bailing out someone who made a bad decision.
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As a person who has worked hard for 31 years and was taught not to be financially irresponsible and has paid off his mortgage 15 years ago, I say no. The companies who allowed these people to receive loans for what they couldn't afford should be held accountable.
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