February 22, 2009
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Satire taken for serious writing
O.M.G.
This featured post was a satire on the economic bailout (I Hope Obama Can Do Something About My Weight Problem). And I can NOT believe the number of comments the girl received telling her that the government wasn’t responsible for her weight gain.
While the article was funny, the comments were hysterical – are people REALLY that stoopid!!??
To get to her underlying message. . .
Personally, I hate the thought of one of my neighbors in their 3500 sq ft house getting government help (READ: my tax dollars at work) so they don’t lose their mortgage while I am paying my own mortgage for my 1500 sq ft house without government help thankyouverymuch. I would love to move into a 6000 sq foot mansion BUT I LEARNED TO LIVE WITHIN MY MEANS.
Maybe we should take 8 billion dollars and build more homeless shelters.
Comments (5)
The whole thing has me kind of upset too. I didn’t lose my house because I was overextended. I lost my house because my property taxes went up and doubled my payment. So I would not have gotten any help either had I still been in it.
I have learned to live within my means too and had enough sense to realize while I could come up with a downpayment, I could not afford the monthly payments and maintainence on a house. I am grateful to be in my apt.
Have a good Monday.
didn’t I write a few posts about this same subject? there is a difference between getting a mortage and being able to make the payments and something seriously happens to their income verses you don’t make too heck of a lot but we will give you a mortage and they think well…. we won’t go grocery shoppin one week if it goes up a little.
one friend of ours (use to be friends gave them up because well they always thought someone owned it to them always) They are consistantly paying overdrafts, or barely twenty bucks in their checking account after the bills have been paid.
it’s not only a mortage payment they have to pay on…. upkeep, if something gets broken how will they pay for it. did they think of that when they were signing the deed as “mr and mrs I am a dumb cluck”
One of the things we are talking about in my MBA classes are the many many theories of how we (society wise) got into this recession. One of the theories is that everyone got so shook up by the burst of the dot com bubble that we did everything we could to keep the economy going at the brisk pace it was going, and that there was actually regulation out there (started when and authored by whom, I don’t know) that almost required banks to make loans to people who wouldn’t necessarily be able to pay them.
I bought a house in 2006, and I’m buying a house next week. The amount of examination I had to go through for both was about the same; meaning they were both pretty invasive. I would just love to know how people were getting mortgages when they didn’t have to prove income when in both cases, I’ve had to hand over my previous two month’s bank statements and then explain every deposit over $1000 that wasn’t a paycheck.
Ooooooh, don’t get me started on the whole mortgage/foreclosure debacle. I’m sitting smack in the middle of it. Got my county property tax vaulation statement last week. When I bought/built my house in 2004, I put down $15k. Financed $110k. Which, in my weak mental math, gave me a value of $125k for my house.
Over the next 5 years, my valuation statement has swung from $32k (when the house was basically a dirt lot in the middle of a field) to a peak of $228k in 2007. For my 2010 projected value, the house is now worth $83k to the County.
I owe about $93k. And since the house has an “upside down” value of more than 5%, I will not be eligible for that fiiiiiiiiiine restructure proposed by President Obama. Plus, when I called my bank to discuss the options, I was told that since I was not in financially dire straits and was not behind on payments, they would not be willing to rewrite anything down.
The mortgage rep helpfully said, “if you think your job is in jeopardy, perhaps you could ask to be furloughed early?”
Phenomenal. Really phenomenal. (Real estate comps in the area? Below $70k. We aren’t even CLOSE to a bottom in Phoenix. Awesome time to buy…too bad I can’t sell.)