Comments on: Obama encouraging people to buy homes at new low mortgage rates?

By: Hi

Hi — Fri, 10 Apr 2009 01:06:36 +0000

ahh, I see you saw, it's obviously an attempt to get money flowing again between banks. Those who have lost their jobs and/or been foreclosed need not apply.
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By: Chris Pascale

Chris Pascale — Thu, 09 Apr 2009 20:01:15 +0000

That's a terrible idea. Isn't that how we got into this mess.

On the upside the home value will outperform the $. Check it out $1 became 97 cents last month.

http://americanaffairs.suite101.com/article.cfm/transparency_act_threatens_the_powerful_fed
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By: Kay

Kay — Thu, 09 Apr 2009 19:55:41 +0000

Ha Ha Ha ……..I guess he's hoping "The Rich" people will buy some.

The mortgage rates may be low but all other interests are going up.
Bank of America announced that their credit card interests even on their good customers are going up.
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By: Phil M

Phil M — Thu, 09 Apr 2009 19:53:46 +0000

He is also encouraging them to refinance their current home…

Why aren't you shopping to show the terrorists they can't beat us?
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By: joevette

joevette — Thu, 09 Apr 2009 19:52:07 +0000

It is very similar to the program the GM has where they will make payments for you if you buy a new car and lose your job. If you are in financial trouble, as a country or a business, you should not try to do things that hurt your bottom line. I am no business major but I do understand that you can not make money by giving it away.
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By: Jaws67

Jaws67 — Thu, 09 Apr 2009 19:50:35 +0000

So you want him to encourage people not to buy homes? Yeah, your plan is brilliant!
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By: TAT

TAT — Thu, 09 Apr 2009 19:50:19 +0000

What is ironic is that people taking advantage of low interest rates buying homes they could not afford caused the problem. What is his plan for coping when interest rates rise?
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By: WonderwalL

WonderwalL — Thu, 09 Apr 2009 19:49:00 +0000

How about try to hold on to their home
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