Housing Bill - InspectionNews

Matt Fellman · #1 (**permalink**) 07-23-2008, 10:39 AM

While this could have far reaching effects on the value of the dollar and inflation, it's nice to see something getting done. The tax breaks for first time buyers and others just might spark a little business for all of us.

FOXNews.com - Bush Drops Opposition to Housing Aid Bill; House Vote Expected Wednesday - Politics | Republican Party | Democratic Party | Political Spectrum

Andrew Buckwell · #2 (**permalink**) 07-24-2008, 09:10 AM

It might help a bit but looking at the number of foreclosures, (see Free Custom Foreclosures Search -- Foreclosures By Email -- EmailForeclosures.com ),
this really seems like a "drop in the bucket".

Michael Larson · #3 (**permalink**) 07-24-2008, 10:44 AM

It's mostly a feel good, "look we fixed the problem" bill by politicians in an election year.

It's a least a partial bailout of lenders who got stupid.

Unfortunately, it removes some of the risk for lenders (and their investors) associated with lending money to those who would not normally qualify.

And guess who gets to pay for it.

You, me and all taxpayers.

Deleted Account · #4 (**permalink**) 07-24-2008, 06:41 PM

Here is something I almost never do... Agree with Larson.

Nick Ostrowski · #5 (**permalink**) 07-24-2008, 10:49 PM

The next time I catch my son with his hand in the cookie jar, I'm going to reward him with a box of Oreos.

Wilson Hash · #6 (**permalink**) 07-25-2008, 06:38 AM

Yes this might bring more work and put money in our pocket, but it will also take money out of our pocket to pay for all the greed that created the mess!!!

Ben Christianson · #7 (**permalink**) 07-28-2008, 06:32 AM

It's too bad the politicians and bankers forgot to read the book on the S&L bailout in the late '70's and early '80's. It might have helped prevent the debacle we're in now.