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Wednesday, September 24, 2008

Comments

Did not see the show but heard talk at work today about it.

I am frustrated. We have done everything right. Paid our bills on time, took out only debt we could easily handle, invested to max in 401(k)'s, bought a house we could afford, gave generously to our church and helped own families when needed and continued to save and save and save.

Okay - now we have our investments (and even continue to invest in a down economy), are of retirement age, want to fulltime. But - can not sell a house that is now worth 2/3 what is was only one year ago. So we continue to work and put our dreams on hold Frustrated and mad - you bet we are.

I think that the housing market was way over inflated several years ago. JMO I didnt see the Oprah show however am a fan of Suze. We still wish we would of kept our home but for now full-time will be our choice until we find our place in Pardise!

Judy

I no longer watch any "news" media that refuses to present all the facts. That leaves virtually no TV. I check reputable sources online and I double check any details that sound too good to be true.

I made six calls to our representatives today and tomorrow looks like an even busier schedule. There's a lot to question in the goings on on the hill and it's up to us to tell them what we do and do not want.

Thanks Howard for the info from your experience.

Howard,

Very enlightening! Thanks.

Vee

This morning on the local tv station (Oklahoma City) they reported that the mortgage "bailout", as originally proposed, is on hold because the representatives in the House of Representatives are REALLY hearing from citizens.

Yet another example that some are listening to the people. Chris Dodd and Barney Frank are complaining about the House Republicans. I am proud that citizens are calling and getting involved in our government.

Remember...elections in November. Vote out those that don't listen.

If the mortgage non-payers suffer the losses of their homes, why do we not demand that the businessmen who made the bad loans, and the businessmen who re-packaged the bad loans and sold them to FNMA, etc., also lose in these situations.

The bailout talks of limiting compensation for the bigwigs at the companies being bailed out. My question is why they would get any compensation at all.

If a small business fails, the owner loses. Why is the owner(s) of a big business not treated the same way?

The president of WaMu is walking away with $19.1 MILLION for three weeks time in the job. The stockholders and many bondholders will lose their entire investments.

There is definitely something wrong with this picture.


Judie Ashford

A house is only worth what a person will pay for it. You cannot look at what it was "worth" a year ago. Any house will sell if it is appropriately priced. You have to decide if it's worth it to you to drop the price, eliminate that mortgage payment, and be free to travel to all the beautiful parts of this country in your "home on wheels".

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