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Some thoughtful questions for Obama supporters — 3 Comments

  1. I’m almost completely on the Hilary Bandwagon, looking forward to seeing Clinton-Obama take on McCain-? for the race. I figure America wins no matter what at that point; McCain is pretty centrist for a republican, Mr. Clinton was down the street from me a couple of weeks back (see here:). I listened over the radio as they only admitted some 500 or so people, and I mostly agreed with what he had to say, except….They want to bolster the housing market! NO! Let that sling slide! Look, bolstering the market only serves to INCREASE PRICES, keeping the down-trodden and middle-classes from being able to afford decent housing. How the hell is this plan supposed to HELP US afford the American Dream?Let the housing market slide. The people losing on it right now? People who bought to flip, holding onto mortages they thought they could sell in 6-18 months. Fuck ’em. I watched these people turn the street I used to live on from a middle-class suburb to a $1 million+ cul-de-sac. Yes, it went from affordable to $1.2 million in the course of 5 years. FUCK. THEM.Let the housing market crumble, let it correct itself, you want to insure us, you want to feed us and clothe us, why not get us a house too? That’d be nice!

  2. I agree with you about flippers except for this – when houses go into foreclosure it has horrible ripple effects for everybody else.I read that for every house that is foreclosed in a neighborhood, the property values of the other houses in that same neighborhood go down 1%.Also crime goes up with abandoned houses.There also seems to be a lot of poor people who got into loans they thought they could afford, but really could not because they were sold a bill-of-goods and didn’t understand the dangers of the adjustable-rate mortgages they were getting into.Also, in an overall economic downturn, people can basically use their houses like an ATM card, and take out equity for family emergencies. That is a good thing too.So it is complicated…doug

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