The Mortgage Guy Blog

Congress would like the prudent to pay for the misdeeds of the irresponsible. Of course the cost will show up in your tax bill or the ever shrinking buying power of our dollar. Enough is enough.

Say now or pay later. Visit this website dedicated to stopping the mortgage/real estate bailout. Stop the Mortgage Bailout.

From the website…

This site is dedicated to stopping the government’s planned bailout of the housing market. A bailout requires responsible Americans to pay for the acts of greedy bankers, mortgage brokers, flippers, and over-extended homeowners. In other words, the government wants you to pay for the blunders of others who knew, or should have known, better.

Equally as important, a bailout would permanently price out of the housing market all those responsible Americans who have been patiently saving to buy a house that they can actually afford. The current housing correction is necessary to correct for the historic run up in housing prices over the past decade, which has pushed the price of housing beyond affordability. By bailing out the housing market, the government will prevent housing prices from returning to affordability and thereby ensure that young families will not be able to afford homeownership.

A government bailout of the housing market is both fiscally and morally irresponsible; it is an unfair subsidy being paid to the wealthy (bankers), the greedy (mortgage brokers, flippers, and yes some homeowners), and the incautious (some homeowners), with no benefit to those paying the bill (taypayers).

Why should responsible Americans be forced to pay for the mistakes of others?

They are stealing from us. Let them know we know. United we can stop them.

Tags: Current Events, Finance & Economy, Mortgages, Real Estate //