Comments on: The Fed Can’t Fix Home Prices

By: house mag editor

house mag editor — Sat, 05 Jul 2008 03:17:49 +0000

Some government help needs for sure – and best help is don't touch the market at all.

By: Ormond Beach Florida

Ormond Beach Florida — Fri, 14 Mar 2008 08:47:15 +0000

I think the goverment needs to leave the market alone as well. To the lenders who profited during the boom right back at you with foreclosures.

What we need to provide is good quality jobs.

How will I spend my $600 has been a source of joke for me first I was thinking sending it to DNC that would show them with a thank you to be send to 1600 Pennsyvania Avenue DC. Then I joked I was gonna send it to Africa, Darfor and Oprah. Then I thought what the heck I pay my credit debt. Not sure the flavor of the week choice this week still working on it. Oh yeah I think I talked about buying $600 of chocolate now that one still has merit.

By: Lane Bailey

Lane Bailey — Thu, 13 Mar 2008 21:36:26 +0000

We are in the same corner there… and I'm not surprised. Trying to fix what has already broken is just dragging out the pain.

By: Las Vegas High Rise

Las Vegas High Rise — Thu, 13 Mar 2008 14:38:09 +0000

Jay, have you seen the company that will "help" you (for a not so small fee either) walk away from your home?

By: Gatlinburg Real Esta

Gatlinburg Real Esta — Thu, 13 Mar 2008 07:54:05 +0000

@ Florida Custom Home Builders

You sound like you could possibly be a Ron Paul supporter. Not meant as an insult. I mean, what you just said in regards to the many issues at hand is the platform of Ron Paul. I agree with many of the ideas and solutions, to an extent. I also believe (here comes the conspiracy theorist part of me) that the round table that actually governs and runs the world will never allow border control like we all want. If anything, they want a North American super nation that consists of the United States, Canada, and Mexico. We may not see it in our lifetime, but I think the ball has already begun to roll….

By: Gatlinburg Real Esta

Gatlinburg Real Esta — Thu, 13 Mar 2008 07:45:32 +0000

I agree completely. Govern(mental) intervention is nothing but a band-aid, and an undersized one at that. As harsh as it sounds, everything needs to just run its course and let the chips fall where they may. What I thought was quite humorous was the $200 Billion that the fed is going to dump into the economy to reset mortgage balances and rates as well as entice banks to work with each other and lend money. Where is the $200 billion coming from? China! With the current situation in regards to the economy, energy, food, the American dollar, etc., this country is going to be in a world of hurt as recession completely engulfs everyone but the top 5%. And all the while Exxon will continue to report 30%, 40%, hell even 60% increases in quarterly earnings. Who is running the freakin country!! Certainly not the people.

By: Florida Custom Home

Florida Custom Home — Thu, 13 Mar 2008 07:35:18 +0000

I think they shouldn't interfere also in the lending crisis but it is an election year. I am opposed to the bailouts for home owners also. I rather see them give matching deposit money to those that the financial data is sound.

Don't get me going on the war. I rather see us do a better job protecting this country borders, better standards on the food and rule out chance for terrorist attemps on food, l like to see homelessness and hunger of our children and familes who live in woods, cars and street stopped. I like to see better "green" alternatives and working towards not needing the oil we spend all the goverment money fighting for. I rather see infrastructure fix bridges especially. Lets make this country shine again my motto. We have lost all standing in the world due to war, currency, economic problems. We need to spend money here and bring this country back and from there we will have respect of the world let alone a place to be proud of again.

Sorry to rant!

By: Dining Room Set

Dining Room Set — Thu, 13 Mar 2008 04:05:49 +0000

There is another dimension to this. Those who continue to honor their commitments by keeping up payments get the short end of the stick. This is actually robbing Peter to pay Paul. This is grossly unfair to honest people who pay their bills.

By: Charleston Real Esta

Charleston Real Esta — Thu, 13 Mar 2008 03:38:19 +0000

Jay, I'll stand in your corner with you and suggest that a government bailout would only postpone the inevitable. The market has always worked things out and will again.

I think "uneducated borrowers" are a fairly small percentage of troubled homeowners but should stupidity be rewarded with a free pass.

By: Winning Ponies

Winning Ponies — Thu, 13 Mar 2008 01:49:36 +0000

I think that there should be some government help… heck, if we can afford to spend $8 billion per month in Iraq, the gov. should be able to invest some money into our economic condition for our future well being… yes, they could let the market play out, as it will, but the forclosures are huge right now and there are a lot of problems due to uneducated borrowers.