About Us

D K[_6_]

wrote:
On Feb 6, 11:38 am, wrote:
On Feb 6, 11:34 am, HK wrote:

Frogwatch wrote:
Home ownership isn’t always a good thing, especially when it ties
someone to low paying jobs preventing him from moving for a better
job. The American dream of home ownership was pushed by Barney Frank
et al by making it possible for low income Americans to qualify for
low down payment or zero initial interest loans but this turned out to
be no favor to these people. Low income people should be free to move
around to get better jobs and eventually they will move up to higher
pay and be able to afford a home.
For example, right now, the US overall unemployment rate is 7.6% with
over 10% in Mi. yet it is only 3.8% in WY where it is still hard to
get even unskilled labor. Many of the jobs in WY are oil, gas and
coal jobs that pay well even for unskilled workers and although these
jobs will only last as long as this fuels boom, by that time these
people will be skilled enough to get jobs elsewhere and be able to buy
homes.
How do I know this will work, personal experience, it is exactly what
I did in the early 80s. Nobody should buy a home until they are
really ready to settle down and have the financial ability to pay for
it the conventional way. We put off buying until our first chilled
was 2. Having a kid did not settle us down or slow us down but buying
a home certainly did.
Home ownership is not for low income unsettled people so Frank et. al
should stop pushing it on them.
Fortunately, you aren't in charge of anything.- Hide quoted text -
- Show quoted text -
The same could be said for you. At least we work, unlike you who sit
around all day making empty posts.- Hide quoted text -

- Show quoted text -

Harry doesn't even run his own life. Remember, he wants the government
to do it for him.

Don't forget his landlord Karen...

Thread Tools	Search this Thread
Show Printable Version	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
My old Home Sweet Home CVA-62 - 026220.jpg	Mike[_2_]	Tall Ship Photos	2	September 8th 08 02:51 AM
Poor man's Air Conditioning	RCE	General	27	July 3rd 07 07:29 PM
Free to good home. Or any home.	John H.	General	1	November 15th 05 01:45 PM
Workin' Man's Yacht	[email protected]	General	64	May 15th 05 08:33 PM

Menu

About Us