A man's home is his ball and chain
 

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.

A man's home is his ball and chain
 

On Feb 6, 11:11 am, 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.

"child" not "chilled", damn, the weather is getting to me.

A man's home is his ball and chain
 

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.

A man's home is his ball and chain
 

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.

A man's home is his ball and chain
 

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.

I figger that I run my life which is more than most people can say who
allow everything else to run their lives.

A man's home is his ball and chain
 

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 -

Fortunately, you aren't neither.

A man's home is his ball and chain
 

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.

A man's home is his ball and chain
 

On Fri, 6 Feb 2009 08:11:40 -0800 (PST), 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.

Good points. But historically when you've got an adequate job it's
generally been better to buy a home than to rent.
The recent past with inflated home prices and trick loans has been an
exception.
I'd venture to guess that health insurance prevents mobility in jobs
more than owning a home does.

--Vic

A man's home is his ball and chain
 

On Feb 6, 1:27 pm, Vic Smith wrote:
On Fri, 6 Feb 2009 08:11:40 -0800 (PST), 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.

Good points. But historically when you've got an adequate job it's
generally been better to buy a home than to rent.
The recent past with inflated home prices and trick loans has been an
exception.
I'd venture to guess that health insurance prevents mobility in jobs
more than owning a home does.

--Vic

Before I owned a home, health insurance was never an issue because
every job I had since college provided some form of it. If employers
did not provide health insurance, then job mobility would not depend
on it. Employers have no business being in the health insurance
business as that is not what they do best.

A man's home is his ball and chain
 

It's usually the mans kids that are named that.
JR


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.

--
--------------------------------------------------------------
Home Page: http://www.seanet.com/~jasonrnorth