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#1
posted to rec.boats
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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. |
#2
posted to rec.boats
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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. |
#3
posted to rec.boats
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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. |
#4
posted to rec.boats
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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. |
#5
posted to rec.boats
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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. |
#6
posted to rec.boats
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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. |
#7
posted to rec.boats
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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. |
#8
posted to rec.boats
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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 |
#9
posted to rec.boats
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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. |
#10
posted to rec.boats
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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 |
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