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Thread: McCain on Housing Prices?

  1. #1
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    McCain on Housing Prices?

    Someone correct me if I'm wrong, but I'm pretty sure in the debate last night McCain talked about a plan to "prop up housing prices." If so, that's an unbelievable statement. Does he actually want to restore bubble prices? Right now, the correction in the housing market, painful as it is, is the best thing for us long term (not to mention the market taking its natural course). Why on earth would he want to change that? :huh:

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    [QUOTE=BushyTheBeaver;2807393]Someone correct me if I'm wrong, but I'm pretty sure in the debate last night McCain talked about a plan to "prop up housing prices." If so, that's an unbelievable statement. Does he actually want to restore bubble prices? Right now, the correction in the housing market, painful as it is, is the best thing for us long term (not to mention the market taking its natural course). Why on earth would he want to change that? :huh:[/QUOTE]

    Yup...you heard correctly. McCain wants to re-inflate over-inflated housing prices.

    Just agree with him...the doctors said to just play along...

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    [QUOTE=BushyTheBeaver;2807393]Someone correct me if I'm wrong, but I'm pretty sure in the debate last night McCain talked about a plan to "prop up housing prices." If so, that's an unbelievable statement. Does he actually want to restore bubble prices? Right now, the correction in the housing market, painful as it is, is the best thing for us long term (not to mention the market taking its natural course). Why on earth would he want to change that? :huh:[/QUOTE]

    Its called reform... apparently

    Maverick ;)

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    Obama inferred the same by saying he wants to renegotiate mortgages.

    My head might explode if tax payer money goes towards that. I put 90k down and am also underwater. I swear I'll stop paying tomorrow and run up some CC debt if they'll let me renegotiate as well. I want a flat screen lcd anyway.

  5. #5
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    [QUOTE=CTM;2807578]Obama inferred the same by saying he wants to renegotiate mortgages.

    My head might explode if tax payer money goes towards that. I put 90k down and am also underwater. I swear I'll stop paying tomorrow and run up some CC debt if they'll let me renegotiate as well. I want a flat screen lcd anyway.[/QUOTE]

    I pay my mortgage every month on time in full, and the rest of the bills I owe. I bought a house that I can afford, and live within my means.

    I play the game, and what do I get? Diddly-poo. I should have bought a house $100K more than I can afford, and then the gov't will come bail me out and I ge to keep my high priced home.

    F'in bullcrap if you ask me. I should be able to renegotiate my mortgage, then, even if I'm not in trouble with it. Whats good for the goose is good for the gander.

  6. #6
    [QUOTE=BushyTheBeaver;2807393]McCain talked about a plan to "prop up housing prices." If so, that's an unbelievable statement. Does he actually want to restore bubble prices? [/QUOTE]
    Probably. Nothing he says or does will surprise me - and I really don't like that. But Obama, to me, leaves little doubt he is a committed socialist/master community organizer. It's truly a stinker's choice here.

    Still wish Romney was the candidate. Oh yeah, Palin rules. If she made 10% of the moronic statements that Biden makes on a daily basis she would have been assassinated by now. The harder the electorate looks at these truths, the better McCain's chances might become. Right now it's Obama with the lead in the fourth quarter, running out the clock.

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    [QUOTE=Big L;2807608]I pay my mortgage every month on time in full, and the rest of the bills I owe. I bought a house that I can afford, and live within my means.

    I play the game, and what do I get? Diddly-poo. I should have bought a house $100K more than I can afford, and then the gov't will come bail me out and I ge to keep my high priced home.

    F'in bullcrap if you ask me. I should be able to renegotiate my mortgage, then, even if I'm not in trouble with it. Whats good for the goose is good for the gander.[/QUOTE]

    Here here, but don't forget to add maxing out yer CC on flat screen's and IPOD's to buying a house that's 100k more then you can afford.

    You haven't been a good little consumer and will not be rewarded.


    I posted something awhile back, but what I'd actually like to see if the Fed discount window opened to everyone to re-fi at those 1.5% interest rates. I did the math and it would drop my mortgage payment by almost 1000k a month if I had access to that sweet interest rate...

    There's a plan that
    a) doesn't bail out banks directly and in fact probably costs them a ton of money
    and
    b) is fair for everyone
    and
    c) isn't much different then the nationalization of debt we are doing anyway

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    [QUOTE=sackdance;2807715]Probably. Nothing he says or does will surprise me - and I really don't like that. But Obama, to me, leaves little doubt he is a committed socialist/master community organizer. It's truly a stinker's choice here.

    Still wish Romney was the candidate. Oh yeah, Palin rules. If she made 10% of the moronic statements that Biden makes on a daily basis she would have been assassinated by now. The harder the electorate looks at these truths, the better McCain's chances might become. Right now it's Obama with the lead in the fourth quarter, running out the clock.[/QUOTE]

    Palin's an absolute disagrace. They don't even let her talk to the media anymore, after not allowing her to chat with them for the first month or so. What does that tell you?

  9. #9
    [QUOTE=CTM;2807761]Palin's an absolute disagrace. [/QUOTE]
    No she's not. You echo self-admiring intelligentsia and not the electorate. The way the media tries to undercut her only underscores her potential. And, unlike Obama, she has a record to back her words. He doesn't even have that, just smoothness and Joy Behar's undying admiration. Larry Flynt's too.

  10. #10
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    [QUOTE=sackdance;2807808]No she's not. You echo self-admiring intelligentsia and not the electorate. The way the media tries to undercut her only underscores her potential. And, unlike Obama, she has a record to back her words. He doesn't even have that, just smoothness and Joy Behar's undying admiration. Larry Flynt's too.[/QUOTE]

    What are her words? She doesn't really seem to have a grasp of any issue at all.

    She has potential to be a national embarrassment, that's about it.

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