In response to:

Housing Recovery, Real or Fake?

Snarkasterous1 Wrote: Feb 09, 2013 9:38 AM
Ah, liberals: "the current anti-gun zealot Governor Cuomo of New York as head of HUD under Clinton ordered welfare and unemployment be counted as ‘income’ to qualify for a mortgage." My God, liberals are ignorant. Just look at how they "Helped" all those poor, poor people - you know, the ones now either trapped in homes they cannot afford, or with credit utterly destroyed by having defaulted on their loans. Of course, the country took a BRUTAL economic beat-down, too....but, Hey! Liberals like Bawney Fwank can hold his head (and man-boobs) high - 'cause he REALLY CARED about the poor. How about this approach to home ownership? Graduate high school, work hard. Create value for your employer so that you may be promoted. Save a....
Snarkasterous1 Wrote: Feb 09, 2013 9:40 AM
...portion of your earnings, no matter how small they may be.

Accumulate, through prudent financial management, both sound credit, and a respectable down payment, over years of work and savings. Recognize that your first home is likely to be less than palatial - pursue something actually within your means.

In other words, follow the path of HUNDREDS of MILLIONS of Americans that have preceeded you! You know, the ones that EARNED and SAVED and WORKED their way into the homes they have.

Or, one could be a liberal, and just assume that housing is a "right" and something one is entitled to simply by dint of one's citizenship...

We all saw how THAT turned out!

- Snark

 

Let’s be clear: The housing industry is one of the most regulated and manipulated sectors of the economy. The seeds of the financial meltdown were planted by social engineering by liberals in the Clinton administration, mandating loans by quota based upon income instead of prudent lending standards.

It became so bad that when the current anti-gun zealot Governor Cuomo of New York as head of HUD under Clinton ordered welfare and unemployment be counted as ‘income’ to qualify for a mortgage. The goal of home ownership by all Americans meant radical changes to prudent lending practices had...