Striper Talk Striped Bass Fishing, Surfcasting, Boating

     

Left Nav S-B Home FAQ Members List S-B on Facebook Arcade WEAX Tides Buoys Calendar Today's Posts Right Nav

Left Container Right Container
 

Go Back   Striper Talk Striped Bass Fishing, Surfcasting, Boating » Striper Chat - Discuss stuff other than fishing ~ The Scuppers and Political talk » Political Threads

Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi:

 
 
Thread Tools Rate Thread Display Modes
Prev Previous Post   Next Post Next
Old 04-13-2012, 07:27 AM   #31
Jim in CT
Registered User
 
Join Date: Jul 2008
Posts: 20,441
Quote:
Originally Posted by RIJIMMY View Post
people lost BILLIONS in the tech bubble of the 90s. A reeession followed.
Why didnt the government step in and make them whole? Why wasnt there a program to help investors recoup their losses?
Because people were investing and investments can result in a loss. A home is an investment. Period.
EXACTLY, EXACTLY, EXACTLY. Why didn't the feds come in and give me back the money we all lost.

I'll disagree that most homes are simply investments...to many people, a home is just that, a "home", a place to raise kids and watch them grow. But a lot of these people who are now underwater bought these houses SPECIFICALLY as investments, planning to sell the house when the price doubled, because they knew they had no chance of re-paying the mortgage when variable rates were re-set. Their financial loss is no different than what people lost in the stock market crashes of 2001 and 2008.
Jim in CT is offline  
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 12:24 AM.


Powered by vBulletin. Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Please use all necessary and proper safety precautions. STAY SAFE Striper Talk Forums
Copyright 1998-20012 Striped-Bass.com