Comments on: Federal Legislation: Housing Aid May Be Coming http://www.seattledebtlaw.com/blog/2008/05/20/federal-legislation-housing-aid-is-coming/ Bankruptcy, foreclosure, and debt help for Seattle-area consumers Tue, 27 Sep 2011 15:59:56 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: David Mordue http://www.seattledebtlaw.com/blog/2008/05/20/federal-legislation-housing-aid-is-coming/comment-page-1/#comment-51 David Mordue Tue, 01 Jul 2008 07:26:46 +0000 http://www.seattledebtlaw.com/blog/?p=7#comment-51 The "Bill" They are talking about, is a $300 Billion bail out that would shift Billions of $$ worth of mortgages into FHA programs. Who funds FHA programs? The Tax Payers. I'm all for helping people to keep their homes, and would definitely support the government helping people, but a $300 Billion project like this seems very shortsighted, and I would be interested to see how they foresee this affecting the future generations of tax payers. The government needs to temper their willingness to help people in the short term by taking a look at how it will affect us in the long term. My point being, let's help people now, but let's not set something in motion that could create a future situation that is far worse than the situation we are trying to allevieate. Great Posts, By the way. You have a good blog going here, and I hope that others will post replies to it. The “Bill” They are talking about, is a $300 Billion bail out that would shift Billions of $$ worth of mortgages into FHA programs. Who funds FHA programs? The Tax Payers.

I’m all for helping people to keep their homes, and would definitely support the government helping people, but a $300 Billion project like this seems very shortsighted, and I would be interested to see how they foresee this affecting the future generations of tax payers. The government needs to temper their willingness to help people in the short term by taking a look at how it will affect us in the long term.

My point being, let’s help people now, but let’s not set something in motion that could create a future situation that is far worse than the situation we are trying to allevieate.

Great Posts, By the way. You have a good blog going here, and I hope that others will post replies to it.

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