I've been Scmap'd :: home :: Pink Crocs and Red Poodle
* Hilldog Loves Stupid People *
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Apparently, Hilldog (that's Hillary Clinton to you) is endorsing a bill that will put $1 billion into the hands of people who couldn't figure out how to do basic math when they bought their house in the first place. She claims that evil mortgage brokers conspired against the poor, unsuspecting public to dupe them into signing stacks of paper for a house they couldn't afford.
This is EXACTLY the sort of stupidity that keeps me from calling myself a Democrat. I mean, I truly take the environmentally sound sort of life to heart (I've owned a couple electric cars and plan on getting another one for my next car) and don't really think Bush has done a good job of anything really, but I refuse to call myself a Democrat because of the stupid shit they always do in regards to money and babying people who are too stupid to function in the world by themselves.
Look, the long and short of it is this. If people can add/subtract/multiply/divide a few numbers properly, they should have seen that they couldn't have possibly afforded their homes in the first place and shouldn't have signed anything. No one duped them (I agree, there are a few percentage points of impropriety as there are always are in any large system), no one put a gun to their head saying sign it, etc. I remember walking around looking at townhouses out at Rivermark here in Santa Clara. They were very nice homes that were priced around $600K. At the time, I was making around 70-80k per year and was in debt up to my eyes. The salesperson in the model home said she could finance me. No money down, no worries. She said she just gave a family with single earning engineer who made 85k a loan for $600K with no money down. Quickly doing the math in my brain...600Kx2=1.2mil/30yrs=40Kyr/12mo=+-3400/mon in payments+500propertytax+100insurance+200HOA= 4200/mon*.75fortaxbreak=3150/mon payment. OUCH.
I was taking home barely above that mark and had two car payments, credit cards to the hilterlands, and other expense of course. And this salesperson lady was going to give me a loan for $600K on the spot. I thought about it for about 3.4 secs and smiled. Then I got up and left. I knew these people were nuts. And now, these are exactly the same assholes that Hilldog wants to send a check to...because they were "duped". C'mon...throw me a frickin' bone Hilldog. I didn't buy a house that I couldn't afford because I took about 5 secs to work the numbers in my head and saw that it is plainly stupid. The millions of idiots (minus the hundreds or perhaps thousands of people who where really unknowingly duped for real) bought their homes for one reason and one reason only: greed. Please don't give my tax money to greedy people who don't know how to do math. Oh and by the way, this little stunt of yours confirms my belief in the down right idiocy of the Democratic party.
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