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	<title>Comments on: They Call It &quot;Private&quot; Property for a Reason</title>
	<atom:link href="http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/feed/" rel="self" type="application/rss+xml" />
	<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/</link>
	<description>FOXBusiness</description>
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		<title>By: Not Your Typical Water Hazard &#124; LandReport.com</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-2/#comment-1510</link>
		<dc:creator>Not Your Typical Water Hazard &#124; LandReport.com</dc:creator>
		<pubDate>Thu, 09 Oct 2008 21:44:08 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1510</guid>
		<description>[...] across another angle on this dire example of home economics courtesy of Brian Sullivan&#8217;s blog. The Fox Business anchor, whose show I visited in October, tied the homeowners&#8217; plight to [...]</description>
		<content:encoded><![CDATA[<p>[...] across another angle on this dire example of home economics courtesy of Brian Sullivan&#8217;s blog. The Fox Business anchor, whose show I visited in October, tied the homeowners&#8217; plight to [...]</p>
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		<title>By: anti-socialist</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-2/#comment-1496</link>
		<dc:creator>anti-socialist</dc:creator>
		<pubDate>Thu, 09 Oct 2008 14:11:03 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1496</guid>
		<description>One of the best posts and accompanying comments that I have read for a long time. I dont think the designated hired gun obamanation bloggers have found this thread yet to do their usual trashing and socialistic comments. I am sure they will show up soon.</description>
		<content:encoded><![CDATA[<p>One of the best posts and accompanying comments that I have read for a long time. I dont think the designated hired gun obamanation bloggers have found this thread yet to do their usual trashing and socialistic comments. I am sure they will show up soon.</p>
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		<title>By: bruce</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-2/#comment-1491</link>
		<dc:creator>bruce</dc:creator>
		<pubDate>Thu, 09 Oct 2008 10:34:42 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1491</guid>
		<description>I have just a couple of questions:

1).  Will the government actually foreclose on the mortgage of a registered voter?

2).  If not, why should any  deadbeat er, distressed homeowner even bother paying the government rent?

3).  what effect will this have on his neighbor who is up to date on his/her mortgage and therefore, doesn&#039;t merit the governments largesse?  Oh, I forgot the neighbor is supposed to feel relieved that at least the neighborhood isn&#039;t goin to hell in a handbasket.

4).  But wait,  what if the distressed homeowner stops maintaining the home with the new cut rate 40 year fixed rate loan he/she isn&#039;t paying anyway.  won&#039;t the neighborhood go to hell any way?  Won&#039;t the American countryside be littered with millions of individual Cabrini Green housing complexes?

5).  Finally has anyone considered how this will effect future homebuyers?  Will there be any?  Or better yet, why would there be any? Why should future homebuyers pay a higher mortgage in an inflationary environment when their &#039;distressed&#039; neighbors aren&#039;t paying anything on their cut rate government loans?</description>
		<content:encoded><![CDATA[<p>I have just a couple of questions:</p>
<p>1).  Will the government actually foreclose on the mortgage of a registered voter?</p>
<p>2).  If not, why should any  deadbeat er, distressed homeowner even bother paying the government rent?</p>
<p>3).  what effect will this have on his neighbor who is up to date on his/her mortgage and therefore, doesn&#8217;t merit the governments largesse?  Oh, I forgot the neighbor is supposed to feel relieved that at least the neighborhood isn&#8217;t goin to hell in a handbasket.</p>
<p>4).  But wait,  what if the distressed homeowner stops maintaining the home with the new cut rate 40 year fixed rate loan he/she isn&#8217;t paying anyway.  won&#8217;t the neighborhood go to hell any way?  Won&#8217;t the American countryside be littered with millions of individual Cabrini Green housing complexes?</p>
<p>5).  Finally has anyone considered how this will effect future homebuyers?  Will there be any?  Or better yet, why would there be any? Why should future homebuyers pay a higher mortgage in an inflationary environment when their &#8216;distressed&#8217; neighbors aren&#8217;t paying anything on their cut rate government loans?</p>
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		<title>By: michaelvon hall</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1486</link>
		<dc:creator>michaelvon hall</dc:creator>
		<pubDate>Thu, 09 Oct 2008 04:14:50 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1486</guid>
		<description>YOU HAVE HIT THE NAIL ON THE BEAK, ED.....TNWO IS ABOUT TO CONVERGE ON US...WAIT TILL THE GOV&#039;T IS REALLY IN OUR FACES AND BANK ACCTS...U HAVEN&#039;T SEEN ANYTHING YET....STOCK PILE YOUR AMMO AND SHOOT STRAIGHT....</description>
		<content:encoded><![CDATA[<p>YOU HAVE HIT THE NAIL ON THE BEAK, ED&#8230;..TNWO IS ABOUT TO CONVERGE ON US&#8230;WAIT TILL THE GOV&#8217;T IS REALLY IN OUR FACES AND BANK ACCTS&#8230;U HAVEN&#8217;T SEEN ANYTHING YET&#8230;.STOCK PILE YOUR AMMO AND SHOOT STRAIGHT&#8230;.</p>
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		<title>By: dlr</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1483</link>
		<dc:creator>dlr</dc:creator>
		<pubDate>Wed, 08 Oct 2008 23:46:40 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1483</guid>
		<description>I went to the track the other day and lost a bundle betting on the ponies.  Where is the form I fill out to get my part of the Bailout? 

Also, my head feels terrible from all the booze.  Can I charge off the aspirin as part of the Bailout too?  Under &#039;expenses&#039;? or do I have to wait until the government starts paying for all our medical costs?  

What is the big hold up on that?</description>
		<content:encoded><![CDATA[<p>I went to the track the other day and lost a bundle betting on the ponies.  Where is the form I fill out to get my part of the Bailout? </p>
<p>Also, my head feels terrible from all the booze.  Can I charge off the aspirin as part of the Bailout too?  Under &#8216;expenses&#8217;? or do I have to wait until the government starts paying for all our medical costs?  </p>
<p>What is the big hold up on that?</p>
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		<title>By: McCain plan would buy bad homeowner mortgages - ThePhins.com</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1481</link>
		<dc:creator>McCain plan would buy bad homeowner mortgages - ThePhins.com</dc:creator>
		<pubDate>Wed, 08 Oct 2008 18:50:49 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1481</guid>
		<description>[...] very blurred.   Here&#039;s an article slamming this idea (by a Fox Business News commentator no less).They Call It &#8220;Private&#8221; Property for a Reason at The Brian Sullivan Blog   [...]</description>
		<content:encoded><![CDATA[<p>[...] very blurred.   Here&#8217;s an article slamming this idea (by a Fox Business News commentator no less).They Call It &#8220;Private&#8221; Property for a Reason at The Brian Sullivan Blog   [...]</p>
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		<title>By: bill</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1480</link>
		<dc:creator>bill</dc:creator>
		<pubDate>Wed, 08 Oct 2008 16:28:42 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1480</guid>
		<description>If they can say you paid to much and take away the money from the sellers and motgage holder, why of course they can say you did not pay enough so you will have to pay more..............AND GUESS WHO WILL GET THE ADDITIONAL MONEY.  Who owns the mortgages.......THE GOVERNMENT!</description>
		<content:encoded><![CDATA[<p>If they can say you paid to much and take away the money from the sellers and motgage holder, why of course they can say you did not pay enough so you will have to pay more&#8230;&#8230;&#8230;&#8230;..AND GUESS WHO WILL GET THE ADDITIONAL MONEY.  Who owns the mortgages&#8230;&#8230;.THE GOVERNMENT!</p>
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		<title>By: bill</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1479</link>
		<dc:creator>bill</dc:creator>
		<pubDate>Wed, 08 Oct 2008 16:25:12 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1479</guid>
		<description>If we allow people to come in and re-write mortgages down, how long do you think it will be before some-one decides that means you can also increase the amount you for which you contracted.
Not possible? You want to bet!</description>
		<content:encoded><![CDATA[<p>If we allow people to come in and re-write mortgages down, how long do you think it will be before some-one decides that means you can also increase the amount you for which you contracted.<br />
Not possible? You want to bet!</p>
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		<title>By: Arnold</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1478</link>
		<dc:creator>Arnold</dc:creator>
		<pubDate>Wed, 08 Oct 2008 16:13:40 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1478</guid>
		<description>Look folks... this is a bad situation that started in 1999 with the Clinton administration. However we got here, we are here. There are lots of problems now, but the single problem fueling all others are the bad mortgages that are defaulting. We have to eliminnate them... not move these bad assets from one company to another... eliminate them. Refinance the mortgage loans. Defaults will continue to increase and peak in 4th quarter 2009... and stay near the peak for one year... declining in 2011. The option arm mortgages are taking over what sub-prime started... option arms recalculate minimum payment amounts every five years... loans originated in 2004-2006 will recalculate minimum payments in 2009-2011, payments will double (minimum)and triple... all of these loans are under water NOW as when initiated the average loan-to-value was 90%. People will walk away fast... also, option arms are far larger in loan amounts than sub-prime. WaMu and Wachovia say 15% of their mortgage portfolio is bad (will default)... the two companies mortgage portfolios are full of option arms... the number of these loans that will default is closer to 85%. The mess we are in doesn&#039;t go away until the bad loans are gone, not moved, gone! McCain has his finger on the real problem!</description>
		<content:encoded><![CDATA[<p>Look folks&#8230; this is a bad situation that started in 1999 with the Clinton administration. However we got here, we are here. There are lots of problems now, but the single problem fueling all others are the bad mortgages that are defaulting. We have to eliminnate them&#8230; not move these bad assets from one company to another&#8230; eliminate them. Refinance the mortgage loans. Defaults will continue to increase and peak in 4th quarter 2009&#8230; and stay near the peak for one year&#8230; declining in 2011. The option arm mortgages are taking over what sub-prime started&#8230; option arms recalculate minimum payment amounts every five years&#8230; loans originated in 2004-2006 will recalculate minimum payments in 2009-2011, payments will double (minimum)and triple&#8230; all of these loans are under water NOW as when initiated the average loan-to-value was 90%. People will walk away fast&#8230; also, option arms are far larger in loan amounts than sub-prime. WaMu and Wachovia say 15% of their mortgage portfolio is bad (will default)&#8230; the two companies mortgage portfolios are full of option arms&#8230; the number of these loans that will default is closer to 85%. The mess we are in doesn&#8217;t go away until the bad loans are gone, not moved, gone! McCain has his finger on the real problem!</p>
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		<title>By: Ed</title>
		<link>http://briansullivan.blogs.foxbusiness.com/2008/10/08/the-government-should-not-be-in-the-business-of-owning-homes/comment-page-1/#comment-1477</link>
		<dc:creator>Ed</dc:creator>
		<pubDate>Wed, 08 Oct 2008 15:54:07 +0000</pubDate>
		<guid isPermaLink="false">http://briansullivan.blogs.foxbusiness.com/?p=185#comment-1477</guid>
		<description>Is this the... &quot;New World Order&quot;?</description>
		<content:encoded><![CDATA[<p>Is this the&#8230; &#8220;New World Order&#8221;?</p>
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