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TiltonBB · 09-29-2008, 07:13 PM

In the 90's the liberals thought that everyone should own a home and encouraged the relaxation of lending standards. They loved things like 100% financing, seller concessions and reduced initial payments. Certainly not the loans that us "older folks" were offered when we bought our first house. However, those easy loans sounded real good to the low income, poor credit crowd.

Now you have the liberals blaming the lack of regulation for the problems we face. If the liberals never pushed for the reduced qualifications and no down payment loans we wouldn't have this problem. The whole housing crisis wouldn't exist, and all of us that enjoy working for a living would continue to grow and prosper. Hey, some people just weren't meant to own a home. I, for one, am sick of my tax dollars going to support those who don't make it on their own because they aren't willing to put the effort in.

As has been said before "the safety net has become a hammock".

09-29-2008, 07:13 PM	#77
TiltonBB Senior Member Join Date: Feb 2005 Location: Gilford, NH and Florida Posts: 3,017 Thanks: 702 Thanked 2,203 Times in 937 Posts	Thank Barney Frank and Friends In the 90's the liberals thought that everyone should own a home and encouraged the relaxation of lending standards. They loved things like 100% financing, seller concessions and reduced initial payments. Certainly not the loans that us "older folks" were offered when we bought our first house. However, those easy loans sounded real good to the low income, poor credit crowd. Now you have the liberals blaming the lack of regulation for the problems we face. If the liberals never pushed for the reduced qualifications and no down payment loans we wouldn't have this problem. The whole housing crisis wouldn't exist, and all of us that enjoy working for a living would continue to grow and prosper. Hey, some people just weren't meant to own a home. I, for one, am sick of my tax dollars going to support those who don't make it on their own because they aren't willing to put the effort in. As has been said before "the safety net has become a hammock".