Comments on: Obama’s New Making Home Affordable .GOV Website http://www.myshortsaleangel.com/2009/05/obamas-new-making-home-affordable-gov-website/ Rescuing Overleveraged Homeowners Since The Peak of '05... Now Blogging How We Do It and Our Sacramento Life Sat, 29 Jan 2011 14:11:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://www.myshortsaleangel.com/2009/05/obamas-new-making-home-affordable-gov-website/comment-page-1/#comment-38 Anonymous Fri, 22 May 2009 17:51:00 +0000 http://myshortsaleangel.com/?p=16#comment-38 Affordibilty = LOWER PRICES <br /><br />And the only way you can do that is to continue to let home values FALL. That's right. Home calues are STILL TOO HIGH. They have not fallen enough! <br /><br />This is another example of government interferance in the marketplace. You let home prices fall. You dont artifically prop them up to allow deadbeats stay in a home they never deserved in the first place (even if they are 50 year mortgage debt slave). <br /><br />Your friend doesnt "deserve" to own a home. People dont "deserve" to own homes. However if home prices were like they were relative to salry as in the 1960's - 1970's. almost EVERYONE would be able to afford a home. <br /><br />My Grandma bought her home for $20,000 in 1974 on less than 1:1 income ratio and sold it for $750,000 in 2005 on an local average 12:1 income ratio.<br /><br />PRICES MUST FALL. Affordibilty = LOWER PRICES

And the only way you can do that is to continue to let home values FALL. That’s right. Home calues are STILL TOO HIGH. They have not fallen enough!

This is another example of government interferance in the marketplace. You let home prices fall. You dont artifically prop them up to allow deadbeats stay in a home they never deserved in the first place (even if they are 50 year mortgage debt slave).

Your friend doesnt “deserve” to own a home. People dont “deserve” to own homes. However if home prices were like they were relative to salry as in the 1960′s – 1970′s. almost EVERYONE would be able to afford a home.

My Grandma bought her home for $20,000 in 1974 on less than 1:1 income ratio and sold it for $750,000 in 2005 on an local average 12:1 income ratio.

PRICES MUST FALL.

]]> By: angel http://www.myshortsaleangel.com/2009/05/obamas-new-making-home-affordable-gov-website/comment-page-1/#comment-13 angel Thu, 07 May 2009 03:51:00 +0000 http://myshortsaleangel.com/?p=16#comment-13 I have a friend that recieved help from this program. I have a friend that recieved help from this program.

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