Count me in. I want some of that free money, too. I’m a homeowner who has made every mortgage payment on time for more than 16 years, because I bought a house I could afford, not a house they said I could qualify for.
So now the Obama administration is rewarding people who spent 38 percent of their income on a home and reducing the loan value to 31 percent (2/19, A-1, “Obama offers a huge hand to troubled homeowners”).
My house is now worth about $200,000. Just cut me a check for the same 7 percent as other people are getting, and we’ll call it square!
Craig S. Fisch
Let me see if I understand, Mr. Obama. I faithfully paid off my mortgage over a 25-year period. I didn’t buy more house than I could afford. My wife was a stay-at-home mom with four children. We lived on one income. I never even considered her working outside our home while our children were growing up. I have been through five recessions as a homeowner.
Now that my home is finally paid for, President Obama and the Democratic Congress pass a spending bill that will require me to pay taxes to subsidize mortgages of homeowners who should have never qualified for a loan in the first place.
It’s called socialism.
I’m glad David L. Davis (2/22, Letters) can pay his bills and has an excellent credit score. Someday, if he loses his job or a spouse who supplemented his household income, maybe he’ll see what’s in the stimulus package for him.
And I wouldn’t consider him a “loser” for taking the help offered to him.