Comments on: Angry Masses Protest Foreclosure Bailouts

By: Denise

Denise — Sat, 21 Feb 2009 23:37:55 +0000

What would happen if every homeowner in this country didn’t make next months mortgage payment? From what I have personally seen, the people getting foreclosure help have not bothered cutting back etc. Several of them haven’t been making a mortgage payment for months and are now eating out, vacationing etc. with the money they are saving by not making any payments. Where is the justice????

By: Moral Hazard Redux: Why Bail Out the Banks? | Redfin San Francisco Sweet Digs

Wed, 24 Sep 2008 18:33:12 +0000

[...] in May, Redfin readers said loud and clear that they opposed Congress’ bailing out homeowners struggling to pay their [...]

By: Janis Mara

Janis Mara — Wed, 24 Sep 2008 11:37:22 +0000

Big thanks to you, beva and rumsey, for your comments. I have composed a new post to go up tomorrow, Wednesday, asking Redfin readers if they think the bank bailout is a good idea.

I supported the homeowner bailout (at least at first) because I felt sorry for families losing their homes. I do not feel sorry for financial institutions and their highly paid CEOs.

I will go over to Angry Renter right now, rumsey.

By: rumsey

rumsey — Tue, 23 Sep 2008 23:28:35 +0000

http://www.angryrenter.com has a petition against the bailout / free ride

By: beva

beva — Sat, 20 Sep 2008 06:31:42 +0000

Wait a minute! Why should taxpayers bail out banks?

Do you really believe banks will fail and the government needs to bail them out over this weekend? (9/21/08)

Not so fast, Mr. Robber Baron!!!

Remember the Boston Tea Party? No taxation without representation!

I want our tax money to be spent on the green revolution which is what will REALLY help our country.

By: beva

beva — Sat, 20 Sep 2008 06:25:33 +0000

Wait a minute! Why should taxpayers bail out banks? Why can’t they suffer their own losses? Do you really believe banks will fail and the government needs to bail them out over this weekend? (9/21/08)

Not so fast, Mr. Robber Baron!!!

Remember the Boston Tea Party? No taxation without representation!

I want our tax money to be spent on the green revolution which is what will REALLY save our country – not a bank bailout!!

By: Redfin Readers Call it Perfectly - More Price Drops to Come | Redfin San Francisco Sweet Digs

Thu, 21 Aug 2008 18:30:58 +0000

[...] dg, menloparkdenizen and other frequent commenters can pat yourselves on the back, as once again your May predictions are coming true: As home prices fall to affordable levels, sales are increasing, just like you said [...]

By: Ganesh

Ganesh — Mon, 19 May 2008 07:43:46 +0000

Let the free market rule. Don’t worry – these houses will not be boarded up for long. Once prices drop to a level where it is in line with rental prices, trust me, investors and REAL buyers will be buying up those homes.

By: Janis Mara

Janis Mara — Wed, 14 May 2008 18:42:56 +0000

I agree with you about living on a street with boarded-up houses, tallison. Actually, I am lucky enough not to have any on my street, knock wood, but a frequent poster on my neighborhood e-mail list lives on such a street, and it’s ugly, you are right!

Here’s hoping that responsible, solvent renters will be able to get houses and loans they can afford at good interest rates for, as you say, fixed rates, so that someone benefits from this tragedy.

By: tallison

tallison — Wed, 14 May 2008 17:55:49 +0000

There is a sundance movie channel that you-all might be interested in seeing (Janis and Menlo park) called “escape from suburbia”. I know the government has been bailing out the banks, they have been doin it for years and they won’t ever stop. My point is at least we have this as an option. I have traveled to third world countries where there is no government bail out and it is not a nice sight. No, its not good for tax payers right now, but in the long run it may be. For instance how many of those angry renters would like living next to a vacant house, boarded up,who knows what going on inside! Yes it is a Police problem, I guess, but I think SF’s finest have better things to do with their time?? I am by no means the expert, many of my homeowner friends are mad about the gov. bail out. All you renters out there and would be first time homeowners, don’t get mad, get even! USE THE 7500
tax credit the gov. is allowing and buy a home with a FIXED rate. You may have to move out of SF
which would be a hard thing to do. Location, location, location always wins in the end. Sf is high price becuase most people love it. Supply and Demand.