http://mindyourowndamnbusinesspolitics.com/wordpress/2010/03/09/housing-crisis-cause-%e2%80%9cyou-cant-take-it-with-you-so-enjoy-it-while-you-can-%e2%80%9d/?utm_source=rss&utm_medium=rss&utm_campaign=housing-crisis-cause-%25e2%2580%259cyou-cant-take-it-with-you-so-enjoy-it-while-you-can-%25e2%2580%259d Wed, 16 Mar 2011 17:23:38 +0000 hourly 1 http://wordpress.org/?v= http://mindyourowndamnbusinesspolitics.com/wordpress/2010/03/09/housing-crisis-cause-%e2%80%9cyou-cant-take-it-with-you-so-enjoy-it-while-you-can-%e2%80%9d/comment-page-1/#comment-4444 You Can T Take It With You Videos | Tech News Mon, 22 Mar 2010 09:29:34 +0000 http://mindyourowndamnbusinesspolitics.com/wordpress/?p=2434#comment-4444 [...] Housing crisis cause; “You can't take it with you, so enjoy it …When you consider that so many of the American voters are of this mindset, it’s no wonder that the bursting bubble we’re in has such a tremendous effect throughout the economy. Read more [...] [...] Housing crisis cause; “You can't take it with you, so enjoy it …When you consider that so many of the American voters are of this mindset, it’s no wonder that the bursting bubble we’re in has such a tremendous effect throughout the economy. Read more [...]

]]> http://mindyourowndamnbusinesspolitics.com/wordpress/2010/03/09/housing-crisis-cause-%e2%80%9cyou-cant-take-it-with-you-so-enjoy-it-while-you-can-%e2%80%9d/comment-page-1/#comment-4407 Lynn Tue, 09 Mar 2010 20:03:24 +0000 http://mindyourowndamnbusinesspolitics.com/wordpress/?p=2434#comment-4407 Let's not neglect to mention that the financial institutions, who are supposed to evaluate people's ability to pay, let us down. They're the ones we spent the most bailing out. As unfair as it seems to let people off the hook in their obligations, letting people renegotiate is important, since they live next door to many of us, who are able to pay, and the value of our property needs to be maintained. (Ever try to sell your house after the one next door has been sold for 30% of its appraised value?) If the institutions who loaned the money were left holding the bag, it should create incentive for them to be more careful in evaluating risk. Let’s not neglect to mention that the financial institutions, who are supposed to evaluate people’s ability to pay, let us down. They’re the ones we spent the most bailing out. As unfair as it seems to let people off the hook in their obligations, letting people renegotiate is important, since they live next door to many of us, who are able to pay, and the value of our property needs to be maintained. (Ever try to sell your house after the one next door has been sold for 30% of its appraised value?) If the institutions who loaned the money were left holding the bag, it should create incentive for them to be more careful in evaluating risk.

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