Now, I know that the Obama administration's $75 billion housing rescue plan promises to save millions facing foreclosure.
But what about the millions of homeowners, like myself, who have continued to pay their mortgage on time, month in and month out?
Shouldn't we get some kind of financial thank you for keeping the home loan market above water?
It seems that, by way of Obama's plan, that the government is telling people that the more you slip into mortgage default, the better the reward.
What do you think?
My husband and I bought a modest house and are living within our means. I don't expect a "reward" because I think that's what's expected of me. However, I don't like that those who were not living within their means are now receiving financial assistance, or a "reward." I don't plac all the blame on banks for this mess. Frustrating.
Let those who bought homes they couldn't afford get the boot so they can live within their means. Then, scrap the bailouts and let the markets correct themselves. It would be a cleansing process that is needed.