Ok As I wonder about what happens if I lose my job. I begin to wonder what happens to all the money the gov. is giving to big corperations. the newest is to give a possible. 180 Billion to lenders that are in the red. But what happens to all those Zeros? If this money was given to the homeowners to pay off debt. (think getting a letter that says hey it's me uncle sam your house is paid....thank you and you're welcome.) Not just giving morgage holders this untold of some of money.
A few things to consider.
The average home loan is about $130,000
And $ 180,000,000,000 would pay for roughly.
1,384,615 HOMES
And in march of 2007 it was reported that about 2.1 million home owners were behind at least one house payment.
So if the gov. were to pay off lenders debt by paying for the average persons home you would end up giving well over 1.4 million people there homes. In turn they would go out and spend there money on things they could not in the past. (more likly then not a new car) and if people had the money to buy a new car the auto market would be back on track and give way to MANY MANY jobs that are not available as of now.
So what do these large lenders do with this 180 Billion?
I would not be hard pressed to believe that the big wig white collars are going to stuff there pockets and pack there bags.
Now if they were to pay for housing they need to pay for it where it's needed like the middle and lower class. I don't want to see a guy with a 2 million dollar house getting it free. He's allright. they would need to have an income cap like the stimulus checks.
Just some food for thought. Where's the money going and how is it going to be used.
P.S. I am not sure how this will settle with some so please feel free to post your comments but do not make this political. And do NOT bicker with one another about there views or I am sure this will close fast.
P.P.S mods I am sorry if this should not have been posted but It peaks my curiosity.
A few things to consider.
The average home loan is about $130,000
And $ 180,000,000,000 would pay for roughly.
1,384,615 HOMES
And in march of 2007 it was reported that about 2.1 million home owners were behind at least one house payment.
So if the gov. were to pay off lenders debt by paying for the average persons home you would end up giving well over 1.4 million people there homes. In turn they would go out and spend there money on things they could not in the past. (more likly then not a new car) and if people had the money to buy a new car the auto market would be back on track and give way to MANY MANY jobs that are not available as of now.
So what do these large lenders do with this 180 Billion?
I would not be hard pressed to believe that the big wig white collars are going to stuff there pockets and pack there bags.
Now if they were to pay for housing they need to pay for it where it's needed like the middle and lower class. I don't want to see a guy with a 2 million dollar house getting it free. He's allright. they would need to have an income cap like the stimulus checks.
Just some food for thought. Where's the money going and how is it going to be used.
P.S. I am not sure how this will settle with some so please feel free to post your comments but do not make this political. And do NOT bicker with one another about there views or I am sure this will close fast.
P.P.S mods I am sorry if this should not have been posted but It peaks my curiosity.
