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Never having had a job in business, Biden teaches ethics.
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Jun 3, 2022 11:48:39   #
thom w Loc: San Jose, CA
 
btbg wrote:
Mortgages are not entirely approved based on ability to pay. That used to be the case, and people used to have to put at least 10 percent down, but that is no longer the case.

Look at the number of foreclosures happening in the U.S. No way all of those people had the ability to pay.

Anyone who takes any loan without being aware of the conditions of the loan it is their problem. There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.
Mortgages are not entirely approved based on abili... (show quote)


They could do like you and claim a Chinese conspiracy cheated them out of their one chance to make it.

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Jun 3, 2022 11:50:19   #
thom w Loc: San Jose, CA
 
BlackRipleyDog wrote:
Yep. I remember paying $2.89 for ethanol-free gas when President TRUMP was in office. Today I paid $5.89 for my boat and small engines. Biden did that in less than 18 months. Just imagine where it will be in another 30 months.


Perhaps you would be so kind as to explain just how Biden did this.

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Jun 3, 2022 11:50:29   #
BlackRipleyDog
 
btbg wrote:
Mortgages are not entirely approved based on ability to pay. That used to be the case, and people used to have to put at least 10 percent down, but that is no longer the case.

Look at the number of foreclosures happening in the U.S. No way all of those people had the ability to pay.

Anyone who takes any loan without being aware of the conditions of the loan it is their problem. There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.
Mortgages are not entirely approved based on abili... (show quote)


Yep, good old NINJA Loan (No Income, No Job, and No Assets Loan)

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Jun 3, 2022 12:04:58   #
Triple G
 
btbg wrote:
Mortgages are not entirely approved based on ability to pay. That used to be the case, and people used to have to put at least 10 percent down, but that is no longer the case.

Look at the number of foreclosures happening in the U.S. No way all of those people had the ability to pay.

Anyone who takes any loan without being aware of the conditions of the loan it is their problem. There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.
Mortgages are not entirely approved based on abili... (show quote)


The loans were at onetime a lot looser than they are now. They were also a lot stricter than they are now. We had to have a 1/3 down and paid over 12% when purchasing our last house. Being this old allows some perspective on the fluctuations in the environment t and not to be blamed on either left or right except when it suits the purpose to “own” the other side in an argument.

Mortgages are very different than school loans.


If you look at the groupings of people who are in line for student loan forgiveness, they include people who have been deemed disabled and on SS (those loans aren’t ever going to be paid back by the recipient, so take them off the books as an uncollectible debt), students from institutions that closed down before degrees could be earned from there and credits weren’t transferable, and government workers (if the government needs extra incentives to attract workers, those costs should be their budget; not in the loan program). Forgiving these should be all cost neutral to taxpayers.

https://www.cnbc.com/2022/05/06/this-is-how-student-loan-debt-became-a-1point7-trillion-crisis.html

https://www.kiplinger.com/personal-finance/credit-debt/604397/waiting-for-student-loan-forgiveness

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Jun 3, 2022 12:32:56   #
FrumCA
 
thom w wrote:
Perhaps you would be so kind as to explain just how Biden did this.

Policies thommie. Policies.

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Jun 3, 2022 12:43:38   #
dlwhawaii Loc: Sunny Wailuku, Hawaii
 
travelwp wrote:
Never having had a job in business, Biden teaches ethics.

Older folks were taught that if you want to get a bank loan, you should have the resources and the personal responsibility to pay back the loan.

Joe Biden wants to teach the young folks that if you get a loan, you don’t need the resources nor the personal responsibility to pay it back, because the government will forgive your loan.

Because Biden is a Democrat, he my postpone student debt forgiveness until after the mid term elections. Stay tuned.
Never having had a job in business, Biden teaches ... (show quote)


How in the world did you ever accrue student debt? Your English leaves a bit to be desired.

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Jun 3, 2022 12:45:02   #
dlwhawaii Loc: Sunny Wailuku, Hawaii
 
jcboy3 wrote:
The problem with student loans? First, students clearly don't have resources to repay the loan. The loan is given to help them get those resources. So it's less a loan than an investment (as most business loans are as well). Second, student loan relief through bankruptcy is an expensive process and is rarely successful. And third, these loans are targeted at young people along with promises that they will be able to repay them with jobs that likely are not available.

Given the state of the student loan situation, it appears to be both predatory and self-perpetuating. It is ruining many lives, and should be stopped. A more rational repayment scheme needs to be instituted, which caps repayment durations and amounts.
The problem with student loans? First, students c... (show quote)



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Jun 3, 2022 12:46:32   #
dlwhawaii Loc: Sunny Wailuku, Hawaii
 
mjmoore17 wrote:
Drump taught them at Trump University.


One of the "schools" destined for tuition forgiveness.

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Jun 3, 2022 12:49:20   #
dlwhawaii Loc: Sunny Wailuku, Hawaii
 
travelwp wrote:
Remember when he touched gasoline, it was around $2.00 a gallon.


Prior to Ukraine war, shipping shortages, and price gouging. Of course the pubicans had nothing to do with this.

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Jun 3, 2022 12:56:21   #
thom w Loc: San Jose, CA
 
FrumCA wrote:
Policies thommie. Policies.


If you are serious you need a bit more specificity, of course it would be the first time you ever were serious.

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Jun 3, 2022 12:58:50   #
One Rude Dawg Loc: Athol, ID
 
travelwp wrote:
Never having had a job in business, Biden teaches ethics.

Older folks were taught that if you want to get a bank loan, you should have the resources and the personal responsibility to pay back the loan.

Joe Biden wants to teach the young folks that if you get a loan, you don’t need the resources nor the personal responsibility to pay it back, because the government will forgive your loan.

Because Biden is a Democrat, he my postpone student debt forgiveness until after the mid term elections. Stay tuned.
Never having had a job in business, Biden teaches ... (show quote)


Biden is beyond his expiration date on teaching anyone anything regardless of party. They decommission and scrap old ships after 50 years. He never was a real hot politician in his prime. Old politicians " ain't " like wine.

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Jun 3, 2022 13:08:31   #
dennis2146 Loc: Eastern Idaho
 
btbg wrote:
Mortgages are not entirely approved based on ability to pay. That used to be the case, and people used to have to put at least 10 percent down, but that is no longer the case.

Look at the number of foreclosures happening in the U.S. No way all of those people had the ability to pay.

Anyone who takes any loan without being aware of the conditions of the loan it is their problem. There is no reason that people who have taken care of their money and been responsible financially should have to pay for bailing out the unresponsible. That is just plain wrong.
Mortgages are not entirely approved based on abili... (show quote)


Wasn’t it Billy Bob Clinton who wanted everyone to own their own home so screwed with the financing to make it so buyers did not have to put much money down? Of course the payments were sky high and foreclosures began. Am I remembering correctly?

Giving people something they have not earned does not work.

Dennis

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Jun 3, 2022 13:13:38   #
dennis2146 Loc: Eastern Idaho
 
thom w wrote:
Perhaps you would be so kind as to explain just how Biden did this.


He is President, little princess. The BUCK stops with him just as Trump was blamed for EVERYTHING on his watch. Hypocrite much???

Perhaps you can explain how everything was just fine with Trump and a month later the shit hit the fan? The variable is BIDEN.
TRUMP-GOOD. BIDEN-BAD

Dennis

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Jun 3, 2022 13:25:43   #
dlwhawaii Loc: Sunny Wailuku, Hawaii
 
dennis2146 wrote:
He is President, little princess. The BUCK stops with him just as Trump was blamed for EVERYTHING on his watch. Hypocrite much???

Perhaps you can explain how everything was just fine with Trump and a month later the shit hit the fan? The variable is BIDEN.
TRUMP-GOOD. BIDEN-BAD

Dennis


Keep drinking the Koolaid. The buck NEVER stopped with Trump. He NEVER accepted responsibility for ANYTHING.

Reply
Jun 3, 2022 13:26:10   #
FrumCA
 
thom w wrote:
If you are serious you need a bit more specificity, of course it would be the first time you ever were serious.

The specificity you seek but have evidently ignored or not understood is well documented. Taking some time to do a little research into the impact his green energy policies have on energy production would be a good place to start.

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