Re: [WISPA] Common Carrier or what: The FCC's role inregulationof net-neutrality
Unemployment stats are also misleading. For example, Many people had high dollar jobs when they qualified for their homes, then lot them. They then tppk jobs at half the salary because that is what they could find. UNemployment stats dont show that people are Employed but working in job at half their normal salary. The people are now caught up in mortgages that are more than they can afford, because their economic position changed. Then there was no way out of the situation. What do you do when the market is down and no one will buy your home that you can NO LONGER afford, but once could? I just dont believe that the reason for home market crashing isbecause the government was bad amd the Homeowners were not worthy enough financially to be homeowners at the time they bought their homes. It is extremely short sighted to think otherwise. The problem primarilly lied with Middle Class borrowers, NOT low income borrowers. Again, the results wont adequately show that because the MiIddle Class got a bailout from the Government, and the Super Rich got a Bailout from the government, but little ol low income was left on their own to fight off the wolves. One of the Largest tragedies of the ARRA efforts is that the people that need the help the most have been ignored. Its ironic when the government programs are helping people get rock bottom rates that can already can afford to pay their mortgages and had reasonable rates, but yet people that are struggling, and potentially could continue paying their mortgage if they had the opportunity to reduced their loan shark rates down to reasonable lower interest rate, dont get the opportuity. Its a crock. The Government isn't doing enough. They are failing Homeowners, in similar ways that they are failing to assist small ISPs. They label them financially unworthy to give help to. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Jeff Broadwick jeffl...@comcast.net To: 'WISPA General List' wireless@wispa.org Sent: Friday, February 05, 2010 9:04 AM Subject: Re: [WISPA] Common Carrier or what: The FCC's role inregulationof net-neutrality That's just not accurate Tom. The Community Reinvestment Act required lenders to do a lot of this stuff and then Fannie and Freddie created the market for the paper. Regards, Jeff Jeff Broadwick ImageStream 800-813-5123 x106 (US/Can) +1 574-935-8484 x106 (Int'l) -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Friday, February 05, 2010 2:19 AM To: WISPA General List Subject: Re: [WISPA] Common Carrier or what: The FCC's role in regulationof net-neutrality Brad, People are losing their homes.many of which never should have been afforded the privilege of home ownership if it were not for big government forcing lenders to lend to unqualified buyers. You had me, until the above paragraph. That is a crock of ShXX. Most housing foreclosures are conscious business decissions by the middle class, to improve their finance and cash flow. They ask, Is it worth continuing to sink money into this bad investment losing money? I will say that there are a shortage of buyer. So when an investor cant offload their losing investment (House) to someone else, they resort to less ethical choices. What does someone do if their house jsut lost 50k in value? IF they go to foreclosure, they can pretty much live rent free for a year in their home, before they are forced out. If they put their rent check in hidden savings instead, they earn 50k that year. That combined with gettting out of a loan taht is valued at mor ethan the house, it is a net $100k earning, for doing nothing. They learn they can earn more losing their home than some people do holding on to their home as an investment to resale. And governments were not the ones forcing lenders to lend. Its the opposite Government regulation is unnecessarilly setting regulations to make buying harder for consumers, to address a problem that didn't exist. Some People loose homes because a home is a 30 year commitment, and its hard for anyone to predict how one's life will pan out every year for 30 years. All it takes is one bad year, and there goes the house. People loose houses because they loose jobs. People loose houses because most personal debt is secured by their house, and loosing the house is the easiest way to get rid of the other debt. People lose houses because they cant live within their mean in other areas of their life. Or because they set their sights to high. But the biggest reason people default, is because they develop a sense of satisfaction or entitlement in screwing their lender when they feel they were taken advantage of by their lendor. Even with Bankruptcy, there are some interesing stats, for example, almost all people
Re: [WISPA] Common Carrier or what: The FCC's role inregulationof net-neutrality
The Government isn't doing enough. They are failing Homeowners, in similar ways that they are failing to assist small ISPs. They label them financially unworthy to give help to. This statement/sentiment in a nutshell is the problem. Those that are looking to big government to hold their hand and make everything ok because they feel they can't do anything for themselves. The government is doing precisely the opposite and involving itself into issues that it has no business being in. This is why we're in the situation we're in today...after decades of growing government we are now at the breaking point. Best, Brad -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Friday, February 05, 2010 11:42 AM To: WISPA General List Subject: Re: [WISPA] Common Carrier or what: The FCC's role inregulationof net-neutrality Unemployment stats are also misleading. For example, Many people had high dollar jobs when they qualified for their homes, then lot them. They then tppk jobs at half the salary because that is what they could find. UNemployment stats dont show that people are Employed but working in job at half their normal salary. The people are now caught up in mortgages that are more than they can afford, because their economic position changed. Then there was no way out of the situation. What do you do when the market is down and no one will buy your home that you can NO LONGER afford, but once could? I just dont believe that the reason for home market crashing isbecause the government was bad amd the Homeowners were not worthy enough financially to be homeowners at the time they bought their homes. It is extremely short sighted to think otherwise. The problem primarilly lied with Middle Class borrowers, NOT low income borrowers. Again, the results wont adequately show that because the MiIddle Class got a bailout from the Government, and the Super Rich got a Bailout from the government, but little ol low income was left on their own to fight off the wolves. One of the Largest tragedies of the ARRA efforts is that the people that need the help the most have been ignored. Its ironic when the government programs are helping people get rock bottom rates that can already can afford to pay their mortgages and had reasonable rates, but yet people that are struggling, and potentially could continue paying their mortgage if they had the opportunity to reduced their loan shark rates down to reasonable lower interest rate, dont get the opportuity. Its a crock. The Government isn't doing enough. They are failing Homeowners, in similar ways that they are failing to assist small ISPs. They label them financially unworthy to give help to. Tom DeReggi RapidDSL Wireless, Inc IntAirNet- Fixed Wireless Broadband - Original Message - From: Jeff Broadwick jeffl...@comcast.net To: 'WISPA General List' wireless@wispa.org Sent: Friday, February 05, 2010 9:04 AM Subject: Re: [WISPA] Common Carrier or what: The FCC's role inregulationof net-neutrality That's just not accurate Tom. The Community Reinvestment Act required lenders to do a lot of this stuff and then Fannie and Freddie created the market for the paper. Regards, Jeff Jeff Broadwick ImageStream 800-813-5123 x106 (US/Can) +1 574-935-8484 x106 (Int'l) -Original Message- From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On Behalf Of Tom DeReggi Sent: Friday, February 05, 2010 2:19 AM To: WISPA General List Subject: Re: [WISPA] Common Carrier or what: The FCC's role in regulationof net-neutrality Brad, People are losing their homes.many of which never should have been afforded the privilege of home ownership if it were not for big government forcing lenders to lend to unqualified buyers. You had me, until the above paragraph. That is a crock of ShXX. Most housing foreclosures are conscious business decissions by the middle class, to improve their finance and cash flow. They ask, Is it worth continuing to sink money into this bad investment losing money? I will say that there are a shortage of buyer. So when an investor cant offload their losing investment (House) to someone else, they resort to less ethical choices. What does someone do if their house jsut lost 50k in value? IF they go to foreclosure, they can pretty much live rent free for a year in their home, before they are forced out. If they put their rent check in hidden savings instead, they earn 50k that year. That combined with gettting out of a loan taht is valued at mor ethan the house, it is a net $100k earning, for doing nothing. They learn they can earn more losing their home than some people do holding on to their home as an investment to resale. And governments were not the ones forcing lenders to lend. Its the opposite Government regulation is unnecessarilly setting regulations
