With all political agendas and allegiances aside, all I've got to say to the President and his administration's attempts to help homeowners in trouble is, "Nice try, big fella!" There is certainly a movement in the right direction, but Florida mortgagors are contending with 30% differentials in their "upside-down-ness!"
I understand that the situation is a complex one with implications that reach beyond the borders of the genesis of our recession. I understand that no one thing is going to fix everything.
But the majority of the people who are struggling to make their payments and who are dramatically upside down are not really being provided with a working solution in Florida. And I'm still not down with the bad behavior being rewarded syndrome! I am not seeing legitimate support of the people who are making the concerted effort.
It is sorta like the disruptive kids in class who receive all the attention and drain the strength (or the dollars in the case of the housing market) out of the teacher. The kids who are trying and who want to succeed are left to tolerate the potential squandering of focus and efforts on the wrong segment of the classroom population. I am just not seeing the equality in the equation.
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