Breaking News

News Alert

Monday, October 20, 2014 - 11:06am
Neal Barton's POV

What a concept

POV

POSTED: Wednesday, July 27, 2011 - 7:04pm

UPDATED: Thursday, July 28, 2011 - 1:32pm

When I first read this poll a few days ago, I laughed out loud.

Then, I got a little depressed that this was even something that had to be thought about.

A new Rasmussen poll states 62% say troubled homeowners should buy cheaper houses.

Really this is genius. And you can tie this into the mentality of D.C. now.

The federal government Friday extended its deadline to apply to the Emergency Homeowners Loan Program, but most Americans believe troubled homeowners should sell their homes rather than receive government assistance to keep them.

The latest Rasmussen Reports national telephone survey of American Adults shows that 62% believe it's better for homeowners who can't afford to make increased mortgage payments to sell their homes and find less expensive ones.

I learned this in the third grade.

25 percent think it's better for the government to assist those homeowners in making their payments. 13 percent are undecided.

Those who don't own a home are more supportive of government intervention than those that do own one.

Another surprise, those with no skin in the game have more sympathy. Like all those who don't pay taxes want more from the federal government- back to the poll.

Republicans and adults not affiliated with either major political party feel strongly that homeowners who can't afford their payments should sell their homes and buy less expensive ones.

Democrats are evenly divided.

While 39 percent of the political class favors the government assisting troubled homeowners, only 7 percent of mainstream voters agree.

We can't be all things to all people. LBJ tried to be FDR, and it failed. It will always fail.

That's my point of view, what's yours?

You can email me at pov@nbc56.com.
 

Comments News Comments

The old standard (before the bubble) for an affordable house was 3 times your yearly income (that's ONE income, not two). Estimated per capita income of a Tylerite in '09 was just under $26k, the houses in Tyler average $120k, that means we're still paying about $42 thousand dollars too much.

Can't pay? Don't buy!!!

Post new Comment