If It’s Not Paid For, It’s Not Yours
Can we crush a meme real quick here today? Stacy McCain caught a Forbes columnist on Fox this morning saying about the mortgage crisis, “We need to keep people in their homes”.
Those homes are not “their” homes. They belong to whomever holds the mortgage. The people who live in those homes only do so because they continue to fulfill the contract the made with the mortgage holder. Once they default on that contract, the owner of the home can claim it back.
This isn’t rocket science. It’s something I learned back in elementary school so I figure that someone who writes for Forbes Magazine should be able to figure it out. When you buy on time, what you have isn’t your until you pay for it. Those who are having mortgage problems right now haven’t paid for their homes, thus the homes are not “theirs”.
Anyone who says otherwise is playing political games with you and wants to drum up sympathy for those who got into foolish mortgages. They’re not necessarily acting in your best interest.
Other Posts of Interest:
- How to Handle the Mortgage Mess? Do the Right Thing.
- Aren’t You Nice for Paying Keith Olbermann’s Salary?
- Reuters: We Know the Future!
Category: Oh, THAT liberal media., The Economy and Your Money
But Jimmie….every American has a right to a home, dont'cha know? It's the American dream & you can't deny someone the American dream just because they can't afford it. If they can't afford it, the tax payers should buy them one. Otherwise, it is not fair that some people have houses & some don't.