Personal Finance >
Mortgages & Home Loans
Get a Widget for this title
RSS Feed
Is it fair to force people who have faithfully paid their mortgages to bail out those who haven't?
Is it fair to force people who have faithfully paid their mortgages to bail out those who haven't?
Title endorsed in part by:
Results so far:
| Yes | 19% | 45 votes | Total: 240 votes | |
| No | 81% | 195 votes |
Yes
Write now
Print
Invite a writer™
Add to FavoritesNormally, I would say "no". But in the light of this economy, I'd have to say "yes". I use myself as an example because it proves that this could happen to anybody. The economy has been steadily going into the toilet, and there doesn't seem to be anything that anyone could do. Up until about nine months ago, I paid my mortgage and other bills on time, if not before they were do. Unfortunately, the economy has hit me to the point of losing my job and not being able to find another.
I used to think that if you worked hard, you got rewarded by being able to live a comfortable and peaceful life. Then I lost my job and my normally comfortable life was turned upside down. I sat down one night and looked at my finances, and came up with a plan to cut back on certain things to be able to survive until I found employment. That worked for a very short period of time. Then despair set in. Not a good feeling. I went from being able to provide for my family, to being depressed because I couldn't.
Through not fault of my own, I found out that my quiet and comfortable life was to be no more. Having paid my house for the last fifteen years, I found that I might very well lose what I worked so hard to keep. I needed help and didn't know where to turn to. After going through my entire life savings, I decided to sell my house, rather than letting it be foreclosed on. To my dismay, it didn't sell.
I found myself at a dead end, with no hopes of recovering any time soon. I looked at every possible avenue to fix the situation myself and didn't find anything.
I realized that even though I didn't feel comfortable, i would have to rely on others to help me through my dilemma. Once this sunk in, I was able to move on. I did however, do so with the intention of paying it forward when I was able to do so.
Things have gotten much better since my situation and true to my word, I have paid it forward to those who are still in the situation that I was in.
I believe that whenever possible, others should give just a bit more to help their fellow man. After all, we're all in the same boat and what better way to keep it from sinking, than to be part of a team that will watch out for one another.
This way, when YOU need help, you won't feel as though you have nowhere else to go.
Learn more about this author, Maria Rogers.
Click here to send this author comments or questions.
No
The key word is "fair". Of course it's not fair that I have to help someone who made unwise decisions and now has to be bailed out. It may not be fair, but I would rather see these people get help than see them lose their homes.
The world is not fair. How many times did you tell your kids this as they were growing up? It's not fair that in life we make so many bad choices and then have to suffer the consequences. It's a wonderful thing when you're forgiven your bad choices and helped out of a tough spot; whether it be financial or emotional.
Drive down the streets of your town and count the number of churches on just one of these streets. I'm always telling my husband that I don't understand how there can be so many churches which would indicate the town is filled with Christians yet the world has so much evil happening. In my Christian upbringing I thought we were a people of charity of heart.
I am diligently paying my bills and struggling each month to make sure that nothing is late or goes unpaid. It is my belief that to not pay a bill would be like stealing from someone. Being on retirement puts me on a very tight budget. Mentioning this is only to relate to you that my decision of seeing help offered to others that need help is not due to an excess of funds but because whether it's fair or not fair I feel it is the right thing to do. I do not want to see my neighbors lose their home. Everyone deserves a second chance.
There have to be limits placed on these bail outs but that is another whole subject matter. I would like to see the Government helping some of us "average middle class citizens" out of tight spots instead of only giving aid to the large companies. If the Government is going to bail out the "Big Million Dollar Companies", why not help the little guys? It doesn't seem fair to me that so many people in this country are losing jobs and homes but not getting any kind of bail out like that which was offered the large corporations. When did we the people begin to be worth less than the large corporations?
It's easy during these tough times to point fingers and look the other way. No one, rich or poor, is spending the way they did in years past, but are having to tighten their budget. I understand your frustrations but I say let's not forget that it could be us facing a foreclosure because of today's current economy. If it were you, would you deny yourself the help offered to save your home? Fairness isn't the issue of bail outs for home owners, but is the issue of need for those who bailouts help, and it being the right thing to do.
Learn more about this author, Deborah Coshun.
Click here to send this author comments or questions.
Difference of opinion? Debate now.
