American Taxpayers: Not Willing to Fund Housing Bailout
Amidst the chaos to find the solution for the enduring housing crisis, many Americans are not agreeing to the proposal of the Congress to bailout these reckless borrowers and lenders. At Angryrenter.com, a petition is being signed by visitors who believe that taxpayers’ money should not be used to pay for the bailout program.
Launched just last week, the petition is actually gathering about 50 signatures every hour and receiving an average of 15,000 visitors daily. For Angryrenter.com, it is just not right that the government use the money to reward such irresponsible behavior. In other words, it demands that the free market sort itself out.
Among the petitioners are renters who are not at all pleased about having to pay for this bailout program when they themselves have resisted the urge to jump on the subprime loan bandwagon. Some homeowners who have worked very hard to keep their homes are also expressing their outrage at the bailout program.
It also did not help that the Senate version of the housing bailout program included a provision that gives builders huge tax breaks. Many Americans believe that there is a possibility that large builders will be saving millions of dollars why they will have to live with the fact that their taxes is going to undeserved individuals and companies.
For renters, it is indeed an unfortunate situation. If you are among these people who would love to won their own property, you could always consider foreclosure homes as an alternative to newly-constructed houses.
You will be able to save much and enjoy instant equity at the same time. At times like this, it will help if you grab opportunities. You might berate yourself for hesitating when market conditions are just perfect for buying these foreclosed properties.
If you want to see some of these amazing foreclosures for sale, simply visit Mostly Foreclosures they have daily updated Foreclosure Listings.
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