Tweet
How will California WASTE $2 billion?
"The first part was the one where families earning less than $75,600 a year, that haven’t taken cash out of their home through refinancing, can be given some money so they can pay it to the banks to cover mortgage payments they can’t afford because they’re unemployed or whatever.
Good… money for banks, got it.
The third part was the one that would make an additional $129 million available for up to 8600 homeowners to bring their mortgages current, before finally falling into foreclosure and lose their homes.
Again, more money for banks… got it.
And the fourth part… what was the fourth part… oh yeah… it’s the $32 million in moving assistance for people who can’t afford to remain in their homes… you know… the money they’re planning to give to people who haven’t made a mortgage payment in over a year, but now can’t afford a U-Haul."
In a year the banks and U-haul make money and you are out on the street. Another government program for crony capitalism and to show how easy it is to waste tax dollars. Take the money, cut taxes by that amount and really save homes and jobs.
More...
"The first part was the one where families earning less than $75,600 a year, that haven’t taken cash out of their home through refinancing, can be given some money so they can pay it to the banks to cover mortgage payments they can’t afford because they’re unemployed or whatever.
Good… money for banks, got it.
The third part was the one that would make an additional $129 million available for up to 8600 homeowners to bring their mortgages current, before finally falling into foreclosure and lose their homes.
Again, more money for banks… got it.
And the fourth part… what was the fourth part… oh yeah… it’s the $32 million in moving assistance for people who can’t afford to remain in their homes… you know… the money they’re planning to give to people who haven’t made a mortgage payment in over a year, but now can’t afford a U-Haul."
In a year the banks and U-haul make money and you are out on the street. Another government program for crony capitalism and to show how easy it is to waste tax dollars. Take the money, cut taxes by that amount and really save homes and jobs.
More...