tag:blogger.com,1999:blog-4622411633995176328.post3684631521250019864..comments2023-09-29T04:22:59.719-07:00Comments on Average Buyer: Chafing at CharityBuying Timehttp://www.blogger.com/profile/04651516505789196067noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-4622411633995176328.post-43936914066558778062009-12-10T00:23:26.468-08:002009-12-10T00:23:26.468-08:00great post... I agree on both points.great post... I agree on both points.adminhttps://www.blogger.com/profile/06203572050943758744noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-69034456760020584942009-12-09T13:35:12.115-08:002009-12-09T13:35:12.115-08:00What if the wish for a gift certificate for an iPo...What if the wish for a gift certificate for an iPod was an act of altruism and the gift would be used to give to someone else?<br /><br />Having been on both ends of the economic spectrum Christmas can be both a blessing and a disappointment. <br /><br />Give what you feel is appropriate but judgement comes from a higher power. God bless for any and all that is given.Jeffreyhttps://www.blogger.com/profile/02266418264217905609noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-47280964000676469492009-12-07T15:08:09.644-08:002009-12-07T15:08:09.644-08:00I agree with all of your points and think giving s...I agree with all of your points and think giving should be an individual decision.<br /><br />I really don't like the government deciding how to give money away in various programs like the FHA loans. I'd actually be happier if there was no limit -or- no program at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-30313619397663888252009-12-07T12:15:24.754-08:002009-12-07T12:15:24.754-08:00Hey it's Christmas! Time for wishing and merri...Hey it's Christmas! Time for wishing and merriment. I figure, I'm not here to set people's lives in order. I'm just lining up to make a couple kids' wishes come true at Christmas, if feasible for me. If they want an ipod, and I can afford it and want to give it, then fine. It makes me happy. Merry Christmas!<br /><br />Having said that, the gov't shouldn't be in the same wish-fulfillment business, so I'm obviously with you on the FHA thing.Bryanhttps://www.blogger.com/profile/08596060773988867285noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-13508801147128757362009-12-07T10:42:14.325-08:002009-12-07T10:42:14.325-08:00"acceptable" to the middle class people ...<i>"acceptable" to the middle class people buying the gift</i><br /><br />That's an interesting point, why not give the kid what they want?<br /><br />In a low income area where a friend works as a teacher many of the families have an odd set of priorities - ex: giant flatscreen in the living room wired with makeshift electrical, donated food in the cupboard, cellphones for every member of the household, broken plumbing in the bathroom. I've never been sure what to make of it.patient renterhttps://www.blogger.com/profile/17790407105234257876noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-69519434916643993972009-12-06T21:41:44.104-08:002009-12-06T21:41:44.104-08:00I agree with the first, and disagree with the seco...I agree with the first, and disagree with the second, although what the FHA limit really means is that the federal government is now insuring almost all the mortgages in the country. We can only hope that they don't screw up as badly as the private sector did.<br /><br />If I were a poor kid, I sure wouldn't want to ask for a backpack. I'd want a gift card for an ipod (and I'd probably spend it on same). What I wouldn't want is for the kid to ask for something that s/he thought was "acceptable" to the middle class people buying the gift.PeonInChiefhttps://www.blogger.com/profile/17611581585285022906noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-76275758933432069462009-12-04T14:42:45.942-08:002009-12-04T14:42:45.942-08:00Yes, agreed, especially about the FHA.
If I see a...Yes, agreed, especially about the FHA.<br /><br />If I see a theme here: the problem is with the nature of middlemen (and associated bureaucracies). The FHA lends someone else's money to third parties (in pursuit of a political agenda). Likewise, so many "charity" groups want to collect YOUR money and then decide for you how to distribute it.<br />No wonder there is so much waste, and so many bad decisions -- what are the consequences when it's not their money?<br /><br />I was a visitor at a local Lodge meeting recently. They had just had a fundraiser for Make A Wish; they pocketed 50% of the event proceeds -- WTH!? How much better if the donors had just given directly.<br /><br />This year we're just walking into the local food bank with a donation. I'm not sure what kids want, but I know they have to eat.Giacomohttps://www.blogger.com/profile/13227656916787125958noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-62486063070654235872009-12-04T11:41:57.320-08:002009-12-04T11:41:57.320-08:00The FHA limits were a "temporary" extens...The FHA limits were a "temporary" extension. Congress has to re-up this every year. They appear to have recently passed the extension through 2010.<br /><br />http://www.realestateindustrynews.com/real-estate-market/legislation-passes-to-extend-gses-and-fhas-current-loan-limits-through-end-of-2010/<br /><br />-CDSold in '05- Bought in '09https://www.blogger.com/profile/15023130357035931238noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-15349387690827541122009-12-03T22:27:48.355-08:002009-12-03T22:27:48.355-08:00I agree fully with the OP and all the comments. FH...I agree fully with the OP and all the comments. FHA seems indeed to be a time bomb. Not to mention the unfair distribution of income it drives.<br />In a consumer society like ours it is difficult to resist to the allure of nice gadgets or brandname outfits at the expense of more basic needs, leading to incongruences like this.radiophilejapanhttps://www.blogger.com/profile/13793862557207694007noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-17333856021478035632009-12-03T21:32:05.399-08:002009-12-03T21:32:05.399-08:00Shopping for a teenager isn't easy. But there...Shopping for a teenager isn't easy. But there must be a middle ground somewhere....above socks and underwear, but below video games and electronics. <br /><br />Trying to find something a kid genuinely wants (the magic of X-mas type of thing), but that still fills a need is tough...a backpack certainly fits that bill.Buying Timehttps://www.blogger.com/profile/04651516505789196067noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-10162408058990567272009-12-03T20:04:08.308-08:002009-12-03T20:04:08.308-08:00I concurr on both points.
My wife participates in...I concurr on both points.<br /><br />My wife participates in Sierra Moms and we donate presents to kids in need, could be the same thng. Anyway, we have had the same request for two years in a row - backpacks. That is a very useful gift, especially for a child that may be moving around a bit. Actually, we often get siblings that need the backpacks.<br /><br />FHA is the new subprime and will come to bite us in the near future.husmanenhttps://www.blogger.com/profile/12133974934289103581noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-28463629721970606002009-12-03T18:53:17.072-08:002009-12-03T18:53:17.072-08:00Great post, BT.
US taxpayers will be bailing out ...Great post, BT.<br /><br />US taxpayers will be bailing out FHA soon.2centshttps://www.blogger.com/profile/15886849689530774625noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-78594146037128721532009-12-03T18:28:08.639-08:002009-12-03T18:28:08.639-08:00yep, I'm right there with you on both items.
...yep, I'm right there with you on both items. <br /><br />The gift card for an ipod which would just as likely be turned into just cash? I don't think so.<br /><br />And FHA? Hmmm people making over 100k need help buying houses? Kinda makes my brain explode.Deflationary Janehttps://www.blogger.com/profile/05567875697563069042noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-34403577883204523852009-12-03T17:07:27.810-08:002009-12-03T17:07:27.810-08:00I'm right with you on both items.I'm right with you on both items.mcb44https://www.blogger.com/profile/17872737283548770873noreply@blogger.comtag:blogger.com,1999:blog-4622411633995176328.post-37458798663316708472009-12-03T16:08:49.863-08:002009-12-03T16:08:49.863-08:00I'm with you on all points.
The FHA thing is...I'm with you on all points. <br /><br />The FHA thing is beyond out of control. Their <a href="http://www.fhasecure.gov/offices/hsg/hsgabout.cfm" rel="nofollow">mission</a> is to expand homeownership. The part about whether burdening a family with half a million dollars (or more) of debt for a potentially inflated asset is a good thing isn't mentioned in the mission, nor is it mentioned that the mechanism for achieving their goals (subsidies) actually harms their mission by making homeownership less achievable for others.<br /><br />If ever there was a perfect example of counterintuitive, counterproductive government, the FHA is it.patient renterhttps://www.blogger.com/profile/17790407105234257876noreply@blogger.com