Isles to rake in $13.5M on housing bill

Why is only Honolulu to benefit? What about those of us on the other islands? We have houses here too...

Hilo Girl wrote:

Why is only Honolulu to benefit? What about those of us on the other islands? We have houses here too...

Because, Honolulu is the benchmark for real estate. The real reason Hawaii is supporting the bail out is there is no predatory lending law here. Mortgage brokers were making a killing on re-selling mortgages whether you qualified or not it didn’t matter. Every scam artist in Hawaii holds either a mortgage solicitors and/or real estate license. Mazzie, shame on you! Neil you’re excused cause your old and dumb.

Hilo Girl wrote:

Why is only Honolulu to benefit? What about those of us on the other islands? We have houses here too...

HiloGirl, they're not buying houses. They are buying VOTES. Remember Frank Fasi's ill-fated bid to be governor when he said "100,000 people (Big Islanders) don't speak for the people of this state" when he was proposing rockets in Kau? Same applies here on the Federal level.

$95,744.68 per home. Who gets this money????? If the banks foreclosed, they took the risk on the mortgage, defaulted and got the house back to sell at market value plus another $95,744.68? Gotta be wearing a Bishop Street Reyn's shirt to suffer THAT MUCH!

"Bishop Street Reyn's shirt" never heard that one before but ya gotta love it! LMAO

Can't anyone take responsibility for their own actions anymore. Yes real estate is very expensive!! Too expensive. But people need to be responsible and realize they can't afford it. Duh

Yeah, I wanna go buy a house I can't afford and have the gov't bail me out. Stoopid.

Kate, so sad that the current generation feels ENTITLED to what they have not worked/saved for.... and when they get into financial problems, they EXPECT the gov't to bail them out. The work ethic , integrity, honorability seem to no longer exist in today's world.

Kate wrote:

Can't anyone take responsibility for their own actions anymore. Yes real estate is very expensive!! Too expensive. But people need to be responsible and realize they can't afford it. Duh

But I am entitled to a home and damnit the gov't owes me anything I need!!!!!

Aloha Airlines, Superferry, Molokai Ranch, Turtle Bay, North Kona Hospital, IndyMac, Fannie Mac, Freddie Mac, Ilikai, resort hotel/condos, bed&breakfasts...and last but not least... the Oahu Rail Line.

Why is money going to buy and rehabilitate foreclosed homes for rent or resale? Will our tax dollars be spent to bail out the banks stuck with homes in foreclosure? Why can't they just foreclose on the homes and sell it to someone as a fixer-upper?

And if foreclosed homes are purchased under this program, why put them up for resale when we already have too many homes for sale? The homes should be rented out so that people who can't afford to purchase a home will always have rental homes available.

The government has to learn that there will always be people who can't afford to buy their own homes and some people are just more suited to renting homes for the rest of their lives. Many people who had their homes foreclosed on probably fit in this category.

Many people live paycheck to paycheck and can't afford the maintenance costs that comes with homeownership along with the ever rising expense of homeowner's insurance and real property taxes, and homeowner's association dues in some cases. These are the people who are at greatest risk with homeownership and should be renting. Unemployment or even a short illness will push them into foreclosure and will ruin their credit ... so for many homeowners it is a very risky undertaking.

Santa came early, but who will benefit from it. By the time the money gets to those who needs it, they will be already on the beach. lol

Now a days, when the dollar is given to a cause only a dime will actually spend directlly on that cause. The rest is through the pockets of those who put up phony contractors.

Beleive me, by next year they will form a comittee to investigate where most of the funds went and what was it spend on.

Remember Katrina? The trailers they bought? Fima all over again. Remember Kauai after Iniki? Thats the picture I see locally here.

The liberal democrats will hire their union supporters for the contractors and the first plan is to meet in vegas for two weeks to draw out a plan how to spend the money wisely and what kind of house and material they need. Then they will ask the feds for more money. Then they blame lingle for traveling to Israel and interfereing with their work. And the hosue will agree... No different from DOE. LOL

We need jobs more than we need free hand outs. At least for the short time.