Comments on: Newsom Asks Lenders to Offer More Help to Those Facing Foreclosure http://actlocallysf.org/blog/topic/2007/11/30/newsom-asks-lenders-to-offer-more-help-to-those-facing-foreclosure/ Join the Debate! Read and comment on articles posted on actlocallysf.org. Fri, 16 May 2008 23:32:52 +0000 http://wordpress.org/?v=wordpress-mu-1.0 by: Jack Bates http://actlocallysf.org/blog/topic/2007/11/30/newsom-asks-lenders-to-offer-more-help-to-those-facing-foreclosure/#comment-848 Thu, 06 Dec 2007 22:19:18 +0000 http://actlocallysf.org/blog/topic/2007/11/30/newsom-asks-lenders-to-offer-more-help-to-those-facing-foreclosure/#comment-848 I'm all for getting lenders to lend responsibly, but extending payments, renegotiating loans, etc. is also rewarding bad BORROWING. I was told that I could afford a condo that had a payment that was 3/4 of my monthly take home. I GOT THAT LOAN and turned it down because I was responsible and saw that I couldn't afford the payment. These borrowers and lenders have enflated our housing market and if there isn't a "crash" or a "correction" then us RESPONSIBLE borrowers will be force to dream the American Dream and not live it here in San Francisco. http://www.allaboutthedragon.com/<ul><li><label>Overall Rating</label>: 10</li> </ul> I’m all for getting lenders to lend responsibly, but extending payments, renegotiating loans, etc. is also rewarding bad BORROWING. I was told that I could afford a condo that had a payment that was 3/4 of my monthly take home. I GOT THAT LOAN and turned it down because I was responsible and saw that I couldn’t afford the payment. These borrowers and lenders have enflated our housing market and if there isn’t a “crash” or a “correction” then us RESPONSIBLE borrowers will be force to dream the American Dream and not live it here in San Francisco.

http://www.allaboutthedragon.com/

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