To those pilots who own a house

[jmreii]

But that's not the American way!

carry on.

Keeping telling yourself thats the American way as you go over the cliff, I guarantee the rocks will not hurt below, check that, maybe the first rock.

 

[PeanuckleCRJ]

Obama isn't the one paying you and why the crap would you buy something that costs 1700 dollars a month which requires you to fly 90 hours a month?

You absolutely deserve whatever comes when making financial decisions like that...

 

[MJ42]

If a pilot were to live within their means, they shouldn't ever buy a house- the industry is just too shaky, and too unstable.............everyone's neck is on the chopping block at some point in time.Way to go off the deep end. You can't alway get the house you want. Just because some bank says you can afford it, doesn't mean you can. However, keeping expectations reasonable in case you find yourself back in the right seat(or worse) is the responsible thing to do.

Here's a thought for the tools that think they are paying for someone other pilot's mortgage- maybe they are collecting what they've paid in, through taxes, themselves. I've paid enough tax that when it's time to dip into the pot, I'm gonna do it. I paid for it, so I'm gettin' my money's worth- especially since I've worked for it to collect it, where as some clown is getting it from laying on her back makin' babies..........

By the number of "I"'s in your post it's clear, you just don't get it. How much of your tax money, over the years, are you claiming you deserve back? I want a refund because there's a pot hole in my street, after all I paid for a nice street, right? If you find yourself in this situation, will your tax entitlement take the place of your unemployment check?

 

[JumpersAway]

By the number of "I"'s in your post it's clear, you just don't get it. How much of your tax money, over the years, are you claiming you deserve back? I want a refund because there's a pot hole in my street, after all I paid for a nice street, right? If you find yourself in this situation, will your tax entitlement take the place of your unemployment check?

Enough to get back on my feet, and become productive again. Do you honestly think you are going to go through your airline career without any sort of setbacks? I'd suggest prepping for the worst, but continuing to hope for the best. In regard to affording a house as a first officer- what sort of house are you going to set yourself up with while making 27k per year? I'd be willing to bet it isn't going to be one your wife will continue to live in with you...........

Hey, it's a government program that is out there. Either you take advantage of it, or someone that doesn't deserve it will, that's all that I am saying.......

 

[Quimby]

Keeping telling yourself thats the American way as you go over the cliff, I guarantee the rocks will not hurt below, check that, maybe the first rock.

Was the sarcasm not thick enough?

 

[MJ42]

Enough to get back on my feet, and become productive again. Do you honestly think you are going to go through your airline career without any sort of setbacks? I'd suggest prepping for the worst, but continuing to hope for the best. In regard to affording a house as a first officer- what sort of house are you going to set yourself up with while making 27k per year? I'd be willing to bet it isn't going to be one your wife will continue to live in with you...........

Hey, it's a government program that is out there. Either you take advantage of it, or someone that doesn't deserve it will, that's all that I am saying.......Someone who doesn't deserve it will STILL be taking advantage of it. Great way to put a financial burden on the program, especially when the gov't decides to cut it. Then what?

You did read my original post about being furloughed after 9/11, right? Even so, I NEVER missed a mortgage payment or any other payment. When I went to a Legacy, I took a 30k per year pay cut, yet I had no problems paying my debts. Now, I'm making more than ever, yet still live well within my means. SAVING MONEY is how I prepare for the worst.

A house on 27k/year? Yep, I did it. If your wife doesn't like it then tell her to get a job. Hopefully couples can make at least 40 to 50k, enough to buy a modest starter home(they're called starter homes for a reason). BTW, with the crappy housing market a little research can find you a very nice house that's affordable, if you're willing to do some work to find it(and maybe fix it too). There is no reason to buy an unaffordable house!

My problem is with the original post. This guy will be saving $855/month for 60 months. That's $51,300! Do you think if his income is restored he'll call the bank and say, "I want to pay my full monthly payment now"? I doubt it, although I bet he'll SAY otherwise. Does the bank require any type of periodic income verification and credit check to show you still need a reduced payment?

I'm all for helping someone when they're down, until the system is abused.

 

[xjgearbtch]

In the time you spent ranting your self righteous BS you could of written to you local state representative. To the guy who posted this thank you. Thank you for trying to help your fellow pilots. This is a legal got approved method to help families in need. Yes there will always be people who abuse the system. That does not justify screwing people who truly need help. You people make me sick.
PS I'm a capt but my house is budgeted of 75 hours of FO pay.

 

[JumpersAway]

You did read my original post about being furloughed after 9/11, right? Even so, I NEVER missed a mortgage payment or any other payment. When I went to a Legacy, I took a 30k per year pay cut, yet I had no problems paying my debts. Now, I'm making more than ever, yet still live well within my means. SAVING MONEY is how I prepare for the worst.

A house on 27k/year? Yep, I did it. If your wife doesn't like it then tell her to get a job. Hopefully couples can make at least 40 to 50k, enough to buy a modest starter home(they're called starter homes for a reason). BTW, with the crappy housing market a little research can find you a very nice house that's affordable, if you're willing to do some work to find it(and maybe fix it too). There is no reason to buy an unaffordable house!

My problem is with the original post. This guy will be saving $855/month for 60 months. That's $51,300! Do you think if his income is restored he'll call the bank and say, "I want to pay my full monthly payment now"? I doubt it, although I bet he'll SAY otherwise. Does the bank require any type of periodic income verification and credit check to show you still need a reduced payment?

I'm all for helping someone when they're down, until the system is abused.

All about helping someone when they're down- who you kiddin'???? Typical "Me,me,me,me"........Your way is always the right way, correct? Also, you're so quick to jump the gun it's rediculous- automatically ASSuming I'm in the "bought more than I can afford" catergory. If you tell me you didn't receive any help after your furlough in the form of COBRA payments by alpa, or unemployment, I call your bluff. As for the tax argument- you ever cheat on your taxes or stretch the truth about it???? Uh, huh............ How bout letting those that are affected by economic situations beyond their control that genuinely need help utilize the information at hand, and keep your finger out of their face with a moral lecture on something you know nothing about- somone else's personal financial life/burden/situation.

 

[MJ42]

All about helping someone when they're down- who you kiddin'???? Typical "Me,me,me,me"........Your way is always the right way, correct? Also, you're so quick to jump the gun it's rediculous- automatically ASSuming I'm in the "bought more than I can afford" catergory. If you tell me you didn't receive any help after your furlough in the form of COBRA payments by alpa, or unemployment, I call your bluff. As for the tax argument- you ever cheat on your taxes or stretch the truth about it???? Uh, huh............ How bout letting those that are affected by economic situations beyond their control that genuinely need help utilize the information at hand, and keep your finger out of their face with a moral lecture on something you know nothing about- somone else's personal financial life/burden/situation.

That's funny, Where did I ASSume you were in this situation...As I recall I said "if you find yourself in this situation" which is a direct quote from my post.

Show me how this was "typical me,me,me" just because because I live within my means and don't think responsible people should pay for those who live above theirs?

As for unemployment while furloughed...you bet, all $850(gross) for the 4 months I needed it. Not nearly enough to pay my mortgage and utilities. As you claim, something in order to get over the hump while I looked for a job.

As to your other suggestion about tax cheating...never do my own taxes. I pay a professional to know the laws and follow them, however it is my responsibility to check his work before I sign the return.

About your claim of people who actually need help because of situations beyond their control...I guess you misread my last several posts, because that's what I think these programs are for. They are NOT for people who bought a house they could never afford based off earnings that could easily change.

I'm sorry, but your last sentence is about as righteous as they come. According to HIS post, the original poster is NOT in this situation. He got in over his head and now wants the bank to get him out. Worse yet, he is suggesting others follow his lead. I don't claim to know about his(or others) personal situation except for what they post. I'm not wagging my finger in their face, just posting MY OPINION about the info THEY divulged. I have every right to do that, since this type of accepted behavior seems to be the normal attitude these days. The people that are hurt are those who PAY their own bills, don't look for a handout due to irresponsibility(you seem to confuse irresponsibility with unfortunate life circumstances) and speak up about abusing the system.

 

[MJ42]

In the time you spent ranting your self righteous BS you could of written to you local state representative. To the guy who posted this thank you. Thank you for trying to help your fellow pilots. This is a legal got approved method to help families in need. Yes there will always be people who abuse the system. That does not justify screwing people who truly need help. You people make me sick.
PS I'm a capt but my house is budgeted of 75 hours of FO pay.

Self righteous BS? If that's what you think about OTHERS being responsible, then so be it. Again...The bold above is exactly what I want. Help people who TRUELY NEED HELP, not those who got in over their head and now look for a handout. As for writing Congressmen...I absolutely did write them about mortgages bailouts. This original post is exactly the same situation. I live in a part of the country that has one of the highest forclosure rates in the U.S., DAMN right I wrote to our fearless leaders about it!

 

[Paladin]

refinance...rates are as low as 4.75% for a 30 year fixed.

 

[xjgearbtch]

Self righteous BS, is you sitting on your high horse looking down at everyone saying you should be like me. No compassion what so ever for your fellow americans. Yes you make me sick I am so happy the majority of this country isn't like you. So go buy more guns, pray to Jesus, gather supplies for your doomsday shelter. The rest of us will be helping each other and actually enjoying life.

 

[MJ42]

Self righteous BS, is you sitting on your high horse looking down at everyone saying you should be like me. No compassion what so ever for your fellow americans. Yes you make me sick I am so happy the majority of this country isn't like you. So go buy more guns, pray to Jesus, gather supplies for your doomsday shelter. The rest of us will be helping each other and actually enjoying life.

I love the way you distort my statements to suit your own rant. The majority of the country IS like me. Look at the numerous polls from all news sources of those who are AGAINST mortgage bailouts. The rest of your post is so stupid it doesn't even justify a response. BTW, my life is very happy and I enjoy every moment.

9 months old but I'm sure you'll trust the source:

http://blog.mortgage101.com/2009/01/19/americans-not-happy-with-bailouts/

http://www.cnbc.com/id/29283701

AND THE BEST YET...http://www.youtube.com/watch?v=slUBWQ1AUEg&feature=related

 

[Moustache]

Keep Obama out of it. It's the US Govt who runs this program. This is a great program for people who are in need and don't want to lose their home. Sadly this thread will turn into a political firestorm in 3... 2..... 1.....

You have no right to own a house, and Mr. O signed the bill that founded these programs...he even stumpped for it......so yes he is tied to it

 

[Moustache]

Self righteous BS, is you sitting on your high horse looking down at everyone saying you should be like me. No compassion what so ever for your fellow americans. Yes you make me sick I am so happy the majority of this country isn't like you. So go buy more guns, pray to Jesus, gather supplies for your doomsday shelter. The rest of us will be helping each other and actually enjoying life.

Great liberal tactics......
1. It's for the greater good
2. When that argument fails.....just sling insults
3. Then radicalize ie. guns, JC and shelters

You can be read like a book (probably Rules for Radicals)

 

[MJ42]

Great liberal tactics......
1. It's for the greater good
2. When that argument fails.....just sling insults
3. Then radicalize ie. guns, JC and shelters

You can be read like a book (probably Rules for Radicals)

Thank you for seeing through this rhetoric. You are absolutely right!

 

[Ben Dover]

Wow, some of you have absolutely no compassion. You don't want a welfare state you say? No redistribution of wealth?

Then why did you go to a state/socialized college/university? (Anybody go to UND?)
Why do you send your kids to publics/socialized schools?
Why do your parents used Medicare for their insurance?
Why do you file for unemployment insurance when you get furloughed?
How many times have we had threads "how to get a free type ratings" after furlough paid by various government job training programs?
House on fire? Why should MY taxes pay to save YOUR house?
Your bank went under? Why should the Federal Deposit Insurance Corp (FDIC) pay for YOUR bad decision to use that bank?

I could go on for a long time. Bottom line is you ALL like your own pet social programs.

 

[xjgearbtch]

Could care less you guys are such walking contradictions. Keep raging keep hating your fellow americans.

 

[MJ42]

Could care less you guys are such walking contradictions. Keep raging keep hating your fellow americans.Does my military service count? I hope so, because I'm really concerned about what you think of meuke:

Yeah, that's what we're doing What don't you understand? I want to help people that find themselves in unfortunate circumstances due to no fault of their own. I don't want to help those who were fiscally irresponsible and now want a bailout to pay their mortgage. Clear enough? Based on your grasp of the english language it's clear you have comprehension issues. I hope my explanation was simplified enough

 

[MJ42]

Wow, some of you have absolutely no compassion. You don't want a welfare state you say? No redistribution of wealth?

Then why did you go to a state/socialized college/university? (Anybody go to UND?)Educating our children is not a form of socialism, that's a poor attempt to justify a weak argument.
Why do you send your kids to publics/socialized schools?See above.
Why do your parents used Medicare for their insurance?Going bankrupt due to lack of oversight of fraud, waste and abuse.
Why do you file for unemployment insurance when you get furloughed?Going bankrupt because of fraud, waste and abuse.
How many times have we had threads "how to get a free type ratings" after furlough paid by various government job training programs?In bad times, will an extra type help you get a job? Not likely because there are no flying jobs in bad times, however in recent history at least a 737 type gave a glimmer of hope with Southwest. Otherwise, this program, for pilots, is a free type. For taxpayers, it's a waste usually with no ROI.
House on fire? Why should MY taxes pay to save YOUR house?Don't understand your point. Are you talking about taxes that fund fire departments? If so, another apples to oranges comparison.
Your bank went under? Why should the Federal Deposit Insurance Corp (FDIC) pay for YOUR bad decision to use that bank? Going bankrupt due to fraud, waste and abuse.

I could go on for a long time. Bottom line is you ALL like your own pet social programs.Why not continue? How about Amtrack? Freddie and Fannie? Madoff fraud victims? AIG? Citibank? Oh, here's a good one...why not spend millions to replace a runway in DTW that's only used about 3 times per year?

Most of your comparisons are apples to oranges. I have compassion, but why do you expect me to have sympathy for people who show a total disregard for financial responsibility? As I've shown above, most things the gov't tries to take over are abused, mismanaged, lack proper oversight and FAIL MISERABLY.

I'll even throw a reference from today for your reading pleasure: http://news.yahoo.com/s/ap/20090922/ap_on_bi_ge/us_banks_fdic_bailout

 

[Thurman Merman]

If your current airline can't cut it go overseas. They offer a commuting contract, hell you can get 9000.00 a month to fly a Dash 8 in Japan. I bought a house a couple years ago, single without a family and my then airline it was manageable but no money was available for savings down the road, which now it is. I know some people are in a bad way, with circumstances out of their control but the people who bought on variable and not fixed mortgages garner no sympathy. I did it the traditional way, fix mortgage and put as much down as I possibly could. One thing lacking in the US today is accountability. Do I enjoy working in another country, sometimes its hard but I'm not taking a handout. The contract is not bad, I worked out a 2 month on 1 month off schedule. So I get a full month to enjoy my house without having to think about work. I know people who bought with a variable rate mortgage and I always asked, if it can go low, it sure as hell can go high, what will you do? The response, oh, I'll sell it by then for a proffit. Nothing in life is ever easy and sometimes you have to tighten the belt and lace up the boots. And if it seems to good to be true, your payment just went from 900/mo to 2200/mo.

 

[xjgearbtch]

Fantastic you served in the military you still hate fellow americans who aren't exactly like you. Get used to change bud this country is evolving. This is the future don't like go to Alaska with your fav female gov. Oh wait she couldn't handle change. This country has come a long way in the last year we are no longer the laughing stock of the WORLD! Keep kicking and screaming your kids will replace your generation with clearer minds. Sad that it takes old age for folks like you to learn compassion. Or you just get angrier and the HNC will diagnose you with paranoid dimensa and the death panel will take you out "behind the barn". Lol sarcasm is so funny. Best of luck hater.

 

[MJ42]

Fantastic you served in the military you still hate fellow americans who aren't exactly like you. Get used to change bud this country is evolving. This is the future don't like go to Alaska with your fav female gov. Oh wait she couldn't handle change. This country has come a long way in the last year we are no longer the laughing stock of the WORLD! Keep kicking and screaming your kids will replace your generation with clearer minds. Sad that it takes old age for folks like you to learn compassion. Or you just get angrier and the HNC will diagnose you with paranoid dimensa and the death panel will take you out "behind the barn". Lol sarcasm is so funny. Best of luck hater.

What's funny is your lack of education. Aren't you embarrassed? You can't even form a sentence(I'd even settle for a grammatically incorrect sentence). You want to be taken seriously, yet you have the writing skills of a 3rd grader. Now that's funny!

My life could not be any better, but since you have no clue about the topic you decide to insult instead. Simply amazing!

To quote Thomas Jefferson: "I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."

"In matters of style, swim with the current; in matters of principle, stand like a rock."

"My reading of history convinces me that most bad government results from too much government."

"Never spend your money before you have earned it."

"One man with courage is a majority."

"That government is best which governs the least, because its people discipline themselves."

"Speeches that are measured by the hour will die with the hour."

An finally..."The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

 

[xjgearbtch]

You're right I never finished high school but here I am flying a plane for a living. Who'd a thunk it. Next time I'll be more careful typing on my phone.
Jefferson lived in the 1700's this is 2009... last I checked. He had no clue what this great country would develop into. He did help write the constitution to be fluid and dynamic, able to change with the current times. Catch up my friend, it's full of possibilities with the current abilities of this great country. Our country is being left in the dust by every other country. We need to catch up.

 

[MJ42]

You're right I never finished high school but here I am flying a plane for a living. Who'd a thunk it. Next time I'll be more careful typing on my phone.
Jefferson lived in the 1700's this is 2009... last I checked. He had no clue what this great country would develop into. He did help write the constitution to be fluid and dynamic, able to change with the current times. Catch up my friend, it's full of possibilities with the current abilities of this great country. Our country is being left in the dust by every other country. We need to catch up.

Typical defeatist response. Our forefathers had amazing insight when writing the Constitution. I don't care what year it is, their ideas and values still apply today. Isn't that the basis for the foundation of our country? Didn't think you were smart enough to understand. Could you show me one quote that doesn't apply today? I'm interested in you rationale.

BTW, flying an aircraft has nothing to do with your education level, dummies can still fly.:laugh: However, quality employers can see through the facade. I guess that's why the Military and better majors require a college degree.

 

[xjgearbtch]

Never said I didn't have a BS and a Masters, nice assumption though. It's not a defeatist response, reread it. This country is evolving, the govt will as well. If it doesn't it will fail. Catch up with the present world or you will surely be left behind.
BTW you don't need a college degree to get a flight slot in the Air Force. Nice try. I have a few friends that got into the Air Force, got a flight slot and then went to college (full time) while still active duty. One retired as a Lt Col.

 

[Beaver79]

Wow, some of you have absolutely no compassion. You don't want a welfare state you say? No redistribution of wealth?

Then why did you go to a state/socialized college/university? (Anybody go to UND?)
Why do you send your kids to publics/socialized schools?
Why do your parents used Medicare for their insurance?
Why do you file for unemployment insurance when you get furloughed?
How many times have we had threads "how to get a free type ratings" after furlough paid by various government job training programs?
House on fire? Why should MY taxes pay to save YOUR house?
Your bank went under? Why should the Federal Deposit Insurance Corp (FDIC) pay for YOUR bad decision to use that bank?

I could go on for a long time. Bottom line is you ALL like your own pet social programs.

Your right, I have no compassion. And I'll answer your questions:
1) No
2) No
3) No
4) Never collected unemployment...worked TWO jobs when I was broke (some of it VERY SUCKY work).
5) Never collected any free type's. My MBA was in part paid for by tuition assistance....after earning that perk.
6) My fire company is voluntary - as are the donations that pay for the firetrucks, the fire station etc
7) My bank has not - and will never - go under (big words I know). They don't play the junk loan game. They will not approve risky mortgages - PERIOD. 10% minimum down and 20% preferred for a mortgage. Why - sound financial standards. They also have many fewer customers than most banks but continue to make a solid profit every quarter. Responsibility...what a strange phenomenon.

For those of you that have lost your job - my most sincere sympathy. No one wishes you or your family the hardships that accompany the situation. My best to you and your family. To those of you that live outside of their means, I have zero compassion or sympathy for you and your plasma screen TV's. But hey, continue to blame it on evil corporations...who are made up of hard working day to day people like me.

 

[wms]

Try doing it through your bank first. And don't stop at the first goober that says no. Go all the way to the "loan mod director" for that bank. I have clients that got a loan mod through their bank and it took a lot of persistence and a few months.

HERE IS A WARNING! If the gov't helps you with your loan mod, you may owe them the difference when you sell your house. Make sure you have all those answers before you sign any paperwork. AND ONLY USE A GOV'T PROGRAM IF IT'S THE LAST RESOURCE!

 

[Beaver79]

Fantastic you served in the military you still hate fellow americans who aren't exactly like you. Get used to change bud this country is evolving. This is the future don't like go to Alaska with your fav female gov. Oh wait she couldn't handle change. This country has come a long way in the last year we are no longer the laughing stock of the WORLD! Keep kicking and screaming your kids will replace your generation with clearer minds. Sad that it takes old age for folks like you to learn compassion. Or you just get angrier and the HNC will diagnose you with paranoid dimensa and the death panel will take you out "behind the barn". Lol sarcasm is so funny. Best of luck hater.

Your avatar says it all....

 

[xjgearbtch]

pretty funny isn't it