Thread: Is Home Ownership a Constitutional Right?

Greater individual responsibility, not government bail outs, is the solution to the mortgage and housing crisis

Is Home Ownership a Constitutional Right?

By John Lillpop
Wednesday, June 9, 2010

Heaven knows, no one wants to see any American kicked out of his or her home. But government bailout of citizens in foreclosure is yet another punch in the stomach to millions of Americans who have chosen to live their lives responsibly and within their financial means.

Given this government’s assumed role as Uncle Nanny when it comes to home ownership, why in Hades should any responsible citizen scrimp and save and work hard when those who are reckless and irresponsible can count on being bailed out with taxpayer money?


What is the point in being frugal and prudent when it is the foolish and imprudent who are rewarded?

During the most recent period of extravagant exuberance in the mortgage industry, several “old schoolâ€

I think some in foreclosure should be bailed out and some should not. It should be on a case by case basis. If they have owned the home for a long time and DID NOT LIE ON THE LOAN PAPERS, and if their inability to make mortgage payments is through no fault of their own....then maybe. Their financial activity should be reviewed....especially when it comes to taking out second mortgages. If they acted responsibly then they should be bailed. If they could not afford the house in the first place, then they should not. The inability for so many to buy homes is caused by depressed wages. Instead of giving homes to those who cannot afford them, they should raise the minimum wage...which would float all other wages. Then more could actually afford to buy a home. Owning a home is more than paying the mortgage, there is manintenance also and tax and insurance. I am pretty sure that most Americans can no longer actually afford to buy and maintain a home anymore.

Not all, but a hefty number, lost their jobs because of outsourcing manufacturing and insourcing legal and illegal workers. Wages have been cut, furloughs mandated and part time is all they can get. They would have been able to afford their homes if amoral corporations did not undermine the economy of the "little people". If this is the case, in order to foreclose, the bank should have to find them a job at the salary they were making prior to the foreclosure. That could put a great deal of pressure on the traitorous companies with off shore holdings who escape taxes and then import their cheap and poisonous products that should have been made here in the first place.