Random ramblings
So, it's been a year since my first day at Promega. I can't believe it's already been that long. I've definitely enjoyed the work so far, but living away from Chris (and living out of a suitcase) for a year is starting to take its toll on me. I sincerely hope the house sells soon, as I'm getting really sick of living like this.
But, it could always be worse. At least I have a job and a house. I just wish we could get our equity out of the current house to buy one in Madison. This topic brings me to the next subject. I admittedly don't know everything about the legislation, but I read a headline on CNN about a mortgage rescue bill that has currently passed through the Senate. From the article:
Congressional leaders also are divided on how high to place loan limits that apply to government mortgage insurance and financing. The Senate bill sets those limits at $625,000 while a House-passed version puts them at $730,000 - a crucial difference in high-cost housing markets like California, home to House Speaker Nancy Pelosi . . .
Borrowers would be eligible for the housing rescue if their mortgage holders were willing to take a substantial loss and allow them to refinance, and if they could show an ability to make payments on the new loan. They would ultimately have to share with the government a portion of any profits they made from selling or refinancing their properties.
Now this may sound a bit (shudder) conservative, but doesn't this seem a bit extreme? On one hand, I'd love for people to get rescued by the government, as this could lead some people to have the funding they'd need to buy our house in IL. But, on the other hand, shouldn't people be held responsible for the financial choices they make? I mean, Chris and I didn't go out and buy a $500,000 house, because I knew we couldn't afford that. We stayed within our means and can still afford our payments. I almost feel like the financially responsible people are being punished (or at least aren't being held to the same standard as the people who have been rather irresponsible in their spending choices). I don't know . . . maybe I'm just getting old.
Anyway, should probably get some work done. Wish us continued luck in selling the house. I'm going to just think happy thoughts and celebrate the fact that for the most part, I'm very happy that I've been with Promega for a year.
But, it could always be worse. At least I have a job and a house. I just wish we could get our equity out of the current house to buy one in Madison. This topic brings me to the next subject. I admittedly don't know everything about the legislation, but I read a headline on CNN about a mortgage rescue bill that has currently passed through the Senate. From the article:
Congressional leaders also are divided on how high to place loan limits that apply to government mortgage insurance and financing. The Senate bill sets those limits at $625,000 while a House-passed version puts them at $730,000 - a crucial difference in high-cost housing markets like California, home to House Speaker Nancy Pelosi . . .
Borrowers would be eligible for the housing rescue if their mortgage holders were willing to take a substantial loss and allow them to refinance, and if they could show an ability to make payments on the new loan. They would ultimately have to share with the government a portion of any profits they made from selling or refinancing their properties.
Now this may sound a bit (shudder) conservative, but doesn't this seem a bit extreme? On one hand, I'd love for people to get rescued by the government, as this could lead some people to have the funding they'd need to buy our house in IL. But, on the other hand, shouldn't people be held responsible for the financial choices they make? I mean, Chris and I didn't go out and buy a $500,000 house, because I knew we couldn't afford that. We stayed within our means and can still afford our payments. I almost feel like the financially responsible people are being punished (or at least aren't being held to the same standard as the people who have been rather irresponsible in their spending choices). I don't know . . . maybe I'm just getting old.
Anyway, should probably get some work done. Wish us continued luck in selling the house. I'm going to just think happy thoughts and celebrate the fact that for the most part, I'm very happy that I've been with Promega for a year.