Franklin County to the Rescue
July 21, 2008
This article about from the Columbus Dispatch details plans by Columbus and Franklin County to help bail out citizens that are facing forclosure. The idea is to help keep people in their homes and to also go after some of the predatory lenders that may have been somewhat deceiving when they lent money in the first place.
A statistic in the article that I was unaware of is that “Ohio’s foreclosure rate was sixth-highest in the nation last month.” That’s pretty amazing. It is never good to be in the top ten for such bad things as human misery.
For me this is somewhat of a tough call so I am asking for your opinion. Is it fair for the government to spend large amounts of money to help borrowers, many of which never had the means to buy the house in the first place? I know that $3 million may not sound like a lot of money, but it is just the tip of the iceberg. On a side note… isn’t it crazy when we are so numb to hearing numbers in the millions and billions that we just kind of shrug our shoulders and not think twice about spending that amount of money?
I do feel sorry for people in these situations. Many cannot afford the houses because the the crippled economy. What do we do to help?
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