Heard on the news last night, Ft. Worth, Tx. is getting 6mil in bailout funds to stop home foreclosures. Here's the plan, give folks $20,000 to help them buy a house. If they stay in the house 5 yrs. the "loan" is forgiven. Just more incentive to get folks in homes they can't afford.
So how does giving a prospective house buyer $20,000 slow foreclosures? Beats me.
Like you, it irritates the fool out of me. James and I work hard and live within our means and all these people who bought more than they could afford get hand outs and bail outs paid for with my money (tax dollars). GRRRRRRR!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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