• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Raise Taxes on the Rich !

imagep said:
Most people don't expect to loose their job due to a Great Recession, those don't come around very often. They certainly don't expect to be jobless for 2 years. I know a couple of people with college degrees who had worked for the same company for years, lost their job due to the recession, used up their savings in the first year of unemployment, and can't find a job that pays more than unemployment does.

Sure, they should have saved more or bought a shack instead of a normal middle class house, but who expects to be unemployed for two years? It is their fault, but they were by no standards slackers or big spenders.
Click to expand...

Maybe I am wrong but don't most mortgages come with loan insurance so if the principal loses their job, the insurance kicks in?
 
Mason66 said:
Maybe I am wrong but don't most mortgages come with loan insurance so if the principal loses their job, the insurance kicks in?
Click to expand...

MIP, mortgage insurance premium, is there if you pay less than 20% (varies) downpayment...but it protects the lender if the buyer defaults, not the buyer.
As for losing the job? I don't think many insurance companies offer that kind of insurance....
 
You must log in or register to reply here.
Back
Top Bottom