Assistance programs help homeowners who are at risk of losing their homes due to financial difficulties by providing financial support or restructuring loans. Proponents argue that it prevents people from losing their homes and stabilizes communities. Opponents argue that it encourages irresponsible borrowing and is unfair to those who pay their mortgages.
Narrow down the conversation to these participants:
Discussions from these authors are shown:
Province/Territory:
@B34JYJP2mos2MO
Government should have programs available for people to access depending on circumstances of foreclosures
CMHC should protect the home owner and not the bank. Since it is the home owner who pays the premium
@B2Q2PLC3mos3MO
it depends on the circumstance, not if they were laid off due to company closing and lack of jobs available for example then yes. no if they can not provide evidence proving they were laid off with such a reason and haven't been actively looking for a JOB THAT CAN PAY WHAT THEY NEED TO AFFORD to live with today's inflation
@9ZTXY875mos5MO
Yes, because they will be homeless otherwise. Giving them money might be useless—but if that were an option, the government should instead tell them to buy a cheaper home and support them in that endeavour.
I think it should depend on the circumstances and past financial history and current circumstances.
@9W2QDRF6mos6MO
Yes, assuming the owner's don't own multiple properties, etc
@9TP4HNW7mos7MO
Only if the homeowners can show that they use the money for proper uses.
@B3SJHHS1mo1MO
Yes, as long as it is from situation out of their control (death of partner, job loss, disability, etc)
@B244VCM4mos4MO
This is not a question that can be answered generally. I think this should be done on a case-by-case basis, and those who qualify should be helped, and those who don't should not be.
@9VGPQW77mos7MO
Yes if the foreclosure is due to inflation rather than not working
@9RPPNG79mos9MO
Yes, but only if situations beyond the individuals control contributed to the risk of foreclosure.
@B4BH7Y83wks3W
I guess that depends. It's part of the whole economic problem at the moment. In cases like 2008, yes, they should have. But our case was not like the US, so more of a theoretical question I think.
@B47M5L93wks3W
Yes, if the homeowner has proven to be financially responsible but was unable to make ends meet due to genuine extenuating circumstances
@B45T2LC4wks4W
A Universal Basic Income should prevent financial difficulties that lead to homes facing foreclosure.
@B4PPBZN3 days3D
No, but there should be an avenue for homeowners to be forgiven loans by the bank once the homeowner has paid enough to the bank to cover the amount initially loaned.
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.
