Economy fix

Over 37 percent of Americans are afraid that they will not have enough money for their rent or mortgage. With the foreclosure crisis, there is a glut of housing and a lack of buyers, which is putting the squeeze on the housing industry. Analysts offer several solutions to fix the economy, including a housing focused stimulus package that addresses preventable foreclosures, lower interests rates for new buyers and those refinancing and the extension of the housing to credit to all home buyers not just first-time buyers. According to analysts, implementing these measures will shrink the housing surplus and stabilize the market.

Category:

Howto & Style

Tags:

• foreclosure
• foreclosure crisis
• home values
• housing collapse
• housing crisis
• economic stimulus

[Anothercoilgun]

High rate, low rate, or lowest rate in 40 years makes no difference when a 1200 sq feet home on Cali pushes pass 400K and unemployment climbs every day.

[Anothercoilgun]

Housing period to not be an excuse for personal profit. No home should take more than 10 years to pay off. No banks should be involved in home loans. Most should have at least 50% cash when buying a house because the house should not be 3 times their combined income. The world has it all so wrong.

In an equally stupid parallel world, children are mortgaged and children are foreclosed on. You see, I do not distinguish the evil of that reality from our current reality. No one iota.