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The Housing Circus

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Uploaded by on Aug 1, 2008

Welcome to the Housing Circus where our own government bails out those who put us under, with our own money. This new bill will do little to help the homeowner and more to help Fannie Mae and Freddie Mac. Wake up and smell the foreclosure stench on Main Street and make these servicers HELP the people suffering in their homes.

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  • The entire tax structure and subsidies to the market for home mortgages has for decades encouraged speculation in the real estate market for housing making housing less not more affordable. America must adopt policies to accomplish the unthinkable: home ownership without the possibility of cashing in on increasing land values, i.e. home ownership for use, not for profit. Ironically this is done by eliminating all subsidies and taxing land values so that speculators are forced to go elsewhere.

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