Just what good do you think is happening now with homes foreclosed, allowed to decay, be vandalized, stripped of appliances, stripped of wiring, stripped of liveability?
It's becoming a death spiral in places. What solution do you have? Add to the homeless population, let the neighbors decay, let local economies circle the bowl?
This may come as a shock to you but retirement and pension funds were already been hit hard by the mortgage meltdown.
Just what good do you think is happening now with homes foreclosed, allowed to decay, be vandalized, stripped of appliances, stripped of wiring, stripped of liveability?
It’s becoming a death spiral in places. What solution do you have? Add to the homeless population, let the neighbors decay, let local economies circle the bowl?
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Ahh...I love the smell of snark in the morning, its the smell of victory.
Housing prices were inflated. Let them come down to market levels and people will be able to afford them. Only a true statist would support the type of market tinkering and the abrogation of creditor’s rights that this article suggests.