Economics: should home owners be bailed out or relocated ?

It is apparent that in order to preserve our economy, the capital stored in mortgages needs to be preserved … which leads to the questionable strategy of rescuing homeowners from agreements that they cannot afford.

Would it not be a realistic idea to relocate these homeowners to properties that are within their means?

………………………………………………………………………………………………………………
………………………………………………………………………………………………………………

One response

  1. Yes. Example: Home owners buy a home for 500k and the current value is only 300k. His next door neighbor has is short selling the exact same model, home same size, same sqaure feet and is identical for 325k. It would not be difficult to relocate next door into a home they can afford. The only difficulty would be getting the banks to loosen the death grip it has on the American people.

    James
    mymoneymyhomemyfuture.org/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s