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If the housing market had as much attention as the auto industry, wouldn't everything else fall into place?
If the housing market had as much attention as the auto industry, wouldn't everything else fall into place?
I'm just curious to YOUR OPINION on how the government prioritizes.
People need a place to call home.  They need job security. Then they need their own vehicle. After all there are buses and taxi's and other means of transportation.
Everyone is looking for a "bail out," however, the root cause of the debacle we are experiencing stems from the real estate frenzie and the ability to get mortgages whether one could afford a home or not.  There were loans for everyone, and people took advantage of them...Did most people understand what would occur once their mortgage "ballooned" into a payment that was probably going to be double of what their current income could maintain? Probably not.  After all, if the standard 3% raise was calculated into the equation, that 3% for most people was not going to compensate for a mortgage payment that was possibly going to double.  C'est la vie...the past is over, so how to deal with it?  I'm not even going to attempt, however, I do have a few thoughts.
1. People need homes and a place to live. It's ... more

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