I don't think anyone disagrees that the housing market has a significant impact on the economy. There is probably even less disagreement that the housing market is one of supply and demand. If the government owns hundreds of thousands of foreclosed and distressed homes, and every day these homes cost money to maintain and service, then why not tear them down? It's costing an arm and a leg and holding down housing prices.
This idea would create thousands of infrastructure jobs, reduce the inventories and the overhead that goes with servicing them. The quicker we take these homes off the market, the sooner the market returns.
Your thoughts?
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