The Xbox "Ring of Death" has been solved, according to a Yahoo front-page video I just saw. Apparently, it was such an issue, the game consoles getting a "Red Ring of Death" around the power button and not doing anything else, that several Xbox owners have even filed a petition in some states. Wow. Well rest easy Xbox fans, problem solved. Issue removed. WooHoo!
Are you kidding me?
There are computer geniuses in this country! Seriously. Look at some of these folks at Google, Microsoft, Macintosh. Things are done with computers that were unthinkable a few years ago. Great things have happened in technology.
But housing? A mess. We have people that can fix Xbox problems and write coded formulas that would make your head spin. But housing? Let's just throw money at it.
I'm sure you've wondered as I often have, why the US hasn't sent some elite force of Military ninjas to seek out and kill osama bin laden? Why not let Tom Clancy write us a black ops plan to sneak-in and get the guy????
I'll tell you why. Muscle doesn't win anymore, the GEEKS do. And the geeks could solve our economy problems. We put together a crew that built an atomic bomb and put a man on the moon. Multiply that by today's technology, the government could assemble a Manhattan (Housing) Project on steroids. (It's okay A-Rod, you don't have to come.)
NAR president Charles McMillan just recently sent an email that said "NAR is 100% opposed to the provision that modifies the Mortgage Interest Deduction and is prepared to use its formidable array of resources against its enactment." You GET 'EM Charles!
Let's face it, the politicians aren't smart enought to fix it. But the geeks aren't stupid enough to be politicians, so there is a gap between the two. We need to bridge that gap.
Put the geeks that can solve problems on the housing crisis. There's a good formula waiting to be written, to help the greater good and not hurt us.
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Jay, the geeks can only solve this problem if it involves electronics and software. This problem won't begin to be solved until the mortgage companies, of their own volition, decide its better to work with distressed homeowners than to tell them to kiss their entire b**ts, which is what they have been doing up to this point. I'm trying not to be skeptical about the administration's attempts to calm down this problem, because I'm not sure how its going to work. But in my opinion every little bit helps.