economic recovery: "Yes we Can" Get this Market Going Again
- 11/07/08 08:21 AM
A good deal of time has been spent talking about homeowners who are "underwater" and in need of relief ,but no one has addressed the backlog of solid potential home, and investment property buyers, priced out of the market at today's (relatively) high interest rates. Might I suggest we hold that torch for a moment and take a slightly different tack on our excess inventory? Since we the tax payers now own much of the banking industry why not offer a 6 month "FHA mortgage stimulus package" and reduce mortgage rates to a stimulus rate of 4.5%. (This is about the … (2 comments)
A good deal of time has been spent talking about homeowners who are "underwater" and in need of relief ,but no one has addressed the backlog of solid potential home, and investment property buyers, priced out of the market at today's (relatively) high interest rates. Might I suggest we hold that torch for a moment and take a slightly different tack on our excess inventory? Since we the tax payers now own much of the banking industry why not offer a 6 month "FHA mortgage stimulus package" and reduce mortgage rates to a stimulus rate of 4.5%. (This is about the … (2 comments)
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