The Media has focused it's attention on the Government's involvement. Isn't the Government's involvement in the "Housing Crisis", what helped get us into this in the first place? By that I mean some of the deregulation, and turning a blind eye to what was seen coming long ago.
Now they created this possibly false "Light at the end of the tunnel". But is it possible while we're looking at that "light", there is a snake behind us getting ready to bite us in the butt?
I personally feel that if the Government stayed out of it, Banks and Homeowners would be FORCED to work together QUICKLY. Now we have all these "middle people" muddying the waters. The longer it takes to get to a solution, aren't we digging ourselves in deeper?
The other side of it is...the opportunities that haven't been around in the longest time. Due to low pricing homeownership has opened up for so many, like never seen before! The higher priced homes will move again, as soon as the proverbial dust settles. There are amazing deals there too!
I have to give props to the State of Florida also. The local Government here really has stepped up to the plate, by taking a pro-active stance. Other States should really take some notes, and work on their issues at home. Governors don't WAIT for the Fed to fix your problems at home. Everything takes time, and your citizens need help NOW!
Fact is...It is up to US to fix!
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