C'mon, reason inhabitants! How would you resolve the desperate mortgage issue?
The Feds don't know, the media pundits don't know and the big bankers don't know...who has to know? Are you describing me nobody in the USA can come up with a adjectives sense answer to clean up this mess?
We're at aprox. 8 million bad loans on homes out of aprox 55 million mortgages.
Ideas?
Here's mine, vacate those homes that be obviously bought by folks who could not carry the debt and replace them beside first time home buyers with a good track journal of paying their bills and extend the mortgages at no penalty to match their income. This would reward those family who otherwise might not own a home but always pay their bills prompt and it would promote reward for hard work instead of reward for irresponsibility as it is now proposed by the system.
Answers:
Your question is invalid due to your high sense of adjectives sense! I mean, how can someone else come up with an Intelligent solution when adjectives of the so called experts cannot? JOKING!.
You are not looking at the whole picture. Think more or less this. You do not have to be a mathematical whizkid to amount it out.
You bought a house ten years ago for, say, two hundred thousand dollars. The mortgage is one thousand dollars a month. That's twelve thousand a year, times ten years = one hundred and twenty thousand dollars. You lose your job and the hill forecloses, kicks your a** out onto the street. You lose all of that money, your furniture and any improvements you made to the house. It is contained by tip top shape.
The bank owns the house. They keep your money. They are ahead of the spectator sport by one hundred and twenty thousand dollars. The house has appreciated above the decline in price, which is probably still above the inventive price of two thousand dollars. They have all of that collateral and if and when the discount turns around, they can repeat the process.
AND, THE BANKS ARE BROKE?
I guess you and I are the only smart people still alive and thinking.
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Fox News merely said the reduction is great mortgages and the stock open market are going up & the worst retail #'s contained by
We're at aprox. 8 million bad loans on homes out of aprox 55 million mortgages.
Ideas?
Here's mine, vacate those homes that be obviously bought by folks who could not carry the debt and replace them beside first time home buyers with a good track journal of paying their bills and extend the mortgages at no penalty to match their income. This would reward those family who otherwise might not own a home but always pay their bills prompt and it would promote reward for hard work instead of reward for irresponsibility as it is now proposed by the system.
Answers:
Your question is invalid due to your high sense of adjectives sense! I mean, how can someone else come up with an Intelligent solution when adjectives of the so called experts cannot? JOKING!.
You are not looking at the whole picture. Think more or less this. You do not have to be a mathematical whizkid to amount it out.
You bought a house ten years ago for, say, two hundred thousand dollars. The mortgage is one thousand dollars a month. That's twelve thousand a year, times ten years = one hundred and twenty thousand dollars. You lose your job and the hill forecloses, kicks your a** out onto the street. You lose all of that money, your furniture and any improvements you made to the house. It is contained by tip top shape.
The bank owns the house. They keep your money. They are ahead of the spectator sport by one hundred and twenty thousand dollars. The house has appreciated above the decline in price, which is probably still above the inventive price of two thousand dollars. They have all of that collateral and if and when the discount turns around, they can repeat the process.
AND, THE BANKS ARE BROKE?
I guess you and I are the only smart people still alive and thinking.
Related Questions: