Friday, September 26, 2008

saving foreclosure shouldn't be an afterthought

OK so I was listening to this video

and it sounded like congress is on the right track, but it also sounded like saving the homeowner that is about to be kicked out of his house was not quite as non-negotiable as the rest.

Check it out. Even if the government ends up owning a lot of real estate, it's real estate so it will continue to increase in value.

This is going to take a long time to set itself right. A long term investment is going to be needed. Part of that investment needs to be in the home owner that is trying to raise a family.

Saturday, September 20, 2008

bank bailout, how bout homeowner help

I just read of a proposal by Bush for a huge bailout fund for failing banks that own bad mortgages. If it is to be enacted, I'm not sure the money should go to the banks, certainly not as principle plus interest.

Seems to me that it's not a bad idea but that the funds should go to the owners of the homes esp if the house is the primary residence.

That way the banks get their money and no one is thrown out of their house.

Seems like a no brainer to me.

Course if it were to be enacted we'd probably have to stop spending quite so much on things like the war in Iraq but I digress.