Quote:
Originally Posted by Joe
The free market answer is to do nothing.
If the boarded up houses drag down property values to the point where no one can sell or improve a home, and the notion owning your own home is transformed into the American nightmare, so be it.
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I have a good memory. You were out here months ago whining about how Americans cannot afford to live in the same neighborhoods as their parents and that young people are priced out of homes.
Duh, Joe, thats becasue houses were way, way, way overvalued!!!! Their needs to be a correction! Obamas plan is to STOP the correction! Housing prices need to drop drastically. That means some real bad news for the ecomony and families. But a home is an investment, sometimes you lose! Were lending more money to people that couldnt afford it last year or the year before, and now they'll be able to afford it in this economy??????????????????????
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