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here on this blog a dozen times that I thought we would have had masisve, hyper inflation that never materialized. In my opinion Obama was a game changer. No one ever saw him coming, let alone have him end up in the White House talking anti business smack.Something has to be done. Banks can across the board reduce interest rates to 6% for the remaining 30 year term on existing loans. Debt forgiveness could be limited to a dollar amount of three months of arrears. All current loans could be assumable until fully amortized.That would create wealth in the housing sector by building tons of equity, restrictions would apply, but within reason, rather than a trick. That could be all debt instruments including credit cards, student loans, car loans, but the time factor would have to correspond to what is the norm to amortize those loans. In turn all of these debts would be prized as more stable financial instruments. You can set limits as you would like, but it is something that in the short term may be a bitter pill, but in the long term it would benefit every one, renters, and home owners alike. Rate this comment: 0 0
by Carlos 06:06:20 AM 2012.12.09 |
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