JOETRADER

Solve the Housing Crisis by Rewarding the Prudent

EVERYBODY IS TALKING ABOUT A BAILOUT FOR THOSE WHO MADE BAD LOAN DECISIONS. THIS WHOLE MORAL IDEA SHOULD BE ABOUT EQUALITY, JUSTICE AND FAIRNESS.

IF THE ARE GOING TO GIVE A BAILOUT TO DISTRESSED HOMEOWNERS, THEN THEY SHOULD ALLOW THOSE WITH SENSIBLE 30 YEAR FIXED RATE MORTGAGES TO DEPRECIATE THEIR PRINCIPAL RESIDENCE BY 150% TO 200% PER YEAR WITHOUT RECAPITALIZATION WHEN THE HOUSE IS SOLD. THIS WILL PUT MORE MONEY IN THE ECONOMY AND EQUALIZE THE PLAYING FIELD.