Igorsky

Nationalizing the U.S. Banking Sector: There's No Choice

I do not see why valuation of houses is a problem. Keep it simple. Use the prevailing values of houses in 1999 (one year after the repeal of the tried and true Glass-Steagal). Counties have this record... add 10% for homes built after 1999. The per square footage is available per location. The values of houses in 1999 were at sustainable levels and is even more valid in today's average income levels.

Using this valuations for bank takeovers, the homes can be sold with no risks to taxpayers. At this level of valuation, the houses will sell quickly and the prices will even go higher because of demand. The difference between 1999 and actual selling price, if positive, can be a shared benefit between the taken over bank and the taxpayers.