Griz

Solve the Housing Crisis by Rewarding the Prudent

All of these "save housing" ideas are attempting to keep housing prices up which is wrong. Housing VALUE never really increased... price increases caused people to beleive there is more value in homes than they were worth. It was all a figment of you homeowner's imagination. The prices TEMPORARILY bloated and now are letting out gas. SSSSSSSSSSS, see that's the sound of your artificial wealth evaporating. As a matter of fact, anyone holing any type of asset is in deep do-do. Stocks, bonds, real estate, even gold; you name it, it all has been artifically inflated by excessive leverage in the system. As we deleverage (as last happened in the 1930's) asset prices, all assets will come down in value thus re-distributing wealth back to the people. So bring it on, keep your job if you can, and most importantly hold onto your cash (yes the dollar will probably survive for now) because the great global asset sale is about to happen and it'll be all at 90% off.