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Details of Obama Housing Plan: Not So Bad After All

No plan has yet to address the 2.5 million Lender REO owned homes!!!

This number is huge & will drive prices even lower for years to come.

The next 700 billion bailout will be for municipalities/cities to replace falling revenue due to real estate taxes dropping.

Removing 2 million of these homes from the market will drive supply to the lowest level in years. This will increase demand & prices will bottom & then rise.

This will increase the value of all homes including the 9 million upside down owners who can now sell or refinance.

Lenders will lend on increased demand & rising home values. (not declining).

Send the 2 million homes to local HUD agencies for section 8 housing.

Sell 600 billion in 30 year bonds to finance purchase of homes.

Lenders will have a fresh pool of funds to lend from.

Remove declining assets from balance sheets.

Prop up home values for city/Muicipalities property tax revenue.

This will work.