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Housing Solution: Crashing Home Prices or Cheaper Mortgages?

For a real solution out of this crisis that would endure home prices have to come down irrespective of the mortgage rate; otherwise, a waiting game for next crisis or sick market wil continue to linger as some people will not be able to stay in the house who got in as a result of lower mortgage rate. That means lesson is not learnt.

I do not intent to preach here, but all in DC are fixated on fixing the problem as oppose to resolving the problem. Fixes are fxes and almost all the time need fixing. However, once a problem is resolved it is done with.

The Facts Behind the Coming Congressional Mortgage Bailout Bill

Paying for homes from IRA withdrawal without tax and penalty is rewarding fiscal imprudence for some and penalsing fiscal responsible people. At the same time, it pushes present problem of falling home equity to more poor old folks whenever they come to age of retirment. Then what? It is better to administer the bitter pill now and seek correct solution then to pass the issue for more misery tomorrow.....