brokerbila

Proposals for a Depreciating Housing Environment

Many homebuyers are waiting to buy thinking that prices will fall further. Perhaps we could find an insurance company to accept premiums to insure against a drop in value. It would be like the FDIC guarantee sticker on the window at your bank. The money you put in, you'll be able to get back out, as long as you have held the property for X number of years. We currently insure the lenders with PMI private mortgage insurance for such shortages (and the buyer pays a small monthly fee for it). Why not the owner of record too?