Rktect

Obama's Housing Plan - What Will It Really Accomplish?

On Feb 13 08:03 AM Gem Hudson wrote:

> It's hyperinflation and it all starts with Barack Obama signing away
> the country economic with his stimulus bill. Happy Firday the 13.


I'm an architect. My experience is that home ownership is really the essence of bonding people to their communities. Building and remodeling homes not only provides jobs, it provides a lot of materials and manufactured goods a market.

Inflation is a good thing for homeowners because it decreases the proportion of their income going to mortgage payments and may allow them to pay off their mortgages early and put more of their income back into the economy making more jobs for others.

As more people are employed incomes should go up which is good for everyone. There will be less of a separation between rich and poor nelping unite the country toward more common purposes.

Subsidies to remodel older homes to be more efficient, green and LEED compliant will help reduce the amount of money that goes overseas to pay for foreign oil

As we use the money to build necessary infrastructure, provide healthcare and education small businesses will benefit, be able to move their goods easier and more rapidly, have less of a healthcare burden for their eployees, have more money to spend on keeping up with the latest technology and accees to more better educated and well trained employees.

The biggest problem is the eight year backlog we have in which all these important necessities have been totally ignored. It may take a couple of years to get people feeling secure in their jobs and incomes again but once they do they will definitely want to spend money on improving their quality of life, expanding their housing space and all of this grows the economy.