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  • Hitting the Reset Button On Home Mortgages [View article]
    AKJ,
    the only reason why housing prices are going down is because these houses are overpriced regardless of foreclosures or no foreclosures.

    If a house is foreclosed and the house is auctioned then someone will buy it for the right/market price.

    Do you get it? Or do you think the government must support housing prices? If yes, at what level?
    Apr 01 23:58 pm |Rating: 0 0 |Link to Comment
  • Hitting the Reset Button On Home Mortgages [View article]
    Just because someone Does NOT Want or Can Not make mortgage payments, the loan should be reduced or forgiven? Hell no!

    Otherwise, NOBODY in his/her sound state of mind will make any mortgage payment. Just live in a house or a mansion and pay nothing. Foreclosure? What foreclosure? Hillary, Obama and the rest will just outlaw foreclosure.

    Do you expect anybody will build a single new house? No way!
    Do you think anybody will work? No, what for?
    Do you think there will be any food in supermarkets? No.
    Will such society last for long? No.

    A historical note:
    Back in 1917, similar "forgiveness"/anarchy situation took place in Russia. It did not last long. It led to the Bolshevik coup, the civil war, and dictatorship. 25%+ of the entire population were slaughtered and/or starved to death.
    Apr 01 23:30 pm |Rating: 0 0 |Link to Comment
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