The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ChanceIs who wrote (121306)	5/7/2008 10:29:59 AM
From: 10K a day	of 306849

> Enough silliness for the day. << Where is the money supposed to come from??? Banks don't want the house and home owners are upside down. If the govt mandated acceptance of 42 percent of loan balance and 42 percent of late payments ...... some people would still lose their house. It would take a while for prices to find a happy medium. but it would put much of this crap behind us. It's no different than quasi govt agencies do in some industries. Workers comp, Medi-Cal, MediCare to name a few. I think it would work. It's nothing short of price fixing and anti-trust but it's exactly what govt does now in real time.

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