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: GraceZ who wrote (176875)	1/13/2009 4:54:28 PM
From: Smiling Bob	Read Replies (1) of 306849

What's happening now is certainly far worse than nationalizing mortgages. Seems it would be preferable to entrust individuals with what to do with their money rather than continue handing it over to the banks in large chunks only to watch it vanish. As far as new mortgages, it would obviously only cover qualifying, owner-occupied mortgages. Subsidized rate cuts across the board would have nothing to do with reflating any bubbles. It's about stabilizing the housing market somewhat. More importantly, it's immediately putting disposable income into consumer hands. It's more cost-effective and efficient than any proposed stimulus plan or tax cuts. It severs this ever-tightening marriage between banks and the govt. Pools could be sold back to investors as things settle down

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