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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (15979)1/2/2009 6:16:51 PM
From: gregor_us2 Recommendations  Read Replies (1) | Respond to of 71456
 
How about sending every person over 18 in the United States a check for 411,000.00? That's the conforming mortgage amount. Your average couple would be able to easily pay off their mortgage. All other adults would be able to buy a modest home for cash. Or, if paired up together, quite a substantial home.

Of course, I don't advocate this. The number of intended consequences would be myriad.

Here's one: it would not change one bit the plans of those who are deeply underwater on their real estate who intend to walk. You walk from the home, and you've got a check for 411k to get you down the road a, to the next place in life.

G



To: Jacob Snyder who wrote (15979)1/3/2009 10:10:16 AM
From: Pogeu Mahone  Read Replies (1) | Respond to of 71456
 
After you print the dollars how do you get it to the underwater home borrowers? Is their boss going to give them a raise? Please tell us how thhis can be accoplished.
Thank You.


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print enough dollars till nobodies' mortgage is underwater


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