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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: James Hutton who wrote (176938)	1/14/2009 11:55:19 AM
From: inchingup	Read Replies (2) \| Respond to of 306849

"I say use the TARP to pay the owners fair market value for the vacant big boxes and then take the wrecking ball to them." Better idea. Figure out what fair value is on the home and pay off the bank using proceeds from a lottery specifically set up to put people in foreclosed homes. Winners get a new home, government makes money off the lottery, banks take the home off their books and government can collect property taxes on the property. Win, win, win, win.