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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (451852)	1/28/2009 1:29:37 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1575538

Michael, > Cap all existing mortgages at market value or some number just below to avoid abuse. EG guy has 500k mortgage, house worth 400k. Reduce mortgage to 400k. Might work, but if that is enacted, plenty of people out there will claim that their house is way overvalued. My own house, for instance, is a little below what I bought it at, but still 40% above what the previous owners bought it at. And they only lived in it for the house-flipping minimum two years. Tenchusatsu