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

To: patron_anejo_por_favor who wrote (227516)	11/5/2009 11:57:55 AM
From: James Hutton	Respond to of 306849

"ROTFL! Why don't we just bulldoze all the homes they built since 2006 that are unoccupied, paying them whatever they ask for them. That would surely be "stimulative"." Actually, before the government began the giveaways, I said it would be a good idea to bulldoze a lot of the houses and pay them (or preferably their creditors) a FMV approaching that of the land. Too late now. But I'm sure if it ever came to fruition, as you suggest our government would pay them, like, 90 cents on the 2005/06 asking dollar and then claim victory for the taxpayer and say they were "preserving" jobs for the homebuilders because they could survive and build more needless houses.