What We Should Do
Everyone has their own opinions about the economy. What I think we should do:
1) spend part of that 700bil to TEAR down existing foreclosed homes. That's right...tear them down.
2) this will increase the values of existing homes as it will be cheaper to keep homes and pay for them than try to compete with other people for cheaper homes or rental property. The supply will be gone.
3) the banks and the people who have taken out loans they couldn't afford will be paying the cost--not responsible homeowners who are able to still pay their mortgage.
4) consumer confidence will go up as people will not be losing the values of their homes, and foreclosures will not seem like such an attractive option anymore.
I will get my bulldozer now.
1) spend part of that 700bil to TEAR down existing foreclosed homes. That's right...tear them down.
2) this will increase the values of existing homes as it will be cheaper to keep homes and pay for them than try to compete with other people for cheaper homes or rental property. The supply will be gone.
3) the banks and the people who have taken out loans they couldn't afford will be paying the cost--not responsible homeowners who are able to still pay their mortgage.
4) consumer confidence will go up as people will not be losing the values of their homes, and foreclosures will not seem like such an attractive option anymore.
I will get my bulldozer now.
posted by Jessica K. at 2:50 PM
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