Home › Forums › Housing › idea for stabilizing the housing market. › Better yet, the govenment
Better yet, the govenment buys forclosures from the banks and demos them:
1) It puts money in the banks hands. They will pay it out in bonuses which will eventually stimulate the economy.
2) It reduces the supply making the remaining inventory more valuable. No more below water loans.
3) It provides demo jobs.
4) You may get a nifty mini park right next door.
All we need is a catchy name like “cash for caves” and we are good to go.
