The article was okay but I did NOT like the suggestion of allowing the homeowners to stay in the home and the banks become landlords. If anything all that would do is prevent REO properties from hitting the market and bringing prices down which is the natural progression needed to pop the bubble. In fact even though the homeowner essentially loses the home, they in essence get a reprieve because they now get to live in the home. So they lost the home, big deal… what if they financed 100%?
They should move out and go find a rental just like everyone else.
