Home › Forums › Housing › Solution to the Housing and Foreclosure crisis › You can’t stop
You can’t stop foreclosures.
Unfortunately our Gov’t thinks they can and will waste every good $ finding out they’re wrong.
You write down the 2 million loans that entered foreclosure in 2008 and what? Those people stay in their homes?
Not if they work at one of the banks whose loans you just wrote down.
Foreclsoures will only stop when prices go back up. The only way prices will go back up is if people can afford homes again.
Foreclosures are now necessary to correct things. They’re not the cause, they’re the solution, forced upon us for reckless lending and borrowing.
