idea for stabilizing the housing market.

[jpinpb]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

That would be the only way to really sustain peak level pricing. Everyone’s wages would have to increase.

[Hobie]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

…excerpts from a blue ribbon panel in Washington. 😉

[Hobie]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

…excerpts from a blue ribbon panel in Washington. 😉

[Hobie]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

…excerpts from a blue ribbon panel in Washington. 😉

[Hobie]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

…excerpts from a blue ribbon panel in Washington. 😉

[Hobie]

[quote=Nor-LA-SD-guy]Stabilize housing ??

Simple, just give everyone a 50% raise.[/quote]

…excerpts from a blue ribbon panel in Washington. 😉

[briansd1]

[quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?

The foreclosure delays is just an ad-hoc social safety net.

The collateral damage is some people who don’t need it are taking advantage of it. But such is life.

[briansd1]

[quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?

The foreclosure delays is just an ad-hoc social safety net.

The collateral damage is some people who don’t need it are taking advantage of it. But such is life.

[briansd1]

[quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?

The foreclosure delays is just an ad-hoc social safety net.

The collateral damage is some people who don’t need it are taking advantage of it. But such is life.

[briansd1]

[quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?

The foreclosure delays is just an ad-hoc social safety net.

The collateral damage is some people who don’t need it are taking advantage of it. But such is life.

[briansd1]

[quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?

The foreclosure delays is just an ad-hoc social safety net.

The collateral damage is some people who don’t need it are taking advantage of it. But such is life.

[UCGal]

[quote=briansd1][quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?
[/quote]
Drama much? Thrown on the streets? What makes you think they’ll be homeless?

These people had places to live before they purchased homes they could not make payments on… they can go back to renting, living with parents, house-shares, etc. My mom’s parents never purchased a house and lived a very comfortable, middle class existence. They were never “thrown out on the streets” just because they didn’t own a home. Home ownership is not a requirement for a roof over your head.

[UCGal]

[quote=briansd1][quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?
[/quote]
Drama much? Thrown on the streets? What makes you think they’ll be homeless?

These people had places to live before they purchased homes they could not make payments on… they can go back to renting, living with parents, house-shares, etc. My mom’s parents never purchased a house and lived a very comfortable, middle class existence. They were never “thrown out on the streets” just because they didn’t own a home. Home ownership is not a requirement for a roof over your head.

[UCGal]

[quote=briansd1][quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?
[/quote]
Drama much? Thrown on the streets? What makes you think they’ll be homeless?

These people had places to live before they purchased homes they could not make payments on… they can go back to renting, living with parents, house-shares, etc. My mom’s parents never purchased a house and lived a very comfortable, middle class existence. They were never “thrown out on the streets” just because they didn’t own a home. Home ownership is not a requirement for a roof over your head.

[UCGal]

[quote=briansd1][quote=carlsbadworker]People need to understand: foreclosure is not the problem; foreclosure is the solution.
A housing bust is only devastating because it reflects the huge mis-allocation of capital during the housing boom.[/quote]

I agree.

But the problem is what do you do with the millions of people thrown out onto the streets?
[/quote]
Drama much? Thrown on the streets? What makes you think they’ll be homeless?

These people had places to live before they purchased homes they could not make payments on… they can go back to renting, living with parents, house-shares, etc. My mom’s parents never purchased a house and lived a very comfortable, middle class existence. They were never “thrown out on the streets” just because they didn’t own a home. Home ownership is not a requirement for a roof over your head.

[Author]

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