Increase regulation. Fund it through user fees, i.e. real estate transfer taxes.
Work with local governments to file liens and forfeiture actions against lender-owned nuisance properties, encouraging lenders to rent or sell vacant houses.
But a moratorium? That would kill lending, and go down in history as another nail in the coffin of the great California real estate bubble.
I don’t know why these people are so worried. Like what Greenspan said, the problem will resolve by itself. Just give it some time. Let the market corrects itself! Besides, a lot of those who are facing foreclosures are speculators (not even investors or residents), let them find their way out.
I don’t know why these people are so worried. Like what Greenspan said, the problem will resolve by itself. Just give it some time. Let the market corrects itself! Besides, a lot of those who are facing foreclosures are speculators (not even investors or residents), let them find their way out.
I don’t know why these people are so worried. Like what Greenspan said, the problem will resolve by itself. Just give it some time. Let the market corrects itself! Besides, a lot of those who are facing foreclosures are speculators (not even investors or residents), let them find their way out.
