posted on Sep, 8 2011 @ 01:05 PM
I was just watching the republican candidates debate and one of the candidates said "if we want to raise real estate values". This made me think
"hold on". Why would we want to raise the "value" (price) of real estate. It seems to me that the real economic issue in this country is that
regular people can't pay their ####ing rent, hence the foreclosures.
It doesn't seem like the problem is that the prices rose too fast, and created a "bubble". If you ask me the problem is that the prices rose as
much as they did... period. How do you make money on housing that people can't afford. Never before was realestate this market gamble investment
scheme. It's where people live. If you ask me we should be trying to lower real estate prices, and we should wipe out everyones mortgage debt and
start from scratch. We'll say that the bailout was how we made good on our loans, and we start from scratch.
Or we should at least wait for the prices to bottom out, and then force all the banks to refinance peoples loans, based on the current value of the
home. You can say that that is socialist, or fascist, but we already took billions and billions of taxpayer dollars and gave it to these banks, so I
say we've made good on the loans.