02-18-2009, 04:36 PM
Gutenberg wrote:
Your state is second only to Nevada in foreclosures, SDGuy. You think that's good for your state?
As long as the government tries to price homes we will sink deeper in this hole. Deep down that is what this plan does. Foreclosure is simply selling a house at a price that someone is willing to buy. None of the foreclosed properties will remain vacant so that is a red herring. People who lived there will go on and rent someplace. They won't end up on the street somewhere. Another red herring.
In the meantime, my children can afford a house, the builders will stop building houses no one wants and we will reach an equilibrium.