How To Fix The Housing Crises
Re-building The Economy: One Tear Down At A Time
There is no shortage of opinion around how to best go about correcting the housing problem in this country. And there's been a lot of talk about how to get this economy "moving again". A lot of talk on how to "re-build".
In it's simplest form, the current housing problem is one of supply vs. demand. There's a glut of over-priced inventory available for a shrinking pool of buyer finding it difficult to sort through the mess and, in many cases, even get a loan to finance a home.
The catch-22 is how to go about "re-building" a housing market when it's "building" that got us into this mess in the first place. The short term help for over-leveraged home owners is a "too little too late" answer to a problem that is more vast and complex than we're willing to recognize. Propping up prices by stemming...