Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,752,651 times
Reputation: 3587
Advertisements
This is an idea that I thought of- instead of tossing all the billions at trying to boost home values on the mortgage side, why not instead insure home values at the purchase price for homeowners? If the government were to insure homes at the price you buy them at- much like the FDIC does with banks- and you know your home can never lose value, this would do more to boost confidence in the markets than anything else. What do you think?
Why should the gov't insure something that someone bought when it was overpriced? Should they also insure the Mac mansions that 2 people are living in? Homes should lose value if your neighborhood goes to crap, if there are no jobs there, etc. Real estate is not a guaranteed investment.
Price controls are insane. There should be no support for residential real estate, something which is a consumable and produces nothing. Government guarantees are why we have an economic mess. Get the government out of the market and let prices fall. Real estate can never be too low.
This is an idea that I thought of- instead of tossing all the billions at trying to boost home values on the mortgage side, why not instead insure home values at the purchase price for homeowners? If the government were to insure homes at the price you buy them at- much like the FDIC does with banks- and you know your home can never lose value, this would do more to boost confidence in the markets than anything else. What do you think?
I think that is absurd!
BUT if this ever happened, the homes should be deed restricted and when the homeowner goes to sell their property they can only make a certain amount of profit by law. I'd say 1% per year. The property should also be owner occupied only.
the govt should stop in aiding in creating articially high prices for homes (artifically low interest rates coupled with tax incentives for home owners- basically selling people on the idea they everyone deserves a home)
Lets be blunt. The government should just stop interfering with businesses and housing. If a person or company screws up then it's their fault. Let it fall on it's own and let's get this mess cleaned up. The more government interference the longer this will all last. Rip that band aid off and let us begin to heal.
What do you have against prices dropping until home prices get in line w/avg incomes?
great question, i'd love the real estate cheerleading crew to answer that one. fmv, you around?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
