We have been hearing financial bailouts being spread as far as the world of business is concerned but what about their branch concerning real estate and properties? People are in need of assistance too and surely many of them are in danger of losing their homes if no form of assistance is extended to mortgage problems.
Surely it seems that all walks of life are in need of bailouts. But while the monetary funds have been released, it is curious to note that these requests are short of saying to the government “Please Help Us All!”
Why? For one, you can just recall that one of the problems that contributed to the financial debacle of most financial groups are bad debts coming from mortgages and unsettled loans. So if the government should help, would it not look weird to save the banks and then save the people in need of assistance as well?
For sure more light on this matter of housing bailout will be talked about in the next couple of days. But for sure, it doesn’t take a genius to notice that housing bailouts seem to be asking too much although it does not necessarily cover all.
"The last thing we want to do is manipulate home prices," said Paul Willen, an economist at the Federal Reserve Bank of Boston, and co-author of a recent study showing that foreclosures are following an historical pattern, not causing an unprecedented death spiral. "They need to find a level where homes become affordable, and buyers return."
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