Comments on: Housing Still In Trouble Redux http://www.topfinanceblog.com/housing-still-in-trouble-2/ Financial News, Information, and Commentary Wed, 28 Jul 2010 02:49:03 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Mitch http://www.topfinanceblog.com/housing-still-in-trouble-2/comment-page-1/#comment-1197 Mitch Fri, 20 Nov 2009 19:48:57 +0000 http://www.topfinanceblog.com/?p=556#comment-1197 I don't disagree with you, Tim. I love the plans, but if they don't work end them and let's try something else. I think we all just want things to work that benefit everyone. I don’t disagree with you, Tim. I love the plans, but if they don’t work end them and let’s try something else. I think we all just want things to work that benefit everyone.

]]> By: Tim Manni http://www.topfinanceblog.com/housing-still-in-trouble-2/comment-page-1/#comment-1196 Tim Manni Fri, 20 Nov 2009 17:08:10 +0000 http://www.topfinanceblog.com/?p=556#comment-1196 Hey Mitch, Here are some numbers to think about. According to a recent report from the Congressional Budget Office, the govt has spent $230 billion on housing rescue initiatives in 2009 (that number doesn't include money for Fannie/Freddie, FHA, subsidized rates, etc.). Based on the national median home price, Washington could have bought about 1.3 million homes outright. If that happened, there would be a lot less redefaults and trial-only mods to deal with. It may sound crazy, but what's crazy is dumping billion after billion into programs that aren't working. Thanks, Tim Hey Mitch,

Here are some numbers to think about. According to a recent report from the Congressional Budget Office, the govt has spent $230 billion on housing rescue initiatives in 2009 (that number doesn’t include money for Fannie/Freddie, FHA, subsidized rates, etc.).

Based on the national median home price, Washington could have bought about 1.3 million homes outright. If that happened, there would be a lot less redefaults and trial-only mods to deal with.

It may sound crazy, but what’s crazy is dumping billion after billion into programs that aren’t working.

Thanks,
Tim

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