Rewarding Bad Behavior and Putting Tax Payers at risk?

The WSJ had a good article describing the options open to the Obama 

Administration to speed up the housing recovery. From my read, all the
options are rewarding bad behavior or putting more of the tax payers
money at risk. We need to deal evenly with everyone rather than just
bail out bad or underwater borrowers. Any attempt to prop up folks at
the bottom is unfair to the people who have made their mortgage
payments and stayed in their homes.

I keep wondering what we could do that will help but is FAIR: Why not
reset everyone’s mortgage at a 4% fixed rate? Can you think of another
creative fix?

Here is a link to the article:
http://online.wsj.com/article/SB10001424052702304584404576440033488980192.htm… Barry Bevis, Broker/Realtor
C-850-491-3600
F-877-870-9066
www.BevisRealty.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s