You thought you knew what was wrong with the market. All the news outlets told you what the problem is and how it can be solved. Obama is going to throw billions of dollars at bad loans.
Sure all of that is bad, but the real problem with the today’s housing market is…… Read more…
Can someone please explain to me why this matters? These people bought their homes at X, and now their homes are worth less than X. If they are allowed to refinance at the current value, their equity will shoot up when the marketing comes back to life.
100% (fake stat) of people that finance cars owe more than their cars value. The only difference is the car value will not go up, but the house value will. Hell, I owe more on my car than it’s worth. Where is my government bailout? I want my cheese Obama. I’ll take cash, check, paypal.