In a broader piece on why we should allow the foreclosure process to continue unimpeded for the benefit of all involved, Barry hits on something that I’ve thought about myself: People who don’t belong in the home they’re hanging onto in the first place aren’t doing their local economies any favors:
From The Big Picture:
• Increasing Economic Activity: The areas of the country with the greatest foreclosure rates have seen a big increase in real estate activity. Look at California and Florida — they have seen enormous upticks in RE activity versus the lower foreclosure states.
When someone purchases a home they actually can afford, they end up spending quite a bit of money on additional goods and services. They do renovations, hire contractors, make durable goods purchases, they paint and repair, they buy cars, they spend money in the local community.
The people who are hanging on by their fingernails, however, do none of these things. They end up paying a vastly disproportionate amount of their incomes to service their mortgages. This is not productive economic activity.
There is a legitimate case to be made here and it is, of course, a Free Market argument. Click over to TBP for some other reasons why extend and pretend is not helping anyone but the banks.
Source:
hp printer drivers
[…]Here are a number of the web-sites we advise for our visitors[…]
adam and eve reviews
[…]one of our visitors a short while ago proposed the following website[…]
تبلیغ در گوگل ادوردز
Hello there! Do you know if they make any plugins to help with Research Motor Optimization? I’m attempting to get my weblog to rank for some qualified keywords but I’m not seeing quite very good results. If you know of any please share. Enjoy it!
خرید طلا
Superb website! I located it although searching on Yahoo News. Do you have any guidelines on how to get shown in Yahoo News? I’ve been trying for a although but I never ever appear to get there! Thank you
خرید دوربین مدار بسته
Great site! I discovered it whilst browsing about on Yahoo News. Do you have any recommendations on how to get outlined in Yahoo Information? I have been attempting for a whilst but I never ever seem to be to get there! Cheers
خرید کولر صنعتی
Every single following in a even even though we opt for blogs that we read through. Shown below are the most present world wide web internet sites that we decide for
bdsm kit
[…]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless seriously worth taking a search, whoa did one particular master about Mid East has got extra problerms at the same time […]
clit sex
[…]that may be the finish of this report. Right here you will uncover some web sites that we assume you will enjoy, just click the hyperlinks over[…]
intense vibrator
[…]Every the moment inside a when we select blogs that we read. Listed below are the latest websites that we select […]
vibrator
[…]we like to honor a lot of other internet internet sites around the web, even when they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
beauty
[…]we prefer to honor lots of other net internet sites around the internet, even if they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
credit report
[…]although internet sites we backlink to beneath are considerably not connected to ours, we feel they’re in fact really worth a go by way of, so possess a look[…]
things you should never do with a newborn
[…]that would be the end of this article. Here youll find some sites that we consider youll value, just click the hyperlinks over[…]
natural health alternative therapies
[…]Wonderful story, reckoned we could combine some unrelated information, nevertheless really really worth taking a look, whoa did 1 understand about Mid East has got more problerms also […]
lose weight quickly
[…]Sites of interest we’ve a link to[…]