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:
طراحی سایت
Hi would you mind stating which site system you are working with? I’m arranging to start off my possess blog before long but I’m getting a challenging time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The explanation I question is due…
خرید vpn
Do you have a spam difficulty on this weblog I also am a blogger, and I was wanting to know your situation we have created some great techniques and we are seeking to swap strategies with other people, be positive to shoot me an email if interested.
هاست
[…]usually posts some quite interesting stuff like this. If youre new to this site[…]
100% Kon coffee
[…]below youll discover the link to some internet sites that we feel you ought to visit[…]
best 100%
[…]The facts mentioned inside the write-up are a few of the most effective out there […]
خرید vpn وی پی ان کریو
Hello there! Do you know if they make any plugins to support with Search engine optimisation? I’m making an attempt to get my blog to rank for some qualified keywords and phrases but I’m not looking at extremely great gains. If you know of any make sur…
Going Here
[…]Here is a good Blog You might Come across Exciting that we Encourage You[…]
grand canyon
[…]Here is a great Blog You may Come across Intriguing that we Encourage You[…]
سئو
I completely love your blog and uncover a whole lot of your post’s to be precisely I’m hunting for. Does 1 provide guest writers to publish content material obtainable for you? I would not mind making a publish or elaborating on a couple of of the subj…
خرید vpn
even though internet sites we backlink to below are significantly not associated to ours, we truly feel they are in fact actually well worth a go through, so have a search
تولید محتوا
right here are some hyperlinks to net webpages that we link to for the purpose that we feel they may be genuinely really worth browsing
coffee beans
[…]that is the finish of this article. Here you will find some websites that we consider you will value, just click the hyperlinks over[…]
100 kona coffee
[…]one of our visitors just lately proposed the following website[…]
Tratamento Dependência Química
[…]here are some hyperlinks to web-sites that we link to since we believe they are really worth visiting[…]
خرید کریو
We completely enjoy your blog and discover virtually all of your post’s to be what specifically I’m looking for. Does one supply guest writers to compose articles for you? I wouldn’t thoughts producing a publish or elaborating on a great deal of the to…