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| Uhmmmm, Don, a lot of these houses are already at 30 years. You wanna go like the Japanese and do 100 yr intergenerational notes?
Here's the other deal, you hang the debt on these overpriced houses aruond these folks necks and keep it there? What other things is that preventing them from doing? I have a feeling a lot of these folks, especially the ones that don't have much or any equity( a lot) would be much better of to be foreclosed on and walk away.
"Bankers ought to able to discern which borrowers are worthy and which ones are not."
Bankers were pretty good at it till the Clintoon adminsration admonished them to make more loans to less worthy individuals.
Once again, a proposed govt solution to fix a problem the govt caused.
Edited by Pofarmer 2/6/2008 10:15
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An Excellent Comment-Sez it all.
