I have no idea if this would work at all or what the exact details would be. But here it goes:
The government is about to spend a bunch of money trying to stabilize the economy and the housing market in particular. One approach is to deal directly with the banks, but that's questionable since they are the ones that took the risk. Another is to deal with the people who took on loans they cannot pay, but that again gets in the world of rewarding people who took risks (bit fuzzier in this case). Also it is probably harder to know where to target payments in order to maximize the impact on the economy. But there is a group that everyone agrees should be supported - as I'm told over and over by bumper stickers.
So here's the crazy idea - setup a program to help veterans buy homes. Probably couldn't be the whole fix, but helping a large group of people purchase homes might do a lot to stabilize prices and keep those mortgages owned by banks from dropping too far in value. I know hospitals and education and other stuff is really what veterans need to help with returning from combat, but I bet being able to buy a house wouldn't hurt. Plus, for once I would understand what the heck those bumper stickers are telling me to do.
Thursday, September 25, 2008
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