Comments on: How the Government can Fix the “Foreclosure Crisis” http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 05:34:24 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Florida Broker/Appraiser http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-59583 Florida Broker/Appraiser Thu, 27 Aug 2009 15:05:38 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-59583 In order to FIX the nation's foreclosure problem one must FIRST understand what continues to DRIVE it. <br><br>The Foreclosure Mess - A PROPOSED SOLUTION<br><a href="http://www.the-office.com/foreclosure-solution.htm" rel="nofollow">http://www.the-office.com/foreclosure-solution.htm</a><br><br>"WE CAN KEEP PEOPLE IN THEIR HOMES -<br>LET LENDERS PROFIT LATER FOR EASING TERMS NOW"<br>By Andrew Caplin, Thomas Cooley, Noel Cunningham, and Mitchell Engler<br><br>(Mr. Caplin is an economics professor and co-director of the Center for Experimental Social Science at New York University. Mr. Cooley is dean of the Stern School of Business at NYU. Mr. Cunningham is a law professor at NYU. Mr. Engler is a professor at the Benjamin. N. Cardozo School of Law.) In order to FIX the nation's foreclosure problem one must FIRST understand what continues to DRIVE it.

The Foreclosure Mess – A PROPOSED SOLUTION
http://www.the-office.com/foreclosure-solution.htm

“WE CAN KEEP PEOPLE IN THEIR HOMES -
LET LENDERS PROFIT LATER FOR EASING TERMS NOW”
By Andrew Caplin, Thomas Cooley, Noel Cunningham, and Mitchell Engler

(Mr. Caplin is an economics professor and co-director of the Center for Experimental Social Science at New York University. Mr. Cooley is dean of the Stern School of Business at NYU. Mr. Cunningham is a law professor at NYU. Mr. Engler is a professor at the Benjamin. N. Cardozo School of Law.)

]]> By: Florida Broker/Appraiser http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-58968 Florida Broker/Appraiser Thu, 27 Aug 2009 13:05:38 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-58968 In order to FIX the nation's foreclosure problem one must FIRST understand what continues to DRIVE it. <br><br>The Foreclosure Mess - A PROPOSED SOLUTION<br><a href="http://www.the-office.com/foreclosure-solution.htm" rel="nofollow">http://www.the-office.com/foreclosure-solution.htm</a><br><br>"WE CAN KEEP PEOPLE IN THEIR HOMES -<br>LET LENDERS PROFIT LATER FOR EASING TERMS NOW"<br>By Andrew Caplin, Thomas Cooley, Noel Cunningham, and Mitchell Engler<br><br>(Mr. Caplin is an economics professor and co-director of the Center for Experimental Social Science at New York University. Mr. Cooley is dean of the Stern School of Business at NYU. Mr. Cunningham is a law professor at NYU. Mr. Engler is a professor at the Benjamin. N. Cardozo School of Law.) In order to FIX the nation's foreclosure problem one must FIRST understand what continues to DRIVE it.

The Foreclosure Mess – A PROPOSED SOLUTION
http://www.the-office.com/foreclosure-solution.htm

“WE CAN KEEP PEOPLE IN THEIR HOMES -
LET LENDERS PROFIT LATER FOR EASING TERMS NOW”
By Andrew Caplin, Thomas Cooley, Noel Cunningham, and Mitchell Engler

(Mr. Caplin is an economics professor and co-director of the Center for Experimental Social Science at New York University. Mr. Cooley is dean of the Stern School of Business at NYU. Mr. Cunningham is a law professor at NYU. Mr. Engler is a professor at the Benjamin. N. Cardozo School of Law.)

]]> By: Kate http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-58126 Kate Fri, 24 Jul 2009 03:22:22 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-58126 Or just use wordpress 2.8, I think it has spam filters built in Or just use wordpress 2.8, I think it has spam filters built in

]]> By: Montana http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-58125 Montana Fri, 24 Jul 2009 03:21:19 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-58125 Lol @ all the short url spamming. Man, you need to get a spam filter :) Lol @ all the short url spamming. Man, you need to get a spam filter :)

]]> By: jamesgallagher http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-57893 jamesgallagher Mon, 13 Jul 2009 06:39:34 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-57893 Politicians aren't as interested in solutions to problems as they are interested in appearing to be doing something. Affordable housing is a perfect example. In my neck of the woods (CA) politicians have been screaming for years about the overiding need for affordable housing. Well now we have it but they don't want to talk about affordability anymore. Politicians weren't really interested in affordable housing they were interested in being perceived as caring about affordable housing. The market has delivered exactly what the wanted but they aren't happy. The incredible thing is that is is the law of unintended consequences that created the affordable housing. Bad lending policy designed to increase home ownership leads to unaffordable housing but is unsustainable so the invisible hand of the market bitchslaps the housing market. The unintended consequence of their attempts to create affordable housing worked but they did it the hard way. Politicians aren't as interested in solutions to problems as they are interested in appearing to be doing something. Affordable housing is a perfect example. In my neck of the woods (CA) politicians have been screaming for years about the overiding need for affordable housing. Well now we have it but they don't want to talk about affordability anymore. Politicians weren't really interested in affordable housing they were interested in being perceived as caring about affordable housing. The market has delivered exactly what the wanted but they aren't happy. The incredible thing is that is is the law of unintended consequences that created the affordable housing. Bad lending policy designed to increase home ownership leads to unaffordable housing but is unsustainable so the invisible hand of the market bitchslaps the housing market. The unintended consequence of their attempts to create affordable housing worked but they did it the hard way.

]]> By: Aaron@Water Tanks http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-57722 Aaron@Water Tanks Thu, 09 Jul 2009 00:13:21 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-57722 Great post Jay. It doesn't really matter if the government fixes the problem or not, given time, the real estate market will improve due to the equilibrium between supply and demand that you explained. Just have to bare the economic pain until that time. *<em>*<em>Aaron´s last blog post..<a href="http://rainwatertanksinadelaide.com.au/metal-rainwater-tanks-in-adelaide">Metal Rainwater Tanks in Adelaide</a></em></abbr></abbr></em> Great post Jay.

It doesn’t really matter if the government fixes the problem or not, given time, the real estate market will improve due to the equilibrium between supply and demand that you explained. Just have to bare the economic pain until that time.

**Aaron´s last blog post..Metal Rainwater Tanks in Adelaide

]]> By: A Conversation about the Charlottesville Real Estate Market | Real Central VA http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-57056 A Conversation about the Charlottesville Real Estate Market | Real Central VA Wed, 24 Jun 2009 16:08:48 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-57056 [...] How the Government can Fix the "Foreclosure Crisis" (hint: DON"T) [...] [...] How the Government can Fix the "Foreclosure Crisis" (hint: DON"T) [...]

]]> By: Jason Humpal-Loveland Real Estate http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-57002 Jason Humpal-Loveland Real Estate Mon, 22 Jun 2009 20:59:46 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-57002 I agree with you; the economy will take care of itself if we allow it to just work out the supply and demand ratio. And no matter what we do to try to "fix" it, the economy will do what it needs to do to get healthy, regardless of bailouts. I agree with you; the economy will take care of itself if we allow it to just work out the supply and demand ratio. And no matter what we do to try to “fix” it, the economy will do what it needs to do to get healthy, regardless of bailouts.

]]> By: Logan@assurance deces http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-56704 Logan@assurance deces Wed, 17 Jun 2009 16:19:16 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-56704 The economy is a circular cycle and recession is just a part of it. So, one of these days the economy will definitely get better whether we like it or not. And even if we don't do anything about it. The economy is a circular cycle and recession is just a part of it. So, one of these days the economy will definitely get better whether we like it or not. And even if we don’t do anything about it.

]]> By: Leon Blenky-Miami Beach Luxury Homes http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/#comment-56561 Leon Blenky-Miami Beach Luxury Homes Mon, 15 Jun 2009 06:14:18 +0000 http://www.phoenixrealestateguy.com/how-the-government-can-fix-the-foreclosure-crisis/2355#comment-56561 Letting the economy ride itself out is one if the smartest bits of economic advice I have heard out there-it is one Dave Ramsey is pushing for, along with other economic "pros"-and in the long run, it looks like no matter the amount of bailouts given, the economy is going to do what it has to do-either now or later-but it will happen. *<em>*<em>Leon Blenky-Miami Beach Luxury Homes´s last blog post..<a href="http://blog.sunnyislesmiamirealestate.com/sunny-isles-real-estate/acqualina-condo-hotel-in-sunny-isles-beach-presents-great-wine/">Acqualina Condo Hotel In Sunny Isles Beach Presents Great Wine Tasting</a></em></abbr></abbr></em> Letting the economy ride itself out is one if the smartest bits of economic advice I have heard out there-it is one Dave Ramsey is pushing for, along with other economic “pros”-and in the long run, it looks like no matter the amount of bailouts given, the economy is going to do what it has to do-either now or later-but it will happen.

**Leon Blenky-Miami Beach Luxury Homes´s last blog post..Acqualina Condo Hotel In Sunny Isles Beach Presents Great Wine Tasting

]]>