HOUSING,HOUSING,HOUSING

Latest Shared Item: It's Housing Stupid

Since I started blogging, I have always been pointing out that the life and blood of this economy is housing and before , I was scratching my head why , with all these brilliant minds, cannot put a transparent and simple solutions to this problem. Way back '07, I have been advocating for a "short sale refi"(please see my blog on 3/5/08) so that there will not be a tremendous number of foreclosures; refinance the property irregardless of income and credit report and close the transaction within thirty days.Henceforth, the homewners need not move and continue their payment that is affordable. Six months after, it's getting its way to mainstream like a trickle of water from a turned-off faucet since the full enactment is not until October. In the meantime, the gush of foreclosed properties continue like there is no tomorrow.

Lately, my blog was urging anybody who will listen to provide an array of loan menus for those truly deserving homebuyers .. this remains to be seen... and yes, some very brilliant writers from Wall Street realized what the problem is... It's housing stupid!!! Now I AM ALMOST READY TO PULL MY HAIR IN FRUSTRATION!!!!!