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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 02:56 PM Original message |
Could the Right to Rent Stop the Foreclosure Hurricane? |
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DJ13 (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:01 PM Response to Original message |
1. I think the original idea of cram downs on principle set by BK judges was better |
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uncommon (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:09 PM Response to Reply #1 |
4. As someone who works in BK law, primary mortgage cram downs are a VERY bad idea. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:15 PM Response to Reply #1 |
7. That's the ONLY thing that would have worked, but banks would have had to come clean |
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county worker (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:26 PM Response to Reply #1 |
10. My idea is to turn foreclosed mortgages into lease options. |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:06 PM Response to Original message |
2. In theory, that would be wonderful |
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greymattermom (680 posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:08 PM Response to Original message |
3. Refinance |
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Yupster (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 05:40 PM Response to Reply #3 |
15. The difference between the payment on a 30 year and 50 year mortgage |
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stopbush (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:09 PM Response to Original message |
5. Unless the rent payment was considerably less than the mortgage payment |
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Recursion (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:10 PM Response to Original message |
6. The question is how many people could still afford to rent? |
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stray cat (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:20 PM Response to Original message |
8. if house prices are allowed to plummet (Adjust to wages) renters can begin to buy |
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peacetalksforall (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:23 PM Response to Original message |
9. This is a crisis and requires crisis-ethical planning. While I suspect that |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 03:28 PM Response to Reply #9 |
11. and their fatcat friends come to them with big ole wads of cash |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 05:30 PM Response to Original message |
12. It's an interesting idea |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 05:32 PM Response to Original message |
13. Lenders would raise interest rates and/or loan fees across the board to compensate... |
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flvegan (1000+ posts) Send PM | Profile | Ignore | Wed Sep-22-10 05:35 PM Response to Original message |
14. A simple mandatory loan interest rate |
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