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Originally Posted by gales0678
why not a "tax holiday" for every american
why do the people who bought houses that they could afford or the people who continued to rent because they knew thay couldn't afford a house bailout people who bought more house than they could afford?
we need housing prices to drop more now in all parts of the country, the quicker we get to the bottom the quicker the recovery will be, we can't put a band aid solution on all the foreclsoures , let the mkt for house prices fall to their natural levels
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You don't think they already have fallen enough? If people keep losing equity and home values keep plummeting, how can that be good? So many people are backwards on their mortgages, not because of anything they did wrong, but rather their homes have depreciated 30% in 2-3 years.