Hillary Clinton supports freezing foreclosures, what effect would that have on the economy?

What effect would freezing foreclosures have on the economy short and long term? is it a good idea?

By | 2013-08-27T03:21:03+00:00 August 27th, 2013|Mortgages Home Loans Interest Rate|2 Comments

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  1. Heywood August 27, 2013 at 4:56 AM - Reply

    In every economy, there have to be tops and bottoms. The real estate business had a top that went way beyond a normal business cycle top. Therefore, the bottom is going to be painful until we shake out all the excesses of the over-exuberance of the past.

    Forcing a stop to all foreclosures puts a temporary halt on the shake out that is necessary for the real estate and banking markets to self-correct. It won’t correct the problem caused by the banks who made stupid loans. In the long run, stopping foreclosures will prolong the time it would take to recover from this bottom.

  2. Sam G August 27, 2013 at 4:13 AM - Reply

    She will be another Dicky Nixon. Chaos!!!

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