The problem is not the cost of homes any longer. The heart of the problem lies in the fact that people can no longer afford homes. For most.. it doesn't matter what we do in financing. This program, and any other, will not help housing recover. The problem we face is now almost entirely linked to jobs and not just any jobs but higher paying jobs. People need the income to purchase without a lot of gimmicks. These proposals are, at best, are a temporary fix for a few.
The proposal isn't taking into account the reason people are not buying homes, or any kind of real estate. There are terrific bargains out there but if you don't have a job and your credit is ruined, how are you going to buy anything? Reducing the cost of purchasing doesn't fix the underlying problem. It doesn't offer you a job.
The way out of this depression is through re-building our economic base for all Americans. We have to create good paying jobs that will stabilize the lives of most Americans. In other words, we have to rebuild our manufacturing....we have to rebuild the country. This means that we have to get all those companies that have out sourced jobs and plants to bring them home again. The way that we do that is to have a crisis summit and lay on the table the dire situation we are in and that the burden most be shared by everyone. Sacrifice is the word. We can't provide all the perks these people have enjoyed and save the country.
We are at a time when this country will survive and remain strong, or others will take our place. We need all of the above plus a HUGE endeavor placed properly on education. The truth is we have failed miserably in educating our people. The educational system has to be completely over-hauled by those who realize it is not doing the job. Our educational system is a complete failure.
In short we need good paying jobs and a well educated citizen.
Sunday, September 19, 2010
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