A Solution To the Foreclosure Crisis

Since the big deficit in economic history, the foreclosure crisis has reached new heights. In 2008, the US foreclosure ratio rose by more than 81%, and 861,664 families lost foreclosure (Les Christie). In addition, 54 households last year received foreclosure notice (Les Christie). So what is the solution? Bold action is necessary to solve this serious problem. I recommend temporarily stopping "stop real estate" temporarily, as Roosevelt did during the "bank holiday" of the Great Depression.

In fact, there is no simple solution to the foreclosure crisis, but there are ways to mitigate the crisis by developing the right incentives. The community should have the option of using the "community repurchase" policy. This policy is what I am thinking and I think that it is a policy that works well in a normal way. People know that foreclosed property reduces the value of surrounding property. - Residential microfinance "Insufficient health and housing supply are threatening the life and health of about 600 million urban residents around the world" - CGAP (Bonnie Brusky) This research focuses on innovation in residential microfinance I will hit you. Residential microfinance is useful for lending to individuals with weak infrastructure. This type of micro loan helps improve the standard of living.

The problem of solving the foreclosure crisis first raised the question "Is there really a foreclosure crisis?" The crisis is indeed in danger, but it is not caused by foreclosure of mortgage loans. . Foreclosure is a mechanism to deal with debts that people can not borrow. The potential impact of housing foreclosure (slowing down by the "affordable family plan" of the Obama administration) is actually a market, not a debt but a crisis. The history of the world economy has experienced sovereign debt crises such as Latin America in the 1980s, Russia in the latter half of the 1990s, and Argentina in the early '00s. The debt crisis in Europe is the most important thing in the business world since 2010.