Solving the Foreclosure Crisis

From 2006 to 2008, the number of foreclosures by family has increased from 268, 532 to 4 million. This is a 5-fold expansion (GDAE man 2008). There are many factors that contribute to its magnificent growth, and it takes a lot of effort before the housing market changes. Many families are where they need loan modifications, but representatives of American banks say that A 's B handles the house faced with foreclosure for the first time.

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.

Over the past decade, we have seen a number of initiatives to solve social and economic problems. In order to truly solve the foreclosure crisis it is necessary to revitalize the American spirit. Society as a whole has problems in every era and decade. Social problems such as the world war in the 1940s, the Cold War of the 1950s, the protest of the 1960s and the decade of civil rights, the energy crisis of the 1970s, and the AIDS of the 1980s. - Wilkinson & Pickett (W & P) claims that society as a whole will become healthier, more successful, and happier if the gap between the wealthy and the poor grows. The "spiritual books" they wrote in 2010 are one of the most influential social policy books ever, and that not only influences inequality on the bottom of the ladder, I believe it will affect people. If social indicators are more equal in society as a whole, rich countries will make better results