29 Aug '11, 6am

How To Solve The Housing Crisis? | Care2 Causes

How To Solve The Housing Crisis? | Care2 Causes

The economy continues to suffer, and one piece that no one seems to be able to agree on how to address is what to do with our continually failing housing market. With no ability to sell homes due to underwater mortgages, people are trapped in areas they may no longer wish to live in, unable to leave to other cities that might have better job opportunities or purchase different homes that would better fit the size of their families, opening up smaller homes for singles and couples just starting out, or retirees who finally have an empty nest. For those who purchased a home for the first time in 2005 and 2006, many have seen the housing value fall as much as 50%, leaving them through no fault of their own with desperately undervalued homes they will be stuck in until they eventually hit a point of positive equity — a point that for many of them still lies 20 years down the r...

Full article: http://www.care2.com/causes/how-to-solve-the-housing-cris...

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