Economic Headlines Stretch Limits of Imagination

soundtracks

+1

soundtracks of AL @ Jul 17, 2009 05:41:15 AM

cialis

Great topic. Now i can say thank you

cialis of AL @ Jul 16, 2009 06:05:27 AM

tramadol plus valium plus somas

Very interesting site. Hope it will always be alive!

tramadol plus valium plus somas of UT @ Jul 04, 2009 08:08:04 AM

buy tramadol online without a prescription

Very interesting site. Hope it will always be alive!

buy tramadol online without a prescription of IN @ Jul 02, 2009 16:41:15 PM

A Functional Plan versus Pandering

To get the economy rolling again we need money to start flowing from the institutions and the housing market to cycle inventory so that there are manufacturing demands. The government has already appropriated the money for lending, but may need to force their leverage to get it flowing.

What I propose they start for a housing stimulus is a program that would pay 2% of the interest for new mortgages (example; 5 years of 2% payments for existing home purchases / 8 years of payment for new home purchases with a $200K maximum). These mortgages could be piggybacked with a secondary loan for those qualified and interested in the jumbo market. This program would only be available for a 3 - 6 month window of opportunity. This would entice people to BUY NOW, instead of sitting on their hands, waiting on prices to continually drop. A person could sell their house as the payment term ends with no prepayment penalty, so that they could retain their equity (building wealth for investment), or they would just continue at the original rate of the loan (building more equity). Incomes should increase during the time of the payment program, which would allow a homeowner the opportunity to meet their original obligations. A program for refi (2% for 3 years?) could also be effective in helping people with a straining mortgage stay in their residence, warding off foreclosure.

One of the pros for the government is that this program would allow for pay out over 5 - 8 years as opposed to dropping a $trillion dollars in a relative short period of time.

As an example, using simple mortgage calculations; A $200K loan for 30 years at 5.25% equals a monthly P&I of $1,104.41. A $200K loan for 30 years at 3.25% equals a monthly P&I of $870.41. A person would only pay 79% of what they would normally pay for this mortgage. The government would pay $2,808.00 per calendar year. If they helped SELL one million homes in this manner, it would only equate to $2.808 Billion of bail per year. This would equate to $200 billion in residential sales, untold return in tax base revenues, the reduction of housing inventories, new construction starts and a stimulation of the manufacturing sector with the new demand for appliances, HVAC units and other housing related concerns.

Please quit using our money to pander for votes by purchasing them with a $500.00 gratis or $1000.00 tax credit.

Larry A. Wright of AL @ Jan 10, 2009 11:17:59 AM

And naturally, it's from BSNBC.

Dave of TX @ Jan 10, 2009 09:52:31 AM