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Oct. 24, 2011

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President Obama came to my neighborhood today and announced what will be another fail attempt to fix the housing crisis. Banks will drag their feet as usual to help struggling homeowners and won't take you seriously until you are late. Once you are late then they will say you don't qualify.

Our current economy is asking people to find a job or two, work hard to increase their income so that they can pay the mortgage on a house that will be under water for the next 10 years? On top of that, also asking consumers to spend more on goods to help local businesses, never mind that food cost and gas is going up and our saving is earning nothing but fees and fees. Come on, get real!

Want to fix this economy? Banks need to refi plus reduce mortgage principle so people can expect brighter outlook on their financial situation. Once that happens, they will spend again.

(Suggest removal) 10/24/11 at 7:51 p.m.

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