now that Ive thought about it, I dont know what the solution is.
At first it seems reasonable to allow the homeowner to remortgage the home at the current deflated prices.
Then what about the homeowners that have kept up with their mortage payments? Is it fair for them to continue to pay the bubble price, while their neighbor gets a better deal?
now that Ive thought about it, I dont know what the solution is.
At first it seems reasonable to allow the homeowner to remortgage the home at the current deflated prices.
Then what about the homeowners that have kept up with their mortage payments? Is it fair for them to continue to pay the bubble price, while their neighbor gets a better deal?
well at least the banks were bailed out and are ok