Monday, December 19, 2011

More on the US Housing Crisis

If any of you saw 60 Minutes last night, you probably saw the segment wherein the city of Cleveland has identified 10,000 houses that have been abandoned by owners who were far under water – homes that were then gutted and destroyed by vandals and thieves. Cleveland has already taken down 2,000 of these festering hulks, and intends to break up and remove all the rest.

City officials saw that the existence of these wrecked homes was destroying the housing values of nearby homes that were in good shape and were occupied by their owners. They decided that radical action was necessary to save the values of these still-occupied homes. These officials are to be commended for showing some courage in a situation that is unprecedented.

Radical action is also needed to save the country from years of suffering and, perhaps, from the kind of violent, revolutionary activities and the toying with communism that marked the years of the Great Depression.

I was very disappointed when not one of my readers commented on a radical plan that I support that will solve the housing crisis almost overnight. Perhaps you were surprised and embarrassed that a conservative person like myself would support a plan that smacks of extreme socialism. It’s because I think the situation that confronts us is that serious.

Please re-read the following article at this link:


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At 3:01 PM, Anonymous Anonymous said...

Is it just me or do I sense that the more the government gets involved with something, especially something that should be market driven, it makes a bad situation worse?

Of course, when you have a socialist/communist as leader (as in Obama) the situation of more government involement will get much worse.

At 3:06 PM, Anonymous Joe said...

The only way to solve the housing crisis is to be rid of Obama. Things are so bad right now that thieves are stealing Catalytic converters off vehicles in parking lots. Three houses in my neighborhood were broken into recently just for the copper pipes. I can't ever remember things being this bad. Obama has to be the worse US President in history. If we can get a decent GOP candidate in there, I think that things can turn around. If not, we're doomed.

At 3:50 PM, Anonymous Anonymous said...

The first commentor is correct. The more government gets involved the worse it will be.

Rather read this article:

Ed K


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