To: rabscuttle385
I have a better idea.
How about giving the money to those of us who put 20%+ down on a house that was within reason of our income in the form of shares in a REIT. The REIT in turn can go out a purchase the distressed properties and give the current owners an opportunity to “rent-to-own” within 5 years. Whatever profit is made accrues to the REIT investors, the people who made the smart decisions in the first place.
I resent getting charged for others criminality.
20 posted on
11/16/2008 11:23:25 AM PST by
Incorrigible
(If I lead, follow me; If I pause, push me; If I retreat, kill me.)
To: Incorrigible
That is an Excellent conservative-based solution to the problem. You should be running the chicken-sh&^ outfit currently running this bailout!
Cudos to you!
How about giving the money to those of us who put 20%+ down on a house that was within reason of our income in the form of shares in a REIT. The REIT in turn can go out a purchase the distressed properties and give the current owners an opportunity to “rent-to-own” within 5 years. Whatever profit is made accrues to the REIT investors, the people who made the smart decisions in the first place
106 posted on
11/16/2008 5:19:04 PM PST by
F. dAnconia
(We say: "It is, therefore, I want it. They say: "I want it, therefore it is")
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