So the rescue plan basically helps those who made a mistake buying a home at an inflated value and cannot keep up with the payment. One one side it may (just may) buy us some time before the economy slipped further; on the other side all is paying for the mistake that some made, and the some bas consequences such as national debt and dropping dollar value seem unavoidable.
I can't say I'm all for the plan. While people are losing jobs and home prices continue to drop, it makes no sense for some to stay put, foreclosure actually sounds like a better idea.
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I can't say I'm all for the plan. While people are losing jobs and home prices continue to drop, it makes no sense for some to stay put, foreclosure actually sounds like a better idea.