But instead of conferring a windfall, suppose the gov assumed an equity interest in the property equal to its infusion of funds? Then nobody is forced to move and has no motivation to participate unless they are having trouble with payments.
> if you launch a government program to take care of the mortgage for > delinquent subprime borrowers, then the category of "non-delinquent > subprime borrowers" is going to shrink to zero pretty quick, and the > category of "prime borrowers" is going to see quite significant migration > to "subprime". I think these forseeable dynamic effects could make > enough of a difference to the total cost of Julio's package to stop it > dead in the water. > > best > dd > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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