Colli Real Estate

Has our government chosen the most difficult and expensive solution to the current economic crisis?

Could we have avoided the current economic crisis? When the serious problems began with defaults on mortgages if the government had taken immediate action and required the lenders to restructure those loans to fixed rate 40 year loans could this mess have been avoided? As it is now the lenders have been bailed out and the taxpayers are stuck with the bad debt. How will we collect? Will we collect? If collected will the “trickle down” philosophy be applied, how, will each taxpayer receive a payout?

This spiraling downward of the economy began3-4 years ago with the rising cost of oil and energy. When we had to begin paying such an amount, we all stopped spending so much, we had to cut back. Now banks have been practicing this type of loaning for some time now, and what gets these young buyers is that they buy into these what I call balloon payments, where you have a certain price each month like 1,000, and you pay this amount for 6-7 years, then at the end of that those payments go up significantly to around 1,500-2,000 a month, and this become a shock to these couples, and they are not making that amount of money to support that type of mortgage payment, because usually the wife is working when they buy and they she stops to raise the children, and when the new payment comes around, one salary just isn’t going to make those payments. If these young couples do not obtain a fixed mortgage rate, then they are really screwing themselves, unless they refinance, and then you have lost all p[principle that you have paid in. But the banks let these couples do this because they make huge amounts of money financing this way.

Merkley Discusses Solutions to the Mortgage Crisis

The Mortgage Crisis $21.45 This is an exploration of the United States sub prime mortgage crisis. Examines the background and timeline of events…

Subprime Mortgage Fraud And The U.s. Economic Crisis $90.95 Subprime Mortgage Fraud And The U.s. Economic Crisis

The American Housing Crisis (Hardcover) $49.99 Discusses issues relating to the current housing and mortgage crisis in the United States, including if there should be more government regulation of mortgage lending, who is responsible for the crisis, and what should be done to prevent further crises.

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