Wednesday, February 18, 2009

Modest Proposal on housing fix

The question is what to do with mortgage holders who cannot make their payments has come up and the current proposal is to lower the principle on those loans.  Those who are not behind on their payments are not eligible for principle reduction.  Is this fair?

No, but supposedly if these houses go into foreclosure, then all the houses in the neighborhood will lose value.  I get the reason, but it's little compensation for paying my taxes, paying my mortgage and then also subsidizing my neighbor just because he lied about his income and got a house he cannot afford.

So here is my fix.  Anyone who recieves government aid for their outstanding mortgage gets a big RED sign placed on their front lawn.  That person is required to keep that sign until he pays off the mortgage in full.  During the time the sign is in place, he is responsible to 1) mow the lawns for his neighbors on either side, 2) take in the garbage cans every week, 3) sweep the street for litter at least monthly and 4) make sure all public sidewalks are clear of snow and ice in the winter.

For his mortgage to be subsidized, that's the least he can do for his taxpaying neighbors. 

3 comments:

Kris said...

They could sneak this in because apparently no one reads the entire document anyway.

Eric said...

can we get one for bankers too...

and Adulterers...

Anonymous said...

Ohhhh, harkening back to the scarlet letter "A". Not all people losing their homes are deadbeats. The banks on the other hand have enabled bad loans.Fault lies with them twofold.