Quote:
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Originally Posted by baggygreen
Quote:
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Originally Posted by bookworm_020
Maybe they could bailout my home loan, then I would be free to purchase more goods and services. This would keep the economy going!  |
Someone (an MP i think) suggested that. By lowering our overly-inflated house prices back to a historical norm, there would be much more money available for spending, which would boost the economy, thereby resolving both our economic and housing problems in one go!
Shame its perfectly logical and as such will never happen.. |
It would also reduce the bank exposure to bad debts and help people who found they couldn't afford such high repayments. You wouldn't have to pay out the loans fully, just a good portion. It would free up money for spending, as well as shore up the banks and keep home prices from going through the floor.
But as you said baggy, Logic is futile!
