Many say the home construction industry will be in the doldrums for years. However, there are two sides to this debate.
Tag Archives: William Wheaton
A Proposal to Repair the US Mortgage Mess
Recent estimates suggest as many as 23% of US mortgages are “underwater” –the value of the home collateralising the mortgage has fallen below the loan’s balance. This column outlines a proposal to remove the threat of strategic default in these cases – one that it argues is not only fair but also the most likely to allow the US housing market to recover.