News & Opinion

The White House is now bringing up talk that it will be releasing yet another government plan designed to assist those whose mortgages are upside-down. As you’d expect, unless you’re hopelessly optimistic, details are all but nonexistent at this time. We say “another” plan as if there was already one implemented that has actually done something for homeowners on a broad scale. The plan should be announced in a few weeks, according to Treasury Secretary Timothy Geithner. He spoke at a Senate Banking Committee hearing last week in an effort to communicate the government’s plans to works towards economic recovery.

Filed under the “Hi, I’m from the government and I checked my brain at the door, department”, a local municipality […]

HousingZone.com put out an article this week that looked at five of the more prominent plans to “save” housing. The plans ranged in scope, cost, and – frankly – sense… but overall the idea is that many of our state and federal politicians are putting their two cents in. The only problem is, the plans that make sense are the ones that are least likely to get implemented. They just aren’t politically palatable. Here are two big hints: 1) If it comes out of Congress – run for your life, and 2) if it bears the name of the bill’s sponsor, it’s likely more about bringing notoriety to the politician than it is about fixing the actual problem. Keep this in mind as we go through the following plans one by one and evaluate them based on what we know of their authors and their details.

As if on cue with respect to the recent rush of activity this week on Craftsman Tools coming to Costco, […]