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Home refinancing reform, medical marijuana, Occupy movement, solar rate proposal, Afghanistan, Petco leaving S.D.

Well-intentioned interventions don't always work

Kelly Cunningham, NATIONAL UNIVERSITY SYSTEM INSTITUTE FOR POLICY RESEARCH

Sunday, November 6, 2011

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With a healthy economy and growing housing market, borrowers would probably not owe more than their homes are worth, and can continue making payments on their mortgages, or at least sell their homes for more than they owe. Even those that proceed to foreclosure will be better able to return to solvency in a healthy economic environment, rather than the current lingering quagmire. Rather than cruel, this seems to be a much better solution for all concerned.