I have and idea that I'd like to float to the public. Please respond with your feelings. Let's start a grass roots movement to get this accomplished.
HERE IT IS: Put a moratorium on new building starts until we can sop up the excess inventory. Have the Builders Downsize and subsidize the major builders for not building (not unlike we have done with farmers to NOT GROW CORN). When the excesses have dried up, take away the subsidies and let them start building again. I Can not believe that new building starts were up - this is crazy. If we stop the building, then the homes that get foreclosed on will be resold and the CDO's will be strong and homes won't lose value. It is a supply and demand issue and let’s use our government to spend our tax money wisely. Stop giving to the banks that continue to try and mimic what doesn't work; stop building new homes and trying to sell them with temporary low interest rates! I think that a 3-5 year moratorium on new building starts would clean up all the over built inventory. Anyone agree? Specialized contractors, plumbers, painters, etc..., would can make a living on remodels that will flourish. Not too bad a price to pay to get this economy going.
Agreed? Call your elected officials today!
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