Comments on: What Is Your Solution To The Housing Crisis http://www.metrocrete.com/2008/11/14/what-is-your-solution-to-the-housing-crisis/ Product Reviews For Decorative Concrete And Coatings Thu, 02 Sep 2010 21:41:18 -0700 http://wordpress.org/?v=abc hourly 1 By: Still employed in Westport http://www.metrocrete.com/2008/11/14/what-is-your-solution-to-the-housing-crisis/comment-page-1/#comment-2108 Still employed in Westport Fri, 14 Nov 2008 19:48:06 +0000 http://www.metrocrete.com/?p=926#comment-2108 I read your blog on a regular basis since I get a lot of good information on how to renovate my home cheaply. This fall I re-surfaced an old concrete patio and my neighbors think I put down expensive flagstone! Your new article on the housing crises is interesting. Seems to me if the government is handing out billions from the taxpayers as a rescue to the banks, then the least the banks could do is rescue the taxpayers when we need help. If they could cut our interest rates so that we could make our payments (and pay down some principal) on our loans, it might speed up the recovery here. The banks have been making money on loans and fees hand over fist for years. Maybe they can take a pay cut for once. It costs them money to foreclose. They would be better off to work out a new payment with the homeowner. Even if it's a 2 percent loan. I read your blog on a regular basis since I get a lot of good information on how to renovate my home cheaply. This fall I re-surfaced an old concrete patio and my neighbors think I put down expensive flagstone!

Your new article on the housing crises is interesting. Seems to me if the government is handing out billions from the taxpayers as a rescue to the banks, then the least the banks could do is rescue the taxpayers when we need help. If they could cut our interest rates so that we could make our payments (and pay down some principal) on our loans, it might speed up the recovery here. The banks have been making money on loans and fees hand over fist for years. Maybe they can take a pay cut for once. It costs them money to foreclose. They would be better off to work out a new payment with the homeowner. Even if it’s a 2 percent loan.

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