A Real Estate Reinvestment Act
The negative equity in homes is a positive gain for who?
Real estate interests.
This sector is in very large part responsible for wrecking our economy and has received very little criticism for doing so.
A Real Estate Reinvestment Act is in order to recapitalize the benefit into positive home equity toward building an economy that invests the homeowner not with just a fair and equitable mortgage, but the ability to pay it.
Accomplishing that is not by encouraging the leverage financing that makes the greedy rich with an inimical sense of status, but righteous value that comes with providing for each other rather than taking it in declaration of your class superiority.
Real estate is infested with people looking to get rich quick, and they did. The cost of this over-concern with one's personal worth, of class status, has been tremendous. To allow this value to be enjoyed without being retributed to, reinvested in, the hard-working Americans from which it was bilked is entirely wrong!
Instead of an economic sector infested with status-conscious frauds looking to con its customers into just making them rich, and leave the customer holding the devalued bag of goods, let's invest the real estate sector with the value The People deserve without having to borrow their way out of debt. That value exists in the net worth of developers, brokers, lenders, and their agents. That value needs to be reinvested to make the homewoner whole, not just a reward for unfettered greed and fraudulent practices.
Retribute that value with a Real Estate Reinvestment Act. It will very quickly help set our economy on a very sound fundament for quick and sustainable recovery.
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