I've been wanting to buy a house for a long time. I'm sure that there are a lot of people in my position. Instead of giving tax breaks and keeping interest rates low, the banks need to let the market clear.
My understanding is that the banks are only allowed to keep a small number of foreclosed properties on their books at any given time. Looks like that's not being respected. I don't know how they're getting around it, but I'd like to start seeing fines and/or eminent domain (imo it's better to use eminent domain against banksters than against people who had a plane land on their property).
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