On Fri, 27 Apr 2012 06:08:33 -0700 (PDT), bob haller wrote:

On Apr 27, 8:48*am, "Pete C." wrote:
Home Guy wrote:

"Most of the people I have dealt with have ended up paying less on their
monthly mortgage payments than they were when they rented. The good
thing is, we have got lots of young families into these homes.

"And if they stay put, they will eventually get equity."

Being "underwater" is purely a theoretical thing if you have no
intention of selling any time soon.

and people have many reasons for moving, job loss, illness, family
troubles, divorce etc etc.

the feds should set up a 30 year 1% mortage for everyone.......

this wold bottom the housing market and encourage recovery


....and the money for this is going to come from where?