Why, let's just extend obama's plan that keeps homeowners in their homes, whether they can pay for it or not. Or how about the one that actually pays a homeowners mortgage - taxpayer money of course.
Mortgage deliquencies drag on economic recovery - Yahoo! Finance (http://finance.yahoo.com/news/Mortgage-delinquencies-apf-3683370452.html?x=0&.v=6 - broken link)
Quote:
The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over.
The Obama administration's $75 billion foreclosure prevention program has barely dented the problem. More than 299,000 homeowners had received permanent loan modifications as of last month. That's about 25 percent of the 1.2 million who started the program since its March 2009 launch.
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Almost 300,000 have dropped out of the program - after the 3 month trial.
They need jobs in order to keep their homes.
And those that couldn't afford their home in the first place should be renting.
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