Comments on: Toward a New Housing System

By: Robert

Robert — Thu, 26 Feb 2009 10:45:16 +0000

Google is a rubbish company but still gets all the praise and pundits for being “creative” – morality, ethics and creativity: where do the creatives stand? – that’s a title for a Masters dissertation somewhere in the world I hope.

By: Walter Derzko

Walter Derzko — Thu, 26 Feb 2009 06:11:05 +0000

Google and Facebook are guilty of accepting scam ads

see Facebook took ads for get-rich-quick scam in http://www.smh.com.ua

Walter Derzko
Smart Economy
Toronto

By: Mike L.

Mike L. — Thu, 26 Feb 2009 01:29:17 +0000

Quote: “penalties on prepayments”
Why must this be legislated? Can’t this be negotiated in the terms of the loan? If you want early-repayment-privilege then you must pay a higher interest rate.

By: Michael Wells

Michael Wells — Wed, 25 Feb 2009 20:41:28 +0000

I think most people could understand limiting deductions to a primary residence, and setting an upper limit on mortgage deductability. As Buzzcut says, phase this in so people can adjust. I hadn’t known that other countries structured mortgages differently until it showed up here, but why not if it makes the system more stable?

And another reminder, the Google ads for grants and stimulus checks on the right are scams. I don’t know why Google doesn’t limit them, but since they don’t these show up on lots of respectable sites.

By: Buzzcut

Buzzcut — Wed, 25 Feb 2009 18:00:35 +0000

Eliminate the deduction for anything other than your primary residence, and slowly phase it out.

But at a time when the government is pumping up Fannie and Freddie, this seems counter to the current direction in housing. We’re trying to build up home ownership, not tear it down.