Wednesday, April 29, 2020

Solution for Non Performing Loans

Government should buy all non performing loans at the discount rate the other loan portfolio buyers do i.e. at 25% of their value, rent the assets back to owners to collect rent, and as the owners die sell them to young people to give access to affordable housing... this way the banks will be free of non performing loans, gov will stop bleeding payments to banks, people will stay in their homes, market will not be flooded with real estate assets so the prices will not collapse, government will be collecting rent, will gradually sell as people pass on in a smooth long term distribution, and young couples will have easier access to a home...


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