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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