Comments on: Why household debt reduction could jumpstart economy Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: linkoni Tue, 27 Sep 2011 10:35:30 +0000 Only a fool would catch this falling double edged knife (buy a house now) and get sliced thin like a turkey.

Housing price is and will continue to slide much lower for a long time because of the Alan Greenspan/Wall street/SEC housing scam for the past two decades which has super inflated housing (glorified cardboard boxes) prices sky high.

If you are underwater(your mortgage amount is more than recent appraisal value, minus 10%) you ought to find a rental (which are so much cheaper than your ridiculous mortgage + ever increasing taxes, since Wall St looted your already broke township with derivitive bond scams, and illegal immigration + teachers unions are giant unfillable holes in your school budget) and send the keys to your mortgage company.

Dear leader, chairman ObaMao is subsidizing all losses via Freddie/Fannie Mae/taxpayers bailout anyway. Why not take advantage of this generous government benefit?

Remember the SEC and the FED have allowed Wall st and banks to loot the American Taxpayer. No need to pay twice.

America, Its time to “put a boot in their a*s”.