How To Solve The Foreclosure Crisis Essay

How To Solve The Foreclosure Crisis Essay

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The Foreclosure Crisis is alarming. I am concerned that upon completion of my college education in about 4-6 years we will still be faced with this problem. Not only that, but I fear that I will not be able to start and complete my education either at the same school or even a different school because my parents might loose their jobs. No one wants to be on the streets, no one wants to be without a job, no one wants to be in debt. Everyone is at fault. There is always a ripple effect when one piece of the formula is not intact. If a family is displaced then there is added strain on the governments, local businesses, and communities. The reason fueling foreclosure is not that people do not want to pay their bills rather they cannot pay their bills. What they need is money, and the way to get money is jobs. This is common sense. The problem is there appears to be no jobs or are their jobs but people are being too critical on jobs that are available but do not want them. Many jobs are lower in salary, responsibility, and may not be of interest. So, if they are encouraged to take those jobs and given the ability to stay in their home by the banks re-adjusting their mortgage to reflect the true value of their home that in turn would lower their mortgage rate and give them freedom to pay their mortgage and all their bills. Just the same those individuals in their homes on the verge of foreclosure but may still have their jobs but had to take a cut in salary to keep their jobs also need to have the same ability to have their mortgage re-adjusted to the true value to help stay in their home by paying down their mortgage.
Banks, media, investments, education, government, and consumers all are responsible for this mess. We as ...


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...last thought on reusing these bottles, stores could give an incentive cash back for returned empty bottles much like what soda companies do, a 5 cent give back on bottle returns.
These are ideas on a large scale but on a smaller level individual level, many home owners are not recycling and were told to use receptacles not their garbage pales or a fine would be instituted. I don’t know that fines were ever put to use but now is the time to get tough because these consumer have been apathetic to this cause!
These ideas will in turn create more jobs and a way to save the earth. We are not doing enough and if we look at all businesses and consumers there is so much more we can all do to assist in the crisis. These are just a few ideas but if given the opportunity I am sure I could find many other ways to help fix this crisis. It is my future that is a stake.

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