Whether we like it or not, we have to be realistic and accept the fact that any block, town, or city we live in when it becomes infested with a big number of foreclosures, short sales, and/or abandoned properties, the value of our property will be affected negatively and it will lose value. This will happen regardless of how prompt we are in making our mortgage payments and how well we are maintaining our own property.
It is also true that burning a hostage taker’s hideout, while he is in custody of the hostage, only endangers the life of the hostage more than it achieves the goal of punishing the hostage taker. I think the smart thing to do is to rescue the hostage first and then deal with punishing the hostage taker. In this case, the hostage is the property owner and the hostage takers are the banks. Saving the property owners and their property values should take priority over punishing the banks, and then, once that has been achieved, we can, in pursuit of justice, begin prosecuting the people responsible causing the big mess.

The idea of “homeownership is not important” and the argument that “people need not have to own a property” is wrong. Throughout history property ownership has been as important as food. People have fought for it, have declared wars for it, and in many cases they have died for it. Property ownership provides people a goal, a purpose, a sense of pride, achievement, security, their privacy. Taking that, Homeownership, away from people is not only taking away the American Dream, it is taking away any human’s Dream.
It is no Secret that when the Real Estate Market improves, the Economy improves. There is a way to revive the Real Estate Market without costing the tax payer any money, without a costly bailout, and it can be implemented almost immediately. Details of the Plan can be found at: http://bit.ly/pGv3UZ "No Cost Stimulus Package"

Thank you for taking the time,

Sincerely,
Marc Boyajian