George's Blog

I saw this article in the New York Times on the op-ed page, suggesting that the Real Estate market could be stimulated by the Government providing an insurance policy for down payment protection to cover buyers in the event that property values went down after they bought a property. They would pay a fee, an insurance premium for this at the time of close of escrow. This idea has some merit, worthy of discussion.

What do you think?

http://www.nytimes.com/2012/01/25/opinion/down-payment-insurance-for-homebuyers.html?_r=1&nl=todaysheadlines&emc=thab1