UNINTENDED CONSEQUENCES

Here’s a consequence of the mortgage bailout that I hadn’t thought of – and should have, since I consider myself to be a pretty good systems engineer.

Bailing out homeowners who would otherwise be forced to find more affordable housing could hurt people who are ready to buy homes at rock-bottom prices.

There have been a number of ads on both radio and TV lately encouraging renters to step up and buy. One of my co-workers, a life-long renter, did just that a few months back.

One more reason for the Government to keep out and let the market take care of itself.