cfimages wrote:If it's an investor or speculator trying to make a quick profit, then yes. They gambled and lost. Take them away.
But if it's the family home and it's all they've got then a solution must be found. Stretch the 20 year loan out over 30 if need be (with interest calculated based on 20). Tax the profits of the greedy who cheated the system and won. Whatever is necessary.
You not only wrote that, but quoted it a second time. In the first paragraph, you mention speculation. In the second paragraph, you either absolve single home owners of speculation or class such people as not being speculators.
So no, you haven't answered the question.
I'd say we're up to best of thirteen, but this is beginning to remind me of a joke:
A man goes into the forest to shoot a bear with a rifle. Just as he is about to shoot the bear, it disappears. The man gets a tap on the shoulder. It's the bear. The bear offers him a choice: get mauled or perform fellatio.
The following day, the man comes back with a shotgun, convinced he'll get the bear this time. Once again, he gets the tap on the shoulder.
So, he comes back with a machine gun this time. Once again, the tap on the shoulder.
The next day, he comes back with a bazooka. He gets a tap on his shoulder. The bear stops and says, "You don't come here for the hunting, do you?"