Issue Position: Property Values
Issue Position
Issues: Housing and Property
Due to the record number of mortgage foreclosures and a lack of demand, home values have dropped up to 60% over the past decade. This has put many mortgages underwater, leaving homeowners in a precarious position. Many who would like to sell, cannot and feel trapped in their homes. This is a direct result of our failed economy. If people had jobs, the demand for homes would return and the free market system would increase home values.
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