I’ve been thinking lately about the sub-prime mortgage crisis. This seems to be a great time for some innovative thinking.

If people were able to pay for the original mortgage, then they weren’t able to pay when the rate went up, then it seems plausible that they only have to find the difference. I know this is oversimplifying the problem, but it’s true for many people.

My idea is this. Ask yourself: “What else can my house be used for besides living?”

The question may seem absurd at first, but give it a chance. Think about it. It won’t be easy to come up with a solution, but it may just be possible.

Categories: Perspective ~ Trackback