The media is full of very interesting ideas on how to stimulate the housing market. Something that has been talked about is insurance for the down payment!
In this scenerio, if a buyer promises to keep his home for five years, the government would insure their down payment so that no matter what happens to the market value of the home, the buyer would retrieve his original down payment.
There would be rules, of course. At least a 20% down payment would be required and the buyer would have to be credit worthy.
A very different approach to the problems facing the housing market, here in Aventura, and in the nation. The future of real estate is not that prices will go back to where they were in the height of the bubble but that we are now resetting the button and everything will progress from here on. When the prices of homes finally stabilize then that will be the price point from which we will begin again.
Contact me with your ideas.