I was reading an article on CNN Money.com today titled “How to rescue the housing market: Foreclosures!â€. Not a great title I would say and more importantly in my opinion not a great concept at all.
The gist of the article is that the government needs to reverse the policies of the last 4 years since the housing downturn and actually encourage foreclosures as a means of “stabilizing†the housing market. They included this interesting graph (above)showing how more home owners are becoming delinquent for longer periods of time. (read on after the jump for more)