A great post by seekingalpha.com
History can give us guidance in fixing our real estate crisis.
“Faced with his own foreclosure-nightmare, Julius Caesar came up with a decisive and practical means to cure the solvency crisis which was at the heart of that real estate meltdown. Caesar decreed…that all mortgage interest would be canceled. Thus, all mortgage payments would be credited 100% to principal.”
DHW asks: Do you think interest should be eliminated on existing mortgages?
Tags: history, Housing, housing crisis, interest, julius caesar, mortgage
Advice from Julius Caesar on fixing the housing crisis http://desperatehousewise.com/fix-the-housing-crisis-eliminate-interest/
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