Banks will make enough profit at 3%-Homebuyers will see their mortgage principals go down faster-More people will be able to buy and STAY in their homes. I am struggling to keep my home, my only home-I don't have 3 or 4 or 3 or 4 planes-so you'll never get a big check from me. If you don't do something soon, a very few people will rent to a vast majority of unvested renters-My home is not worth $375,000.00---when I sell it it will be for less than than the $170,000.00 paid-but the bank will make $375,000.00 and then make it again and again on the same house. You know it could work-it doesn't have to be this unbalanced in favor of the banks---some of them getting their start in the slave trade if you read enough history in grad school. Then there is there is the collapse of recent history.
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