Proposed Solutions to the Foreclosure Crisis Essay

Foreclosure is a growing national disaster in the United States. Every time you tune in to your local news, there is a new family whose house is being foreclosed. Every time you ride around the neighborhood, there is another house up for sale. There are several solutions to this increasing trend including cutting government spending and cutting funds towards unsuccessful government programs, devising financial plans to assist families by setting up payment plans that they can afford, getting communities more involved, more stimulus packages, raising the taxes of the wealthy to lower rates, and easing the limits on section eight housing. Cutting government spending and cutting funding to the government programs that are unsuccessful would†¦show more content†¦Which leads them to decide which is more important, the family’s food or house, thus they will hold off on their mortgage or rent with increasing ease until they have dug themselves into a hole they cannot get out of. Communities are the best support towards a family fighting for their home. A community can provide support, compassion, money, food, clothing, and even more. In an effort to raise money, for example, one’s community can set up events such as chili cook-offs, garage sales, neighborhood football or basketball games, or even set up special accounts at neighborhood banks so other people who do not know the family can drop off items like canned goods and money like those whose house has been lost in a fire or other disaster. People love to go to basketball, football, and even baseball games. If neighborhoods would get together and get their kids involved by becoming members of the neighborhood teams, these games could work to benefit that community’s needy families. Another solution the foreclosure crisis would be sending out more stimulus packages. Stimulus packages serve the purpose of stimulating the economy by giving random amounts of money to the nation’s p eople so they will have extra money in their pockets to spend on items that will benefit the economy because people will not hesitate to buy and increase the value of the dollar. A fifth solution to the problem would be anShow MoreRelatedProposed Solution to the Foreclosure Crisis Essay1250 Words   |  5 PagesToday’s America is in crisis; we are in a recession. The greatest factor driving this major recession is Foreclosure many Americans are forced to face every day. In simple terms, the foreclosure crisis was caused by greed in the banking industry and too much optimism of the American people. 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