Econ 4 On Housing by tristero

We oppose treating the nation's housing as a bundle of assets to be sliced, diced, flipped, and bailed out in pursuit of inflated profits and bonuses. 

We call for reality-based, ethically grounded housing policies that restore stability to families and sanity to markets. 

We call for mandatory partial reductions of mortgage principal whenever this can keep a family in its home. We call for America's best run housing non-profits to be paid to provide the counsel required to determine when such modifications will work. We call for civil and, when necessary, criminal sanctions on banks and loan-servicing companies whose employees intentionally obstruct implementation of mandated loan modifications. 

We call for amending bankruptcy laws to restore pre-2005 rules that protected families and communities from bank depredations. 

We call for immediate return to the rule of law by requiring those who seek to foreclose to demonstrate they have the proper title and rights to do so – with stiff legal penalties if they ignore the law. 

In response to recent moves by the top 1% to buy distressed housing and convert it to rental stock as absentee landlords, we call for local, state and national standards to protect families from predatory rental practices. 

We extend our support to all who are working in the private, non-profit, and public sectors to promote access to affordable and stable housing as a human right of families and an asset for communities.