Solving the Foreclosure Crisis- Decrease Interest Rates,...

Foreclosure is an important issue in the United States and needs to be ended or decreased rapidly as soon as possible for the sake of America’s economy. The foreclosure of homes has decreased the state of the economy, and rendered millions of Americans homeless. There are four key solutions that will stop foreclosures in the United States and able millions of American to keep their homes. The first solution is having banks lower their interest rates for all citizens who are in financial need of an interest rate deduction. The second solution is creating jobs that are able to sustain through an economic crisis. The third solution is for states and towns to conduct public seminars on how to manage and budget ones finances during financially†¦show more content†¦The disadvantages of having banks lower their interest rates are, people may feel less obligated to pay their mortgage payments on time because the interest rates are lower, despite the jobs that are available th rough people owning homes there still may not be enough jobs to go around causing there to be very little change in the amount of homes in foreclosure. Creating jobs that are able to sustain through an economic crisis will stop foreclosures because if citizens lose their jobs in an economic crisis they will be able to quickly find another job. This would be beneficial in the fight to end foreclosures because people would have the funds to pay their mortgage and any other financial obligations. How one would go about creating new jobs is by developing new technology, products, and services that would change the way people live their everyday life while helping them to save money. Hybrid vehicles are an example of a new technology that has currently kept and created new jobs for citizens in the U.S. Hybrid vehicles are perfect examples of a new technology that has changed the way people live their life while helping them to save money. There are two types of hybrid vehicles such as, hybrid electric vehicles (HEV’s), and plug in hybrid vehicles (PHEV’s). Hybrid electric vehicles save money through regenerative braking in whichShow MoreRelatedEurope Economic Crisis55278 Words   |  222 PagesISSN 0379-0991 Economic Crisis in Europe: Causes, Consequences and Responses EUROPEAN ECONOMY 7|2009 EUROPEAN COMMISSION The European Economy series contains important reports and communications from the Commission to the Council and the Parliament on the economic situation and developments, such as the Economic forecasts, the annual EU economy review and the Public ï ¬ nances in EMU report. Subscription terms are shown on the back cover and details on how to obtain the list of sales agentsRead MoreDeveloping Management Skills404131 Words   |  1617 PagesCoral Graphics Text Font: 10/12 Weidemann-Book Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Copyright  © 2011, 2007, 2005, 2002, 1998 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher