Bennett Research Services Blog

Policies regarding housing "bail outs" are always controversial among economists (well, any policy is controversial among economists!). Coming at the policies from the national level often only gives the big picture such as how the policy will affect the national budget/debt levels or aggregated income levels. Sometimes we forget to look at the view in our own neighborhood. How exactly does this policy affect us or our neighbors?

This week in the Orlando Sentinel a neighborhood level view of the most recent housing interest rate change plan  was discussed. The article presents how this project would help specific families, particularly families who are trying to stay current on their mortgage payments. Check out the article here.

Helping families that are locked in at a higher interest rate, yet are trying to stay current on their obligations may not make a huge big picture impact, but it might be just what our neighborhoods need.

What do you think? Leave us a comment below.