Thursday, November 1, 2012

No government help

Six out of 10 Nevadans owe more on their mortgages than their homes are worth.

"I'm a hard-core Republican, but this is wrong," said Levin, 69. "How many families have suffered because of these banks?"

In many parts of the country, the housing market is on the rebound, with home values up, inventory tight and new housing construction rebounding. But here and in hotly contested Florida, the damage to the housing market is still painfully visible. Even though President Barack Obama and rival Mitt Romney have logged dozens of hours campaigning in these states, they rarely delve into the housing issue. Neither candidate has made it a centerpiece of his campaign.

"Housing is not really a winner of an issue for either candidate," said Jed Kolko, chief economist of the housing website "Obama doesn't have big policy successes to point to, which he would need as the incumbent, and Romney doesn't have bold new policy proposals."

Which ever candidate wins I do not believe they will do anything for homeowners still in the big banks mess.

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