So let me get this right. Congressman Barney Frank is now proposing to give loans to unemployed homeowners who are having trouble keeping up with mortgage payments.

Really? The solution to helping people who can’t afford their home loans because they don’t have jobs is to give them another loan, pushing them further into debt? Maybe I’m missing something here but isn’t this how we got in trouble in the first place, giving loans to people that can’t afford them.

Frank’s proposal would also spend $1 billion to build and preserve affordable housing, $1.5 billion to redevelop foreclosed and abandoned homes, and $2 billion to protect tenants in apartment buildings whose owners can’t pay the mortgage.

He calls the $6.5 billion package, “TARP for Main Street,’’ a reference to the government’s Troubled Assets Relief Program. .

Frank wants to pay for his plan by using dividends that the government is supposed to be getting from companies that received the $700 billion from the Troubled Assets Relief Program (TARP). Hmmm. Weren’t those dividends supposed to offset some of the losses from that bailout? When will he address the big elephant in the room….. The Fedreral Defiecit.

Old saying: If you don’t buy a house now, you’re going to be priced out forever…

New saying: If you don’t buy a house now, you’re going to be paying for someone else’s forever…..

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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