The White House is making a big push to pressure Congress to act on a refinancing proposal before the end of the year. This is a Google + hangout put on by the White House (and moderated by Zillow) to urge consumers to pressure their Congressmen to enact such a proposal. At “Houston Real Estate Radio,” we explore the proposal and ask the question “Is this good for our country?” In looking at proposals like this, it is important to look past individual sob stories and the people that will undoubtedly be helped by this, but look at the bigger picture on whether spending $1 trillion of our taxpayer money is wisely spent lowering people’s mortgage payments.
Tune in to “Houston Real Estate Radio” on AM700 KSEV on Sundays at 2PM or stream it live at RREA.com/RADIO.
