See Kenneth R. Harney’s piece in the Washington Post. Perhaps with this help by Fannie Mae and Freddie Mac, we can look at any home that is threatened by foreclosure as an equal problem. Even foreclosures of second homes can impact the home equity in the neighborhoods surrounding them. Second homes also drive tourism and spending that many folks in the media have forgotten of late. The Housing Bubble, and bust, should have showed us that housing is a real economic driver that we cannot afford to lose.
