The way to prosperity needs to be looked at in a different way in the country; in a way that will help the honest hard working middle class, and more of the hard working poor.
People need to work, and need to have incentives to want to work , and prosper" all work with no prosperity is only existing to work !
Everyone cannot be helped that's a fact" but there are millions of hard working people that can be helped and helping them, outweighs the reasons for not doing anything helping them could help the country, and help future generations that would be more prepared to help themselves in the future" which would also help the country, and could create millions of jobs in the present if it were done in the right way.
if people were to be able to buy a home for 120,000 dollars, and it would be affordable to them, or 150,000 or 220,000 etc. or were able to build a home for the same; say 10,000,000 people who were put in a program to do this, and even a home for fifty thousand dollars or less; and it turned out to be a successful program, that helped them to own a home, and to build equity, and it gave them an incentive to be fiscally responsible and the government cities and businesses all made money on it and jobs were created because of it then why not do it?
If private investors were to finance this program, and were able to make A profit, and if the government were to offer them some kind of tax shelter that would make it more appealing to them to do it, it might be a way to get the country back on track and lift the economy back to normal growth and low unemployment leaving the people who were helped on a road to their own prosperity if it works good on a pilot program it could become a cookie cutter type plan for more middle and lower income people when someone reached a certain level of wealth they would not be eligible for the program .
Well I said that to say this, if anyone has any thoughts about it feel free to express them this idea could be done in any number of ways; but here is the plan that I think could help jump start hiring spending and help small business retailers etc. the lower income people at the same time.
give people a mortgage with little or no down payment to build or buy a home and only finance one third of the mortgage for the first seven to ten years; this will lower the payment for the first part of the mortgage by two third or so, hold the other in an escrow account, to be financed at the end of the first mortgage at that point the balance would be lower by one third of the original; the home, land etc. would go up in value, this would make the loan a more secure loan for the investor, and the home owner would have more wealth this would be an incentive for them to continue to make their payments on time. the balance could be negotiated at that time to, if someone defaulted say after three years, it could be sold to someone else for a better price depending on the market at that time, the investor would gain either way over time, if the investor were given tax incentives on the balance held in escrow it could be another way to make it worth doing, the people who buy would have more money to spend in the economy for the first seven to ten years to help the retailers and small business and big business if it will help lift these lower income people up, it would be good for the wealthy and the poor.
not only the working middle class there are people who are between the wealthy and the middle class that could or would take advantage of something like this if something were made available to them like financing half of a commercial building, while holding the other half in escrowto make the payments smaller for the first ten years, that could help real estate sell some of the real estate that is not being sold at this time, the government could offer incentives for that to.