Housing market guru Logan Mohtashami told Benzinga that he does not believe President Obama’s housing plan will help to cure America’s housing problems.
“There simply aren’t enough qualified home buyers to take on the mass of inventory we have in this country,” Mohtashami said.
Mohtashami believes that, while a sound refinancing plan would put more money into the economy by effectively giving more disposable income to those already able to pay their mortgage, but it will not solve the overall housing problem.
Unfortunately, he does not think there is one answer to the problem. “There is no real financial problem solving idea out there,” he said. “We just have to let the foreclosure
Mohtashami accepts that the concept of letting foreclosures
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