Summary
As far as ideas go for rescuing America's housing market, Brad Anderson's proposal may have merit. Anderson (no relation) is convinced that the best way to stop the downward spiral of home values around the nation, as well as here in Clark County, is to take 10 percent of the inventory off the market and convert it to rental housing.
Anderson has been so committed to his idea that he got a couple of his friends to help bankroll a recent trip to Washington, D.C., where he attempted to explain the concept to as many elected and government agency officials as would listen. Here's how it would work:See the full content of this document
Extract
Marketplace: A Simple Fix for Crisis in Housing
n By regulation, banks, mortgage companies and investors who own more than 10 residential properties would be required ...
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