Comments on: The United States’ Foreclosure Problem – Solved with PMS! http://www.biggerpockets.com/renewsblog/2008/08/22/the-united-states-foreclosure-problem-solved-with-pms/ Learn, Network, Invest Sun, 22 Nov 2009 10:53:57 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: John Corey http://www.biggerpockets.com/renewsblog/2008/08/22/the-united-states-foreclosure-problem-solved-with-pms/comment-page-1/#comment-59771 John Corey Wed, 03 Sep 2008 13:13:39 +0000 http://www.biggerpockets.com/renewsblog/?p=1191#comment-59771 The discussion goes on for ever and yet little changes. Look at silver or even gold. What makes either valuable? Only the fact that people believe that there is value represented. The supply is not fixed though it is a lot harder to get more compared to printing money. What I do not understand about the article is not the argument for or against fiat money. It is the idea that there is a connection between foreclosure and a change from fiat money. Foreclosure is mostly from not being able to keep a loan current or pay off the loan when the due date arrives. Switching the definition of the currency being used to pay the loan is not going to impact the cash flow needed to support the loan payments. The discussion goes on for ever and yet little changes.

Look at silver or even gold. What makes either valuable? Only the fact that people believe that there is value represented. The supply is not fixed though it is a lot harder to get more compared to printing money.

What I do not understand about the article is not the argument for or against fiat money. It is the idea that there is a connection between foreclosure and a change from fiat money. Foreclosure is mostly from not being able to keep a loan current or pay off the loan when the due date arrives. Switching the definition of the currency being used to pay the loan is not going to impact the cash flow needed to support the loan payments.

]]> By: Alex http://www.biggerpockets.com/renewsblog/2008/08/22/the-united-states-foreclosure-problem-solved-with-pms/comment-page-1/#comment-59628 Alex Thu, 28 Aug 2008 01:27:36 +0000 http://www.biggerpockets.com/renewsblog/?p=1191#comment-59628 When is your follow up discussion on PMS going to be posted? I am intrigued by the possibilities after searching Craig v. Missouri and researching CAFR. When is your follow up discussion on PMS going to be posted? I am intrigued by the possibilities after searching Craig v. Missouri and researching CAFR.

]]> By: Plano home loans http://www.biggerpockets.com/renewsblog/2008/08/22/the-united-states-foreclosure-problem-solved-with-pms/comment-page-1/#comment-59511 Plano home loans Sat, 23 Aug 2008 06:51:43 +0000 http://www.biggerpockets.com/renewsblog/?p=1191#comment-59511 Your proposal sounds very good! It must have taken plenty of research work, you are great, your posts are always very informative and helpful! Your proposal sounds very good! It must have taken plenty of research work, you are great, your posts are always very informative and helpful!

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