There is a Moral Hazard in bailing out home owners who have fallen behind on their home.

If the lender was crooked, then the lender has every reason to be crooked in the future.

If a home buyer bought beyond their means, then the public is aiding those who over bought. They live beyond their means at our expense, not their own.

There are grey areas. Many people struggle who have lost their jobs or their savings; and they need help.  Term Ownership can help them as they recover financially.

We are Americans.  Americans are creative.  Americans are intelligent.  Americans are problem solvers.  A bailout is not a solution, it is a tax on our children.

What we need is vision.  What we need is for those in power to stand behind a solution which holds those at fault for the mess they are in.

Term Ownership avoids this moral hazard.  Term Ownership requires people to account for their plight.

The beauty of the Term Ownership system is that it makes housing affordable again for many of those whose only other option is a bailout or the loss of their home.

With Term Ownership, the taxpayer is not on the hook.

Which is better - saving a home without a bailout, or running up a public debt that cannot be repaid during our lifetime?