The foreclosure crisis is completely out of control. Everywhere you go, there are foreclosed houses to your left and right. The only plans that there are for putting an end to this crisis have a very small picture of the crisis in mind. These plans only deal with helping people that are in an immediate danger of having their house foreclosed on. The help that they offer only puts people out of harms way until they have to make payments later. Many people simply can’t pay the bills that they have in front of them. The solution for this crisis isn’t to lower their payments or to let them skip a few payments and then start back up later. These strategies will only help people for a short period. Once they have to start paying regular rates again, what will they do? If they weren’t able to pay them a few months ago, what will be different now? We need a plan that will help Americans in the long run.
There’s a simple solution to this foreclosure crisis. My plan comes has two parts to it. These are simple parts that have been widely overlooked as the solution to this monster that has been devouring the lives of thousands of Americans. These two parts are: education and jobs.
Many Americans aren’t able to pay off their mortgage or their loans because they simply aren’t paid enough. Simple example: say you owe someone $500 a month, but where you work, you only make $450 a month. You won’t be able to pay the person at the end of the month and as the debt piles up, your life is at the mercy of your debt. If you were paid more, then you would be able to pay off your debt and you can still enjoy the simple luxuries of heating and running water that many Americans get to enjoy everyday.
The proof is in the pudding, college graduates make thousands of dollars more than high school graduates. If education were made easily accessible, then more people would take advantage of the chance to go to college. A program in which a college education was available online at a cheap price is a great first step. American citizens would be able to apply easily and get a better education. Then, when citizens go in for a job, they’ll have a major advantage as opposed to when they only had a high school education. A plan to default on payments isn’t going to help if you’re just going to go right back into debt when you actually have to pay off your debt. As long as people are able to pay for it and they can get to it easily, a college education could be a large step to solving this foreclosure crisis.
The second step is actually getting citizens the jobs that they need. A college education means nothing if there’s nowhere for you to use it. The government needs to create a program that will help to get Americans the work that they desperately need. If everyone is educated to do a specific...