BoA’s Housing Market Solution: Destroy Foreclosed Homes

By on July 28, 2011

A couple of years ago I shook my head when an individual suggested a remedy to the housing oversupply was a bulldozer.  Well, the time has come where this is at least a small part of the fix.  Bank of America plans to donate unwanted and blighted homes in select locales and contribute to their demolition.

Government funds will also be employed for the final “solution.”

Read More: Bloomberg

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