Personal credit reactivation, mortgage installments prolongation and employment of migrant labour are three key factors for the economic reactivacion in the medium run.
Indeed, in a country where most of the purchases of movable and immovable property are made to credit, is essential to have a credit system that really works. In this sense, it is important that the three credit bureaus not evaluated payment mistakes caused by the crisis in the last two years. They can instead establish a parallel table where to stay this record for legal purposes, but not affect the granting of new credits.
The adoption of hereditary mortgages to 80 years term, where the grandchildren of a couple end up paying the acquisition of a property is necessary to revive the economy. One of the factors with the most dynamic mode of capitalist production is the construction. So, in order she doesn't continue stagnant, buyers are essential to encourage its offer. Certainly, with deadlines for 80 years, the monthly payments of houses would have an average of approximately $450.00 per month and down payment would be minimum. Elderly people or those unable to have descendants, won't be affected because they also would be considered for this type of acquisition, while making his modest mortgage payment. Of course, this important measure should regulate its settings, as a first requirement, a unique first compulsory marriage for applicants who must reside in United States. These requirements will fight merchants who could have many divorces or those who living overseas and pretending renting his property for a lot of money.
The adoption of hereditary mortgages to 80 years term, where the grandchildren of a couple end up paying the acquisition of a property is necessary to revive the economy. One of the factors with the most dynamic mode of capitalist production is the construction. So, in order she doesn't continue stagnant, buyers are essential to encourage its offer. Certainly, with deadlines for 80 years, the monthly payments of houses would have an average of approximately $450.00 per month and down payment would be minimum. Elderly people or those unable to have descendants, won't be affected because they also would be considered for this type of acquisition, while making his modest mortgage payment. Of course, this important measure should regulate its settings, as a first requirement, a unique first compulsory marriage for applicants who must reside in United States. These requirements will fight merchants who could have many divorces or those who living overseas and pretending renting his property for a lot of money.
Immigrants make up a very important part of the economy. They contribute with his not 'census'
effort, to the gross national product. At the same time, they consume resources such as health, education, police and firefighters, therefore it is necessary to integrate them in a legal way to the production process. And how more sensible than is offering its workforce to American companies who decide to relocate back on u.s. soil. The immigrant do its part, have right of residence five continuous years of work and the citizenship later. Companies would have trade-off tax return to American territory.
If there is a reopening of the personal credit together with new modalities of mortgages and employment of immigrant with mentioning security workforce, a booming market which will demand more goods and services, and thus encourage the formation of saving and investment which finally will lead to increase employment.
Without a doubt, it is extremely important to take these and other measures to ensure the permanence of our economic system. That would be fatal is no action is taken and just the partisan struggle is continuing.
If there is a reopening of the personal credit together with new modalities of mortgages and employment of immigrant with mentioning security workforce, a booming market which will demand more goods and services, and thus encourage the formation of saving and investment which finally will lead to increase employment.
Without a doubt, it is extremely important to take these and other measures to ensure the permanence of our economic system. That would be fatal is no action is taken and just the partisan struggle is continuing.
BENJAMIN F. DeYURRE
Miami
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