The credit crisis is causing some strange reactions world-wide, the least of which is French President Nicolas Sarkozy's new plan,
"The government will buy as many as 30,000 unfinished homes, make more state-owned land available for private home building and state-guaranteed mortgages available to 60% of French buyers, triple the percentage now eligible."
That's from today's Wall Street Journal. What about the lessons from the US made him think, "Gee, maybe I should incentivize home-ownership in MY country..."?
4 Comments:
I'm curious to see what you are thinking...