The economy is experiencing a unique problem:  unemployed people who are able to find good jobs in alternative cities are unable to take the jobs as they cannot sell their homes as many mortgages are worth more than the homes in this current market.

Why not introduce a NATIONAL HOUSE-TRADE BANK/DATA BASE, whereby someone could trade their home and mortgage for someone else’s similar home/mortgage value in the City they need to move to? Whereas both properties would still retain an inflated value in to-day’s market, over time this will correct itself, but more importantly, it will minimize the significant expense of foreclosure to the economy and speed up hiring.

“This could boost the economy by helping those un-employed to take a job, thus reducing stress on the government funding, and also reduce the number of foreclosures and sales happening below market values,” says Leonard Steinberg, managing director of Prudential Douglas Elliman and leader of the LUXURYLOFT team. “An employed person spends more, thereby boosting the economy a third way. It’s time for politicians and banks to get creative and practical!”