Diagnosis: Excellent. Prescription: None

Until we as a country figure out how to divvy up these losses on housing and let these markets clear and move on, they will be a serious drag on employment.

–Thomas L. Friedman, “The Uncertainty Tax“; The New York Times (6/11/2011)

NYT Columnist (and former St. Louis Park ECHO staffer) Tom Friedman has a nice Op-Ed in the Sunday Times discussing the drag that underwater homeowners present for the economy.

Unfortunately, while his diagnosis is spot-on, he doesn’t offer a prescription.


See, “Groupon for Underwater Homeowners.”

P.S.:  How do I know what’s in the Sunday paper on Saturday?  The features, magazine, travel, real estate and numerous other sections are posted online earlier.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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