It is widely understood that the federal government is on an unsustainable fiscal path. Yet, as a nation, we have done little to address this critical threat to our economy. Doing nothing will not be an option indefinitely; the longer we wait to act, the greater the risks and the more wrenching the inevitable changes to the budget will be.
This may be attributed to the high mortgage rates averaging 17.5 percent in 2015, collateral requirements, difficulties with property registration and high incidental costs of borrowing among other factors. Nevertheless, there is reason for optimism.