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Tom Kelly
Tom Kelly
The Real Estate Adviser

November 6, 2008

Tom Kelly: Creative thinking would help fix mortgage mess

By Tom Kelly
Special to the Journal

The business owner who gave me my first job welcomed criticism of his shop, as long as I brought a proposed solution to the problem. We've tried to instill the same practice with our children. Not only did it reduce the number of gripes our fabulous four shared at the dinner table while growing up, but it also sparked wonderful creativity and conversations.

Ted Jones, chief economist for Stewart Title and former professor at Texas A&M University, is leading a charge to spark more creative thinking about solving the mortgage mess in this country and stopping the whining about shady lenders, greedy investors and clueless consumers. While Jones and other housing analysts clearly believe that real estate is a regional enterprise, a couple of his proposed solutions could have national appeal.

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