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View Full Version : Real Estate: Beginning and End or A Gyro?



Kathianne
12-03-2011, 03:24 AM
I'm guessing, but seems to me RSR and others involved in mortgage market would agree with this:

http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s
Federal Housing Authority Poised to Re-Sink the Economy (http://reason.com/blog/2011/12/01/federal-housing-authority-poised-to-re-s) Tim Cavanaugh (http://reason.com/people/tim-cavanaugh) | December 1, 2011
Back in the innocent days of 2007 or so, it was customary for experts to say that housing had led the recession and housing would lead us out. Whatever measure of truth there may have been in that cliché, the reality is that by refusing to accept the real estate correction as the healthful and decades-overdue solution it is (http://reason.com/archives/2008/12/23/houses-of-pain/singlepage), America’s leaders have created a new dynamic: Housing led us into the recession, and it continues to lead us into newer, deeper and more destructive recessions...

fj1200
12-03-2011, 08:31 AM
I think the real problem is that there is nothing to support the demand side of the housing market. Enact policies that provide job and income growth and people will have money to buy houses; short of that the government is picking around the edges with mortgage rules.