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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (27608)	3/23/2010 4:47:00 PM
From: Ploni	Read Replies (1) \| Respond to of 71477

Since the Fed gives the banks free money, the banks really have no incentive to auction off the foreclosed homes in their portfolio. It seems that the banks can hold onto the properties for years, though they will have to cover maintenance costs or let the properties fall apart. So the banks and Fed are complicit in keeping the housing bubble from truly collapsing. There are still some cities that have barely seen a significant drop, such as New York City, where the affordability of houses compared to rentals is twice that of many other