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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (285267)10/20/2010 7:46:00 PM
From: patron_anejo_por_favorRespond to of 306849
 
>>At this point I would judge every event and every news story that you see by just one criterion, and that is that the government is doing everything it can to slow down or impede the foreclosure process.<<

That's a good criterion. Because stopping foreclosures is good in the short run politically. It's terrible policy long run because houses remain unoccoupied and deteriorating, and new prospective buyers sit on their hands. Let the markets clear, whatever it takes! That's the way out......