KIBU it doesn’t matter if this rate freeze is in place or that bailout is in place or Hillary comes up with a magic plan or whatever…I have posted it before and will continue to do so…. I am not a conspiracy type but I will say that to much big money has to much invested to not do everything and anything to at the very least, delay the depreciation cycle. The more money that is at stake, the more of a full court press there will be to smooth the fall. If this was a simple real estate bubble then it would play out in a much more efficient manner. However because of the staggering amount of debt that has been collateralized, there will be a continued effort to try to keep this fall “in control” so to speak.
Will these measures stop the fall? No I doubt it. How much will they affect things? I don’t think a whole lot however as I am also a person looking to buy a home they concern me more then it seems they concern others. As a person who has been fiscally responsible and pays A LOT of money in taxes these measures totally piss me off.
So I guess we will see how they play out but expect to hear more proposals over the next few years.
