Cooprider, some good points and ideas. Of course, none will be implemented…much too fair.
On the central point, my theory is that “they” really want to keep housing prices high, through government loan guarantees, low mortage rate, and all the stuff we’ve talked endlessly on.
The banks want to keep housing prices high because they would continue to make large loans and closing fees on overpriced assets that are backed by government guarantees. That way the lending institutions maintain the maximum outstanding loans in perpetuity with almost no risk.
That being said, there is no guarantee that events will unfold in the way the powers-that-be want.
