[quote=KIBU]Hi Cooprider, on one hand they freeze foreclosure and on the other hand they will lower the mortgage rate to the bottom so this should help “first time buyers” from “remain priced out of the market” …… but keeping price inflated artificially!!!
Hi KIBU, you’re right. What you get then are more homes purchased at artificially high prices by people who choose not to wait even longer for prices to bottom, or return to affordability.
Then as prices fall further those people who did buy in that time end up owing more than their house is worth too.
Even those they “help” stand to lose more later as their home will have lost even more value after the moratorium.
