We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!!
Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.
If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.
If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.
If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.
