The decline will only be delayed by the easy financing that’s still available. Refinancing will give people some breathing room, but the debt will still need be repaid. We’re just kicking the can down the road.

Government to the rescue?
http://www.latimes.com/classified/realestate/news/la-re-harney27may27,0,2520596.story?coll=la-class-realestate-news