[quote=spdrun]On the one hand, you have a liberal twit Mel Watt in charge of FHFA (even he is going incrementally, trying deeper loan mods in Detroit first, which has nothing to lose). On the other, you have Julian Castro at HUD who wants to wind down Fannie and Freddie. We also has QM come into force this year.

I think the net effect will be zero-sum. And why would you want higher prices? Wouldn’t you rather be able to buy MORE rental property and have more tenants?

My ideal world would be cheap homes and high rents.[/quote]

Cheap homes and high rent isn’t going to happen for the long term because cheap homes means people that would normally pay for high rent ends up buying, leaving you with people that can’t qualify to own or afford to own….

And I’m being more realistic. Short of some big event, I don’t think people who are “owners” these days are in a hurry to sell. They weathered a big meltdown, some bought more dirt cheap….There’s no panic, no itch to hurry up and sell…