Are there any feelings as to the impact Democrate or Republicans might have with respect to handling a shousing downturn. During the 80’s it was Reagan who did the dirty doublecross to land homeowners. I would think that Republican will do everything they can to keep the economy going so that they can campaign on this. Homeownership up and 401k’s booming. No need to think about the soldiers in Iraq.
Additionally you are still seeing cheap money. http://www.calhfa.ca.gov. 40 year,fixed rate, 10year IO loans, 3% down, at 6%. Seem like there are already sign of the Governemtn stepping in tohelp out. People thought on whether the governemtn might just prolong this long.
