[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]
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!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
