[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]
I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]
Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
