“but don’t you think that the fastest way back would be with NO intervention at all?”
For the FED and politicians and those people that influence them I don’t think the “fastest way back” is how they are looking at it. It certainly doesn’t matter what I want to have happen. Obviously we are going to have affordability sooner or later so that puts time on the prospective buyer’s side. I think we should be careful not to assume affordability is absolutely coming as the result of massive price declines.I do enjoy having been in the big chunk camp because it looks like we will get that. Just don’t want to be in the big chump camp by missing something like nascent inflation. Of course these things happen slowly and we will be the first to know either way.
