but if the trend is towards millions of foreclosures over the next 6 months, that trend must be stopped and it must be stopped now.
Why must that trend be stopped? Do you think every American should have a house whether he can afford it or not? I say let this bubble pop and don’t try to prop it up. In my opinion, it will be much worse for the economy in the long-term if the fed tries to prop up this bubble. Let the millions of current home owners who never should have been in a home in the first place get foreclosed upon and go back to renting. That’s the way we should have been in the first place and I hope that’s where the market heads back to.
