Considering that we have a Democratic President and House and Senate are largely Democratic… why? Three reasons.. Pelosi, Raines, Franks.. who are ‘staunch’ Democrats and are working hard behind the scenes to find ways to support RE prices. These are the same three who subverted bills to regulate the GSEs and banks from unsafe lending, which helped create the bubble and left us where we are now.
Sure, Democrats enabled the banks and gave them exactly what they wanted too. Still, talking about democrats NOT regulating is funny. Usually if they try to regulate anything they get dog-piled by the free-market crusaders. Now, they are getting criticized for not regulating. Too funny.
