Government efforts to put a bottom under housing prices are failing in large part due to a movement across the nation to bring housing prices into truly affordable ranges by oddly enough…. The American consumer.
The absolute strike by home buyers, telling the bankers to keep their over-priced houses has stymied all efforts to perpetuate unfair usury and lifelong servitude to banks.
Families all over the country are finding that renting is not only getting cheaper by the week, as more rentals flood the market, they also discover freedom from weekend devouring maintenance and revel in the joy of weekend free time instead of Honey-Do list hell.
In an unforeseen benefit, retail sales have shown strong gains as lower rents, as opposed to insanely high mortgage payments, has given consumers spare cash to prod the economy (70% driven by consumer spending )into a recovery that greedy bankers and banker slave politicians did not see.
Proving that sometimes the easiest answer is the best answer and the complicated and useless efforts to keep Americans enslaved to earnings crushing mortgages all their lives is not a good recovery plan.
