I have yet to hear any concrete details about how FB’s will be helped.
I don’t think it’s possible to keep prices high, but I didn’t think anything in the past couple RE years was possible. When I graduated UCSD in ’93 I thought SD was overpriced. Man oh man look at it now.
I think the likely “bailouts” will be bailing out the lender and shagging the FB. They’ll stay in “their” homes alright, shackled to some sort of recourse loan with lower interest and a longer term, as their home value goes down like a (_fill in the blank_). Anyone else care to speculate what the details of the bailout might involve?
