I still don’t see how any of this will stop the depreciation of homes. The fundamental fact is that wages aren’t rising and the average person can’t afford the average house and there won’t be a return to easy lending and interest only loans.
Radelow, posts in the last couple of days, on various threads seemed to bring the consensus to the point where it is agreed house hold incomes have risen? Of course there are exceptions for RE related and will be for not so recession proof positions.
I look at loan modification, moratoriums, credit infusions and rate manipulation to the downside as potential delay tactics and damage control. I would think they should have some effect. There are so many unsalvagable properties out there that the correction will be fast despite any efforts to the contrary but the floor will be brought up to the extent any salvage can be successful. Just food for thought.
