“- If the first two don’t work, I would look for a spike in inflation….they have a built-in excuse with rising energy costs. If paychecks increase, house values may stop falling and the number of owners underwater can be minimized. The big losers if this does indeed happen: renters and those living on fixed incomes.”
I’d hate to see the government step in. It’s gonna hurt the little people like me, those of us who are waiting around for the market to correct itself so we can own property at realistic prices. Morally, a government bailout is just plain wrong. Whoever bought in the housing frenzy knew what they were doing; they didn’t have to be greedy. Even my 12-year-old has the common sense to know prices cannot rise forever. People rolled the dice and they lost, why should I have to pay for their mistake?
