[quote=IONEGARM]… FHA is understaffed and now represents a huge chunk of the market.
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My point exactly. That a big chunk of the “market” has nothing to do with market and everything to do with populist politics! Can’t anybody in govt (Larry Summers, Tim G., Paul Volcker, etc.) tell Obama that delaying the inevitable will only prolong the pain?
We need prices to come down to reality before a real recovery can start. Artificially keeping prices inflated will only create a temporary relief but we’ll have to pay for it later.
