It started with bailouts, followed by proposed interest rate freezes, then re-negotiating adjustable loans, now let’s give them $5000 for buying a home.
I wonder if they will ever realize that everything they do to keep people in over-priced homes today, will further hurt values, reduce future sales, and limit potential buyers for years to come.
There’s one thing that will pick home sales back up: lower prices. Yet they’ll do anything and everything to prevent that.
