[quote=KIBU]Only thing different I can see is that the wait will be longer and longer but the price will still go down much more for the areas not significantly hit yet.
It will come to a point when the collapsing housing market is not the only worst thing that will/can happen, the govt’s actions will bring other disasters looming as well that together won’t allow govt to forever go down this delaying route.
But personally how many years do you want to wait??? [/quote]
The question then is, if you have to wait much longer, wouldn’t time and inflation eat away the nominal decline? If they can drag this out long enough and inject enough inflation into the system, in nominal term, we might not be that far from the bottom. Obviously, in real term, we’re still very far from the bottom in some areas. As long as the government keep on putting measures after measures to slow down this decline, I think they’ll be successful.
