My mood is particularly foul today with these announcements. I have been to two listing appointments this morning with people who are underwater. Both of them crowed about this announcement. I asked them if they have any idea if they qualify, and if they thought this was fair to those who had not bought and instead were prudent and rented.
They both said that is not their problem in the least.
The result was that both of them felt they could list their homes at higher pricing then comps suggested and that if they couldn’t make payments they thought in one way or another they would be bailed out.
