[quote=peterb]Typical govt. Close the barn door after all the animals have left. This does give the illusion like they’re trying to help. But now that so many are well beyond having 125% of value help them out, it’s really a political move to look helpful. [/quote]
I disagree. If you throw money at something, it doesn’t all come back. This particular action will funnel some real money into supporting higher home prices.
We keep putting our heads in the sand saying that all the govt money will have no real impact. The govt money funneled into housing in the last 2 years has reached many trillions. More is going in. It has already had an impact. It is having an impact now. It will continue to have an impact. It is the largest government fiscal action since WW2.
