Quite frankly this is just another case of the rich getting richer. Who will it help? It will help people like me (I'm not rich but certainly well above average) reduce their debt service and free up capital for other investments. I already see properties I could cash flow on and expect even better deals soon. The insolvent and underwater will still be crushed but the financially conservative, well invested folks living well within their means will enjoy a bonanza!
Thread hijack.
sdrealtor,
If you don't mind, would you care to share some insight into where your starting to see properties that you could possibly cash flow on? Without specifics, mind if you share the type of property and general location? I'm curious because I've been checking around, and while things are getting better, I haven't been too lucky in finding that many places that would cash flow without still a hefty downp. I'm sure you're much more experienced at this, so perhaps I'm not looking in the right neighborhoods. Or perhaps you just have much more financial capital at your disposal.
