[quote=Rich Toscano][quote=no_such_reality]True, but only because the Government intervened and allowed all the weak hands to hold properties. Especially the banks.[/quote]
What’s that got to do with it?[/quote]
In order for prices to fall, homes have to be allowed to sell. That banks were allowed to constrict supply, not liquidate their repos, not foreclose and float their balance sheets to prevent steeper falls on home prices. You add HAMP, HARP and HARP 2.0 and homes that would have ended up on the market were all kept off the market.
