It is becoming increasingly clear that the housing market in California, due to all the moratorium, tax credits and all the other B.S. they are doing to bail out the spendthrifts who bought houses they could not afford, will not correct until 30 year interest rates force the correction.
Until then, those who used their common sense, their brains and lived within their means will have to continue to be punished by the Government and watch the Gooberment continue trying to keep the spendthrifts, the idiots, those who do not save for their future, in the houses they never should have gotten in the first place.
You know it is time to invest in Gold when our Government rewards greatly stupidity and crushes commons sense. Of course, it has always been that way to a degree but never like this.
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I know that people want more affordability but the words “housing market in California … will not correct until …” seems to ignore the fact that we have had the largest correction in CA real estate in three generations by virtually any metric.
