Sure looks like the govt is trying to make the train wreck a slow and somewhat managed crash. Instead of one huge and devistating drop to the floor. Hence the low interest, low down payment loans and stalling the foreclosure process.
Give away funding and dribble out the inventory. Fired-up demand and supressed supply. I guess it’s one way to attmept to control a market. But one must consider how long this can be continued? Sounds like a methodology to keep the market in kind of limbo for a long time.
Strange days, indeed.
