The impression of some is that it’s never going to end. I was trying to understand the strategy of extending foreclosures and it was explained on SDL “Delay foreclosures so some of those owners can benefit from one or another of the various foreclosure mitigation programs/actions underway or about to begin and keep their homes.”
So I guess the government is going to do everything possible to delay, procrastinate, refinance and delay further, write-down loans, artificially continue to prop up real estate prices, print money, steal from taxpayers and did I mention prop up real estate?
Yes. The bubble will not pop and all renters will be priced out forever b/c prices will not come down and there is no such thing as affordability factor and forget loan to income ratio. Nonsense.
Someone told me a median income will never afford you a median home in San Diego. And at this rate, I’m going to agree. /end frustration rant.
