This is laughable. Let me get this straight, we are going to use my hard earned taxes to pay flippers and guys driving H2s in Temecula to hold on just a little longer. And now that their stucco boxes – homes that went from 200k to 700k in 6 years – have dropped a mere 10% in value, we have the President throwing money at them, Congress concerned and the Fed ready to act. Gimme a friggin break! Does anyone in DC realize what is really going on out there? I really hope that prices continue to tank and that we fall into a recession now. There are people who need to learn a lesson the hard way.
