cheapseats

The recession doesn't end until the real estate market hits bottom.

They're trying to prop up the bottom. But by doing so, by artificially bolstering values, these foreclosed properties will be rendered desirable and affordable to...people higher on the totem pole.

Let those houses fall to their true values and ALL housing prices will adjust accordingly, as they should.

This way, the spruced-up low-end houses will not go to the lowest end. The lowest end will not be able to afford the houses, except as renters.

That the banks holding the real estate will benefit from sale of higher-priced homes is something that a grade schooler would understand.

THAT, my friends, is a Republican design. Democrats are dupes and dopes.

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