Saturday, September 10, 2011
I posted a Poll in the sidebar.
I had originally predicted back when I started writing this blog in 2007 that the Housing Market would recover in 2012. However, I warned that if the government tried to get involved they would simply make matters worse.
This is exactly what happened with failed policy's like the first time home buyers credit that simply pushed all the demand into a small window and dried up demand for the next year. This also upset people who were not technically first time buyers, but chose to delay a house purchase because the credit was an unfair playing field that they did not have access too and had to compete against.
To make matters worse the government is now talking about selling off foreclosed homes to private investors in bulk, and letting them make a fortune on it. (I will write an article on this later). Once again the government is in the business of picking winners and losers. They need to learn to stay out of the way of the free market, let prices drop, and then let a natural recover occur.
Of course...That would make to much sense.
Posted by Chris at 7:25 PM