This is too complicated for the likes of the folks in Congress, or for that matter anyone else and thus too many cooks are allowing the decline in property values to continue to plunge and to become runaway housing deflation, with no effective solutions on the horizon. This is very bad for two reasons.
Archive for June 30th, 2008
Why Isn’t The Housing Bailout Effort Working?
Posted in Broken Government, Economy and Trade, Government, WP Political Blogger Alliance, tagged Congress, equity, home sales, home values, mortgage crisis, mortgage defaults, property values on June 30, 2008 | 3 Comments »
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