icandoitdon

Why a Revamped Housing Plan Should Be Government's First Priority

yes, old limey, you are correct.

funny how people seem to think that rational public policy will get us out of the mess that dysfunctional public policy did so much to engineer.

the uncertainty created by current public policy ensures that there will be no sustained recovery in the housing markets or in equity markets for years to come. there is simply no incentive and no upside to risk taking in this environment. everyone will expect and look for government help. instead of a few significant down years and recovery from a sustainable base we'll slowly continue to sink into the economic abyss.