johnny g

Why the Housing Bill Won't Help the Housing Market

Bill's got it 100% right, it's all about inventory reduction.

The normal supply of inventory, based on customary developers risk reward pursuits is the proverbial light which is now non-existant.
When we begin to see that light again, we'll be on the way back up.

Other ways to speed the process along would be to increase the American doors to controlled immigration (let's go back to getting the world best and brightest).

Another would be to not abate the current dollar deflation, after sufficient devaluation, pull a Paul Volker and hit the interest brakes real hard for about 6-12 months (squeeze out the inflation psychology) .

I'm sure we will see some strong Federal and select State tax benefits/incentives offered to accelerate that inventory reduction.