D. McHattie

Over-Correction in the Phoenix Housing Market

"What if a group of large banks agreed to NOT resell their foreclosures in those zip codes where the median price per square foot was less than, say, the 2003 median price per square foot?"

That would be collusion. That would be a criminal act. Only a total scumbag would even think of such an anti-competitive, socialism-for-the-home... policy.

Have you ever heard of a home buyer? Do you not realize that it is innocent, responsible home buyers that you hurt when you seek to maximize the price of a basic, necessary good: shelter?