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Housing Market Tracker - It's About Affordability, Stupid.

<<The decline needs to be stopped quickly in order to avert additional crises.” (Bill Gross in Seeking Alpha, Apr. 1st) >>

Housing price support? Just to support housing prices in California will require over $500B.

Fed's Benny can do it but gas prices might go well over $10-20/gallon. Ben likes to iflate the US economy out of the present crisis. But, energy providers might stop accepting US$ as payments for oil and gas. There is more than enough fiat-paper money floating around. Remember that such major energy suppliers as Russia, Iran, Venezuela are not exactly friendly with the USA.

This is exactly what happened in 1931 when Fed had to start raising interest rates.