How Bailout Attempts Back Fire

Posted on Tuesday, January 5, 2010

Some of the ways our housing has been artificially held up are starting to haunt us...

Interest rates have been kept too low for too long

FNMA and Freddie have been bailed out one too many times.

FHA has been making low downpayment loan for too long.

Government has been handing out freebies to home buyers long enough too. ..don't be surprised if this program is extended for another 6 months!

No wonder it looks like housing may have recovered.

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