Real Estate buyers are not looking and real estate is not selling.
We are seeing the effects of big shot intellectuals, like Timmy, working only from their inexperienced perspectives in a real world that demands experience to operate with any reasonable continuity, much less prospering.
They treat the markets like a college experiment.
"Slow auto sales...provide a cash-for-clunkers credit."
"Slow real estate market...how bout a first time buyer's credit."
Without any real experience, they assume experience has no value. They are like summer interns and new hires right out of college--full of big ideas that an experienced person would laugh at.