If there’s a tiny little ray of hope, it’s that Congress is so tied up struggling over who’s going to get what in this giant package of freebees, that the bill may be so compromised as to have little impact, and the groundwork for the recovery may have been sufficiently established by the time they pass it that even their meddling can’t screw it up.
Whereupon, of course, they’ll take credit for having created the recovery.
In my neighborhood in Southern California there’s four bedroom houses selling for 250 grand and little ‘starter’ cottages for just over a hundred. With mortgages in the fives now, we’ve almost returned to the point where affordability is at the traditional level.
More likely the bickering will result in "something for everyone".