Let me count the reasons. FDR. LBJ. Carter. Clinton. Dodd. Frank. Obama. Even Bush.
Government is the problem - RR
Prices are falling because of short sales and foreclosures. They’re priced 20-30% less than a traditional home on average. If you’re trying to sell a $400,000 house and 2+ foreclosures come along in the same neighborhood, you’re doomed.
Giddy up Jim...let me add...
The median home price (adjusted for inflation) is $100k, right now it is north of $180k...it will continue to fall and go below $100k (who knows how low with deflation coming and continued rapid monetary contraction) and then will settle back around $100k.
When are we going to learn...whenever the government claims it is putting something in place to fix something...the fix they are talking about is their hidden scam.