Print oodles of money, give it to NGOs and their grifting principals, then raise interest rates for the taxpayers who are paying for the grift and take more money out of their pockets. Oh and crash the market in goods and services.
Interesting, given that consumer confidence just rose slightly in the latest report today. Maybe people are buying toys and/or RVs since houses are too expensive.
Oh by the way, 2008 was different from now. The unemployment rate was 7.2% for one thing!
Also, the extremely low mortgage rates and too-easy qualifying went away about then. Most everyone bought during the low-rate/low qualification requirements period. All this led to the best deals in a decade by 2010-2013.
that is the FED’s fault...they are keeping interest rates too high...
just checked my zip code
wash suburb
listings have exploded
from 17 to 107
but this is the start of selling season
Uh oh.....Florida market is crashing slowly
“”I live in south fort Myers by the Florida gulf coast university. We paid 400k for our townhome. The townhomes in our nieghborhood are currently priced at 320-360 and they’ve been sitting. Some for months””
https://www.reddit.com/r/REBubble/comments/1jdrr6w/florida_market_is_crashing_slowly/?rdt=36938
Of I was going to buy a house, I would look for a property where I could assume the loan of the seller and use the profit from selling my home to cover the difference.