Sat, 4 Feb 2012, 1:25am PST
My friend is going to go for this even though he's not underwater. But, he's gonna take a new 30 year mortgage even though he's got just 16 left on his mortgage. Whatever lowers his payments he likes.
Obama is obviously trying to buy votes.
House prices are going to continue to fall where the wages are far below 1/4 house prices, where there's 10% + unemployment, where there are many foreclosed houses, where there was a big bubble, where the demographics are bad.