Sooooo you're saying Romney was President before, BUT the stock and the housing market didn't fare well on his watch?
No see, you're confusing him for the other the guy. I know they look a like, talk a like and Obama likes to still Romney's Ideas then claim them as his own. But one has a Red tie and is White and the other fella has a blue tie and is Black. Glad I could clear that up for you, so you don't go around sounding like a complete Jackass.
Under President Obama, there is no real “real estate market”. The government will pick up the winners and losers as long as the big government can grow.
The bank has no interest to liquidate the shadow inventory because the free money from Fed.
The squatters will stay as long as possible by exhausting all means, like principle reduction, loaner modification, etc.
The investors will stay on the side lines because there is no clear prediction that how and when they will be wiped out by the government again.
The hard working families will not be able to buy a home they can afford because the bank and government subsidized home “owner” have no interest to sell.
People’s life would be further controlled by the big government through control of “real estate market”.
Is there even a housing market? Orange County as a whole is going towards a month to LESS than a month of inventory. What we have is grid locked, demand destruction, no inventory, and no foreclosures happenings supposedly because of MERS.