The current real estate market is the most heavily subsidized and manipulated in US History. More than 90% of loans used to buy real estate in the US carry direct government guarantees. The federal reserve embarked on an unprecedented policy of buying mortgage-backed securities to artificially lower mortgage interest rates on the government-backed loans. Add to that the manipulation of the market by the banking cartel which engineered a 60% reduction in available housing inventory, and it becomes obvious that we navigate a housing market which has little or no semblance to a free market.
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More than 90% of loans used to buy real estate in the US carry direct government guarantees.
We have socialized healthcare. We might bring 90% to 100% so we can socialize the housing as well. We can then live happily forever, like our North Korea brothers.
Obama's controllers on Wall Street are finalizing their instructions to reinflate the bubble now.
The US government is now the largest corporation and 90% of loans used to buy real estate in the US carry direct government guarantees. It is nature for any corporation to inflate the price of their products. Only those poor people who have just elected the leader of this government would never be able to afford a house unless they are squatting in one already.
They are talking about taking away mortgage interest deductions, a very unpopular idea with many.
They might do something along the lines of phasing it out for future buyers. At least if they are smart...
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