Originally Posted by JG183
genius -- this has been going on for decades
Please....had they let Fannie and Freddie fail, you could bring rates down to -5% and you'd still see a 50% haircut on real estate throughout the country. Doesn't matter though. If they ever do get housing prices to rise, it will be meaningless. Your house will be worth a million bucks, and it will cost you $500 to fill up the gas tank. Regardless of what happens to prices, housing will lose value. It's obvious there are better places to park your cash outside of real estate. Hell, you'll even get a better return investing in insolvent banks these days.