Government is re-inflating a DANGEROUS bubble in housing

[hueyeats]

Yes....

And why do you think there is this:
Insight: Falling home prices drag new buyers under water | Reuters

What good is that $8K new home credit when in 2 years you would have lost even $20K in that new home you just bought in 2009???

Things that make you go hmmmm...

[jimhcom]

Originally Posted by LIGuy1202

Perhaps housing should no longer be used as an important index of economic well-being. It wasn't, prior to the end of WWII. It became one only because of the GI Bill.

Prior to WWII housing did not constitute the kind of huge investment it does now. People used to purchase a house with a shorter mortgage than what many people now pay on a car. Perhaps when our standard of living falls to the point where very few can purchase their own home we will have a automobile index.

[Marv101]

There was an astonishing article in IBD recently which state that the 'qualifications' for getting one of those mortages were so generous that being unemployed was not grounds for being disqualified from eligibility for one of those mortgages.

Obama & Holder are being as imbecilic as Clinton, Barney Frank & Janet Reno were in 1994 when Slick Willie decided to finally put some teeth into enforcement of the CRA of 1977.

[msdmoney]

As predicted things are not looking good for the FHA

FHA Nears Need for Taxpayer Funds - WSJ.com