Comments on: Mortgage Debt Falls, Property Values Stabilize

By: Bridget Magnus » Odds and Ends

Bridget Magnus » Odds and Ends — Tue, 15 Jun 2010 16:14:30 +0000

[...] good news is that property values (nationwide) are stable! The bad news is that mortgage debt is falling. Why is that bad news? It’s not that we are [...]

By: Jim Beam

Jim Beam — Sat, 12 Jun 2010 14:55:58 +0000

In another 20 or 30 years they’ll look back at this period and laugh, saying that they let a housing bubble inflate and pop and then tried to prop up prices for years rather than letting market forces undo on the way down what they did on the way up.

These government subsidies are just crazy when you think about them – the mortgage interest deduction, the property tax deduction, and the tax-free capital gains were all bad enough but now the government originates and/or backs 90+% of the mortgage market, keeps interest rates at what Tim rightly calls “freakishly low” levels, and, up until a month ago they gave away $8,000 with each new home purchase.

This madness has got to stop someday……

By: Dan

Dan — Fri, 11 Jun 2010 23:43:05 +0000

I’d love for those levels to be lower. That might actually help housing become affordable. It’s too bad the gov’t got involved and kept housing unaffordable…