Sorry, but the missing factor here is the need for a sustainable job market in order to privately subsidize and sustain the purchase/mortgage for a home.
Without job growth, the market is going no where but down.
There's not enough growth to sustain the market nor generate confidence for buyers to purchase a home.
It would require competent leadership and economic savvy in order to boost confidence in the market, inspire job growth and provide an incentive to purchase a home, which in all reality, is a heavily depreciating asset.
In short, we're DOOOOOMED. Ok, maybe not, but we really need a conservative to win in 2012, and take the senate while keeping the house in the process, and drive the socialists into the seas.
“Sorry, but the missing factor here is the need for a sustainable job market in order to privately subsidize and sustain the purchase/mortgage for a home.
Without job growth, the market is going no where but down.
There’s not enough growth to sustain the market nor generate confidence for buyers to purchase a home.
It would require competent leadership and economic savvy in order to boost confidence in the market, inspire job growth and provide an incentive to purchase a home, which in all reality, is a heavily depreciating asset.”
Someone else who gets it. A well written, and well thought out analysis. Sadly, I wish the conclusion, “In short, we’re DOOOOOMED,” weren’t true, but it seem to be not only true, but worsening with each passing day! I fear 2012 may not offer the reprieve we so desperately need. I pray otherwise!