LET THE HOUSING MARKET SELF-CORRECT

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Uploaded by on Dec 28, 2008

The housing market should be allowed to self-correct, instead of fighting tooth and nail to preserve the current over-inflated values od real estate properties. If we fail to do this, our great country will be plagued by more devastating problems.

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  • Housing should be allowed to correct in what market? The unregulated market they were bought in, or the over-regulated market they're forced to sell in? Are people who DIDN'T take risky loans, now supposed to lose 50% of the purchase price? Are responsible people who put down their entire life-savings to buy a home, supposed to lose everything they ever worked for? Is that what you want African Joe? You want every homeowner to loose money, in order to pay the price for this government's failure?

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