Saturday’s Wall Street Journal chronicles the latest housing intervention plan in a story titled “Mortgage Plan Remodeled Again.”
I have written extensively about the residential real estate problems and dynamics thereof.
It strongly appears as if we, as a nation, have come to a place where there is hardly a real estate intervention that we don’t like.
I think this situation is one filled with peril, as I strongly believe (and have written extensively of) the unintended consequences and hidden risks of interventions.
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SPX at 1166.59 as this post is written