I am on NPR radio discussing the Fannie/Freddie bailout, as well as the Housing market and economy.
The bailout does not save the Housing market, which remains distressed — but it stops an immediate further damage from the mortgage giants to the real estate market.
Housing still has 4 problems:
1. There is still way too much inventory for sale; (not counting the "Shadow Inventory")
2. Houses remain too expensive, by either Median Income to Median Home Price, or by Rental prices to purchase expenses;
3. Millions of home owners who cannot afford their homes have yet to short sell/walk away/foreclose;
4. The Economy is entering a recession;
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.