Money Does Not Grow on Trees
One way or another, our homes will be worth less. Either we let the market self correct or we create such inflationary pressure that everything becomes worth less.
I heard this morning that home sales in California are up 85%. Seems that the market is working correctly.
A housing bubble was created with cheap loans = Homes were overpriced
Homes were overpriced = no one could afford them
House Bubble collapsed = Home prices come down
Home prices come down = Sales increase
What is so hard to understand?
