[morphball]

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Nonetheless, many do feel that the govt must protect the housing market.


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The housing market is in trouble because the government inflated it in the first place. Keeping it inflated will not solve the problem.

Read between the lines, they are pumping money in like crazy because they do not believe there will be a "soft landing." Will these new efforts make one?

I know that if they don't work, there will be a lot of short term suffering, but the country will be better off facing the music now instead of later, so I kind of hope they don't. We need a good old fashion recession to clean the house.