Thread by @ronmortgageguy

Best Quote of the Day

A couple of VERY smart guys were part of a panel today

Guys who meet with the bosses of at the various levels of government and the Regulators

The upshot is there are a bunch of people in government working on and worrying about housing

2/

2/ the best quote about the government's take on housing policy: "they don't know what to do"

That's tough to hear but so honest, because it's so frigging complex, because there are too many jurisdictions and there is a killer divide between camps

Start with the 2 camps

3/

/3 if you already own a home you want the values to go up and never fall, if you don't own a home you want the prices to drop

There is no middle ground and there's tons of folks on both sides

There are 3 levels of government and various Regulators and Agencies

4/

/ 4 all involved in housing with divergent goals and several levels addicted to Real Estate taxes and levies and distrustful of the others policies and motives

When you hear about great uncertainty and indecision all you can reasonably expect to see is more of the same

5/

/5 so what can we expect: NOTHING; most likely just patchwork policies and mild stabs at fixes

So will worry and uncertainty about housing continue until general unaffordability creates a true crisis?

Most likely: YES