Real Estate Bloom

Some experts claim against the expenditure that has been done to maintain prices after the U.S. government has implemented numerous plans to keep housing prices artificially waiting for an economic recovery, some economists and analysts are urging the Obama administration to stop the housing market to fluctuate freely up to a crash if needed (talk about a decline of more than 10%)

In their opinion, would allow the entry of new buyers at low prices that would bring in a natural way the desired stability of the housing market that the government is seeking to spend millions of dollars that are just getting (the price of housing plummeted in recent years, home sales are minimal). is that in recent months the U.S. government was quick to intervene in the market using tax credits, changing mortgage programs, promoting low interest rates, among other measures.

Clearly, the article explains the new york times, would hurt a major group from the standpoint of political and economic: the owners of flats, that the more “poor” feel, the less spent on consumption.

Certain alarms jumped last week when Secretary of Housing and Urban Development, Shaun Donovan, said that would do everything necessary to ensure that the housing market recovers, which was subsequently denied by the administration.

Some experts say the government’s attitude so artificial keeps housing prices high. This, they say discriminates against some people living in rented accommodation and could buy a $ 200,000 house, but not more than $ 250,000.

And it grows every time the chorus of voices that point out that government intervention is not the appropriate response to the situation.