I'm disenchanted right now with the whole housing scenario, thus the silence. As housing bloggers know well, President Bush announced a program to help homeowners last Friday. Ostentatiously called a "lending hand," it really is a soft bailout. Here are some interesting viewpoints on the plan:
Is America really pro-bailout? Los Angeles Times - According to a recent Fox News poll conducted by Opinion Dynamics, there's 70% opposition to a taxpayer sub-prime bailout
Major bailout is unlikely on sub-prime mortgages. The Hill - There doesn’t appear to be sufficient appetite in Congress for rescuing borrowers with taxpayer funds. (Damn right there shouldn't be!)
Will Congress bail out lenders? MarketPlace radio segment with Steve Tripoli - What I'm concerned about is that Congress is going to engage in a wholesale bailout, with taxpayers' money, of lenders and borrowers who've made very bad decisions.
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Hmm. Gotta love real estate spammers. It would be an interesting job, I think, but I would take a much more dadaist approach. Work your links into discussions of currency carry trade, or the Alien Tort Claims Act. Anyhow, if you work in marketing, then it seems like ex-real estate folks would be perfect. After all, their main job is to market properties and create demand on the margins.
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