Wednesday, May 19, 2010

Mortgage Applications Plummet To 13-Year Low As Tax Cuts Expire

Housing starting to turn down again. We need another stimulus/more housing support. Deflationary forces really building now. Stocks are in trouble.

1 comment:

Eric Peterson said...

Why on earth would we stimulate housing prices? falling prices will allow people to more easily afford homes while accepting lower wages at jobs. This is how economies recover from recession. medicine tastes bad, but sometimes you have to take it. to keep housing prices artificially high means less people can afford it and more people have to use more of their limited resources just to live. if it cost less, maybe they could buy other stuff, and put more people back to work. Hazaaaah.