'Saving' the Housing Market...

[redcliffsw]

We hear all sorts of sad stories about people whose homes are "under water" or who are facing foreclosure. But why should our attention be arbitrarily focused on these particular people, rather than on the many other people who would benefit from being able to buy those same houses, if the prices came down? The government is artificially keeping the prices up with subsidies and with pressures on lenders to accommodate the current occupants.
-Thomas Sowell

http://www.lewrockwell.com/sowell/sowell32.1.html