Charles Hugh Smith of DailyFinance asks, “What Happens To Housing’s ‘Turnaround’ When Uncle Sam Backs Out?”
This provocative article looks at the housing crisis and the stabilization measures now being taken and asks hard questions but offers few answers.
Think of crisis management as a green house. As long as plants are not exposed to the elements, there is little chance of knowing, with any level of certainty, that they will survive when fully exposed to elements.
Currently the housing market is being supported at an unpresidented level by tax payers–you and me.
In fact, more support is being afforded the housing market than any other industry in history and it ‘appears’ to be having the intended affect.
How this will all play out is not yet know but this article should make us all think and plan accordingly.
