Housing Market Hurt By Government Interventions Meant To Help

Report:

The nation’s homebuilders will be building fewer homes this year than at any time since the end of World War II. In addition, the National Association of Homebuilders Housing Market Index hit a record low of 14 in October, and this index is scaled zero to 100.

* Where is the $300 billion in mortgage relief promised by the Housing Bill?
* The Conservatorship of Fannie Mae and Freddie Mac has caused mortgage rated to rise. While this has obviously occurred, both Paulson and Bernanke have lied to America, saying that Conservatorship has resulted in lower mortgage rates. Where’s the credibility.
* The Great Credit Crunch is a permanent part of our economy as long as the notional amount of derivative contracts is on the rise. You can not end it with a TARP covering a swamp of alligators. We need permanent programs to ease the pending Recession. There are no quick fixes and volunteer mortgage adjustment programs will not get the job done.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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