Popping the Real Estate Bubble
According to Robert Samuelson in a report in The Washington Post, the U.S. government’s attempt of delaying the expected ‘popping of the real estate bubble’ is actually more harmful than good. The result of which is a staged increase in home prices which many home buyers can no longer afford. He also said that if the adjustment will take much longer, the housing market will continue to go down the drain. House sales would still be weak resulting to higher number of unsold homes and construction will continue to be low. That is how economics go. If only these government officials learned from the ‘Great Depression’ that happened in 1929.
