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: Mortgage Lender Implode-o-Meter

Reality Economics

By Implode-Explode Heavy Industries

``The problem is that you can't artificially boost both supply and demand at the same time. If you subsidize housing construction and that results in more houses being built, you apply downward pressure on the prices of houses that are currently on the market. If you subsidize house buying, you also promote house selling, allowing the reality of the real estate glut to express itself in home prices. There is no way that the central planners can get around this problem unless they both build and buy houses themselves and leave the rest of us out of it.''

Full post as published by Mortgage Lender Implode-o-Meter on September 05, 2010 (boomark / email).