Originally Posted by kap17
The problem right now is that people are not willing to buy homes. They think the market will still go down and they would rather wait until they see some sign of property values not declining. Once the prices level off or start to go up a little bit you'll see a lot more buying of real estate.

And following on that thought.... the "idea" is to help form a bottom in the market so that the renewed buying can commence.

This all depends upon somehow stopping the self-reinforcing death spiral we are now in.

"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel