|
There's a lot further to go down before anyone starts going up again. In the mean time, people will simply do the best they can with what's on offer. The fact that no one will have money is exactly why house prices will drop. Eventually they will get to a level that even low income earners can afford, and then the market will start to pick up.
In many ways, these stimulus packages that the US and Australian governments are offering are really just a bandaid cure for the inevitable. It's too late to stop what must happen now.
__________________
Kind words are the music of the world. F. W. Faber
|