Please, No More Housing 'Help' from the FCOMMENTARY | Defenders of Federal Reserve Chairman Ben Bernanke and his member bankers claim the Fed's most fervent desire is to help homeowners. Business Insider described Bernanke's latest suggestion as a "call to action."
But we're desperate, begging. Please, please, no more help.
We will soon be trying to sell our house, but every move by the Federal Reserve and the Obama administration seems designed to hurt us financially.
Government housing initiatives have put more inventory on the market or left buyers uncertain about where house prices actually are. Resident home sellers are at the mercy of nervous appraising banks who depend on the kindness of government regulators.
As with other homeowners, we've had to accept the plunge in housing prices that began five years ago. You'd think by now we'd have hit the bottom.
ed - Yahoo! News
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