Housing Woes Bring a New Cry: Let the Market Fall

What a great weekend!  I hope you guys found time for fun with family and friends... and enjoyed some good weather. I’m posting a few articles I came across early this morning.  It’s always a great way to get my head back in the game after some time off.

Let’s begin this week with a question: If you’re running the country, what do you do?  Do you throw everything and the kitchen sink at the housing market as a way to prop it up, buying time until the economy you inherited recovers?  Or do you let the housing market fall further and risk an onslaught of strategic defaults by homeowners who decide not to pay on mortgages that will forever be upside down?

~josh

Read the article at The New York Times.

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