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<p>[QUOTE=&quot;medoraman, post: 1297164, member: 26302&quot;]Any short term damage is just that, short term. Better to take your lumps right away to allow for the rebound. </p><p><br /></p><p>Lets look at the housing bubble in the US. We are now, what, 4 years past the start? Is it any better? This is why market corrections should always be allowed to happen. If we would have allowed the market to correct, we would be 2 or 3 years into the recovery already. You will not see a strong housing recovery until buyer believe we are at the bottom and prices are increasing again. It is government interference that has made is a 4 year long and counting disaster in the housing market.</p><p><br /></p><p>Would people have lost money? Yes, but they were the ones buying at those prices. They took the risk, they lost, lesson learned and move on. Dragging this out hurts everyone in the country, not just those who took foolish risks or made bad decisions. I remember distinctly people bragging about taking out $100,000 out of their house to finance world cruises, luxury cars, and the like. They are the ones who should suffer the most, not the rest of the US. Why aren&#039;t there essays about this today, talking about how millions of jobs in housing have disappeared because the government is stringing out the housing crisis, and not allowing these house speculators take their losses?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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