Here we go again. This is so ridiculous. Is there anyone out there who actually thinks more price drops might not be the worse thing in the world and maybe this thing might be over sooner rather than later if they quit trying to fix it?

Let’s Bleed Slowly and For a Long Time

tmare - 25 May 2009 04:29 PM

Here we go again. This is so ridiculous. Is there anyone out there who actually thinks more price drops might not be the worse thing in the world and maybe this thing might be over sooner rather than later if they quit trying to fix it?

Let’s Bleed Slowly and For a Long Time

The only thing this could accomplish is that it might lessen the downside overshoot. It will not support inflated prices, but it may stop us from rolling back prices to the mid 80s in downtrodden markets. If implemented, it would put a long-term cap on appreciation, perhaps a decade or more.

IrvineRenter - 25 May 2009 04:56 PM

tmare - 25 May 2009 04:29 PM

Here we go again. This is so ridiculous. Is there anyone out there who actually thinks more price drops might not be the worse thing in the world and maybe this thing might be over sooner rather than later if they quit trying to fix it?

Let’s Bleed Slowly and For a Long Time

The only thing this could accomplish is that it might lessen the downside overshoot. It will not support inflated prices, but it may stop us from rolling back prices to the mid 80s in downtrodden markets. If implemented, it would put a long-term cap on appreciation, perhaps a decade or more.

I would call that the ultimate slow bleed.

There is zero chance of this coming to pass.  It’s interesting, but on the face of it, there’s enough wrong with it on a functional level it will be impossible to get enough stakeholders to agree to it.