Should the US Government Let the Housing Market Collapse?

Tuesday, September 07, 2010

For Sale (Flickr: Ian Muttoo)

Housing prices have dropped an average of 26 percent since last July, and many economists and realty analysts are recommending that the federal governement do... nothing.

The federal government has tried several options to try and stabilize the markets, thus far to no avail. The difficult decision to come is whether more stimulus money should be spent to keep the market afloat and try to help struggling homeowners, or to do what many economists and analysts are suggesting—let market prices collapse.  The move would hurt current homeowners but benefit future homebuyers, who will be able to buy houses much more cheaply. Louise Story, Wall Street and Finance reporter for our partner, The New York Times, reports on the latest article by David Streitfeld.

Guests:

Louise Story

Produced by:

Kal Elsebai

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.