This is not meant for everyone. But, for the right people, this should be a must read. Those people are:

• First time buyers
• People that aren’t selling a property to buy another
• Those living in a high demand area and looking to move to a lower demand area
• Long term investors

If you are in one of these groups, I would recommend looking around and thinking about the future. We know that the real estate market downturn will go away. We know that values will begin to rise. What we don’t know is exactly when…

I started by explaining in Everybody put your heads down on your desk… how we got to this ugly spot in the road where we see the paths of:

• Government intervention in loans

or

• A rush of foreclosures

In this installment, I’m going to outline the case for why it is the wrong thing for the government to do. There are reasons that range from moral to financial to precedents. Remember, that this isn’t an easy decision, and regardless of the path, people are going to be hurt. However, as my father was fond of saying, doing the right thing can hurt, but that doesn’t mean it should be abandoned.

Let’s start with the precedent.