Mortgage Bailout.....err Stimulus

Well the real estate mess now gets their bailout, stimulus or whatever you want to call it. I hope that the deserving homes owners actually get help. I suspect that when the plan goes into action and the gov't starts looking at the numbers they will find a great deal of home owners who do not qualify for the new bailout. There are way too many who never ever should have received a loan. I also think that there a great number of people who expect this will somehow stimulate the whole real estate market and values will rise again like they have in the recent past. Homes prices should reflect the income of the people residing in that area and that is one thing that has not happened. We also need builders to stop building. They have overbuilt so much that we have a huge surplus of residences and we do not need more building. If they slow down building that will help values rise and the demand increases. In the Tampa market there are no shortages of homes, condos and such. There are still way too many that are priced way too high and those are going to sit for a long time.