What happens when you remove government props from home sales

Nothing good. From reader MC, this chart from The Big Picture

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One response to “What happens when you remove government props from home sales

  1. Anonymous

    Won’t have a sustainable recovery until after govt props removed from housing, consumer credit…and union entitlements solved

    A bloody (for the profligate) few years ahead, even in the dynamic, innovative US, let alone sclerotic EU/Japan