.The linked AP alrcite indicates for the bailout to work, housing needs to stop depreciating. Affordability issues coupled with tightened lending standards will almost guarantee housing will continue to depreciate. I guess we had better settle in for a long term adjustment . -..By STEVENSON JACOBS,AP Business Writer Sat Oct 4, 2:47 PM ET.NEW YORK Washington's financial bailout plan is now law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, right?.Wrong. Experts say the most important thing that needs to happen before the $700 billion bailout even has a chance of working: Home prices must stop falling. That would send a signal to banks that the worst has passed and it's safe to start doling out money again ... Rate this comment: 0 0

by Otong 06:30:25 AM 2012.11.03