It's bizarre that I have never even heard of this "federation", but if they have 2000 members than I suppose they deserve some merit. I do wish the government would get a little more creative in ways to help decrease property values that do not include making it even more difficult for first time home buyers to get approved for financing. From where I sit, the answer is directly in front of me. Concentrate on improving the economy. Interest rates will increase and property values will drop accordingly. In my opinion the government has been looking at this "property value crisis" ass backwards (normal for this government with everything). Slowing down the economy by making it near impossible to purchase a home isn't going to lower home prices nearly as quickly as a healthy economy with normal lending rates. New housing starts dropped 70% in my city last year because the economy is so bad, and builders have had a difficult time dealing with all the finance changes made in the past 5 years straight. Anyway, maybe I'm way off, but that's how I see it.

How is it that these mortgages at interest rates of 2-5% out there are of such grave concern...but the credit card debt at 19% doesn't warrant any attention...JUST ASKING