Administration Bailing out Housing Speculators

If this is not a slap in the face to all Americans that bought a home they can afford and continue to make their monthly mortgage payments during a rough economy, I am not sure what is.

DC has decided to allow for landlords to qualify for up to four federally-subsidized loan workouts starting in May. Many of these landlords gambled on rising home prices and lost and therefore running up the prices of homes before the bubble. NOW, the Obama administration is bailing them out??

If that is the case, why not bail out speculators that buy stocks and lost money during the recession? Where does this bailout mentality end??

At some point in time we must take responsibility for our actions and not rely on the government to continually bail out speculators and gamblers. This hurts the honest, hard-working Americans the most!

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Article

Housing Numbers Not Improving - But Bottom Is Here?

The Case-Shiller 2011 year-end readings show that all three major indices (national, 20-city, and 10-city) close at their lowest readings ever. Numbers last week showed housing prices fell 2.4% in 2011, but increased during the fourth quarter of the year.

The numbers continue to be weak, however the magnitude of the downtrend has slowed dramatically and this could be a major step in forming the bottoming process. If the home-related stocks are any indication, the bottom will be found in the very near future. The iShares Home Construction ETF ($ITB) is up 16% in 2012 and well off the lows of early October. The ETF hit a 52-week high in early February.

I am not one to try and predict a bottom for any downtrend in the market or life. However, my gut tells me that a bottom is near for the housing market as long as another black swan does not appear in the sky.