'Underwater' Owners: Why Fuss?

Thomas Sowell, Investor's Business Daily"Housing Market Setback Forecast" the newspaper headline said. A recently released report on housing says that home sales are down more than 25 percent and the inventory of unsold homes is about 50 percent higher than it was the same time last year. This is just one of innumerable stories about the woes of the housing market. We all understand about human beings having woes. But how can a housing market have either setbacks or woes? Moreover, why should politicians be riding to the rescue of the housing market with the taxpayers' money? Receive news alertsWe hear all sorts of...

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