It's a once in a life time gift!

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March 21 (Bloomberg) -- The Obama administration put the finishing touches on a plan to remove troubled assets from banks’ balance sheets that will be unveiled early next week.

Treasury Secretary Timothy Geithner intends to expand the Federal Reserve’s new $1 trillion Term Asset-Backed Securities Loan Facility to buy frozen assets, according to people familiar with the proposal. The revamped Fed program will sit alongside the Treasury’s planned public-private investment funds, while the Federal Deposit Insurance Corp.’s role will probably involve buying distressed loans, the people said.

Blogger comment: With so much government money (our money) being spent on the repair of the financial system, interest rates at 80 year lows and hyper-inflation coming soon, the bottom of the real estate market can't be far off.

When interest rates start going back up, it will be rapid. When hyper-inflation begins, prices will skyrocket. It saddens me to think of all of the people that are currently waiting for the housing market bottom, only to have possibly already missed it. When you can buy a property for 40%-50% off at 4.5% (or less) interest, jump on it. It's a once in a life time gift!