While the policies implemented by the central government in 2011 have been effective in stabilizing residential price growth across the country, they have come at some cost to the coffers of the local governments.
Texas Pacific "may be comfortable in temporarily bridging the company with an equity infusion, thus stabilizing it" and possibly getting a higher price in a sale, he says.
After a rough start to the high selling season of spring and summer, due to weather and other outside variables, that price drop is slowing down and stabilizing.
Monetizing debt and allocating credit, rather than stabilizing the growth of nominal demand and achieving long-run price stability, have brought the Fed into dangerous waters.