I’m not in academia and I’m not an economist -which means my ideas might actually work.

Obama, listen up. In the name of stabilizing home prices, your advisers have confused the disease with the cure.

Here is my 5-point plan to fix the housing market

For those that dismiss this upcoming drop in the conforming limit as meaningless, why has the California Association of realtors raised the alarms and come out opposing this change? i think we all know the answer to that one.

On October 1st, the conforming loan limit for mortgages backed by Fannie Mae, Freddie Mac, and the FHA will drop from $729,950 to $625,500. This will absolutely impact home prices, especially in high-priced states like California, rewarding patient buyers with more affordable homes.

The policy of the Fed and Treasury with respect to the large banks is state socialism writ large, without even the pretense of a greater public good.

I wish I knew where this debate on mortgage finance reform is going. I suspect they will talk a lot, the rhetoric may get heated, but in the end they will do little or nothing now preferring to kick the can down the road to another crisis.