Everyone is writing reaction stories to the $75 billion foreclosure prevention initiative President Obama detailed Wednesday.
The hardest-hitting coverage comes from reporting on resentment among solvent homeowners toward people suddenly getting government help to pay their unsustainable mortgages.
Those pieces have generated their own share of reaction from anti-resentment hand-wringers who say, with some accuracy, that even solvent homeowners benefit when their neighbors avoid foreclosure.
The economic story I'm yet to see is some reaction from home-shoppers, or at least discussion of how non-homeowners will be affected.
By propping up home values, or "stabilizing" the market as proponents like to say, the government is keeping people in homes than other people may already be ready and willing to buy.
The tough question is, why is it good public policy to keep some people in homes they can't afford on their own at the risk of inserting a false bottom on prices that could prevent others from becoming homeowners.
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