Was the "Great recession" the final nail in the middle class coffin?

Mortgage interest rates are dropping, as predicted. But I'm not seeing home prices do the same. What's up?
Is it because...
1) the government shut down?
2) Is it all the housing lift programs are creating artificial value?
3) Is it people are not hungry enough?
4) Or, is it the final nail in the redistribution of wealth, also known as, our disappearing middle class?
1* It's too early to know if it relates to the government shut down, so let's eliminate that.
2a Is the non-existent housing price drop due to all the lift programs?
Let's relate the housing industry to the car industry. Example: Hybrid and Electric cars. The government put's up cash as an incentive to buy these green vehicles. The manufacturers, raise the selling prices, because the psychology is like a coupon. It's perceived as free money, which creates demand. The artificial demand allows the price of the car to go up.
2b So, where did the money come from and where did it go?
The incentive money came from all of us, the tax payers and the money went to the manufacturers. The manufacturers use the added revenue to celebrate their success and give bonus' to the top wage earners for their accomplishment. (Did you notice the prices of these vehicles are not going down?)
3a Is the non-existent housing price drop due to sellers not being hungry enough?
Let's relate this to the bank bail outs. Banks make stupid loans and our government gets mad at the banks and gives them the cash to take care of any shortages.
3b So, where did the money come from, for the bail out and where did the money go?
The money came from us, the tax payers and the money went to the banks. The banks use the money to buy back the foreclosed houses at a reduced rate, of course. They restructure the banks due to the changes in revenue and give big bonus' to the top executives for reducing costs!
4* Is it the next step in the redistribution of wealth?
Absolutely it is a sign of the redistribution of wealth!
The tax paying middle class was removed from their homes and these homes got sold to the wealthy.
During these years of "The great recession", only the middle class was hurt. The rich gobbled up all the houses from the middle class as they lost their jobs. The middle class is now renting from the upper class, as they now own nearly all the houses.
As the middle class attempts to step out of renting and get back into buying again, the rich hold all the houses. Do you remember the game Monopoly®? Who won? Those who owned the houses and hotels. The wealthy don't need the money, so they sit on the house or rent it out until someone is willing to pay them, what they want.
In my opinion, we have a short window of time to keep middle class alive. Take advantage of this these incredibly low interest rates and buy a home now. I don't see an opportunity like this in our lifetimes. If we loose middle class, we all lose. The bible says, The borrower is slave to the lender!
Come on middle class, Let's get to work!
Curtis Rudolph
www.CurtisRudolphRealtor.com
www.Facebook.com/SouthTampaLuxuryProperties
Realty Direct Tampa
Note: I am not a financial advisor, just a Realtor®. Never make a decision to buy a home without seeking the advice of your financial consultant.