Exactly. It remains unclear to me how the housing crisis can be "fixed" until the underlying home values fall in line with historical price:income ratios. That is, either real incomes must rise significantly, or real housing prices must decrease much more than they already have. Anything short of that will serve only to delay the inevitable.
If the downturn is slow and steady there may be time for adjustments, as opposed to a crash.
The approach the United States government is taking is similar to using duct tape to fix a house. Its bringing short term stability but we may regret it in the long run.