Kingside,
What are you suggesting….
That wraparound mortgages and AITD’s become acceptable ?

You are correct in saying that a DOS is not likely to be enforced anyway.
A servicer would have to have an IQ of 2 to call a loan that has payments being made, regardless of who is making them.

This goes so far beyond that. See the YIKES! thread.

One problem today is “investors” seeing houses as a share of stock.

Reality ?
1)Require non-owner occupied loans to require 50% down.
2)Allow one ONE mortgage in a persons name unless they have had it at least 24 months
3)Create a system of “fair” rent control, so a tenant can have a 10-20 year lease and know that they won’t be inflated out of a place to live.
Not attractive to a landlord? Tough, then don’t become one.

Ya, it might sound crazy, but would give a whole lot of stability to people’s sense of security.

Wanna really discourage house investing ?
Raise the capital gains on profits to 50%

Wanna control prices ?
Require 50% down for owner occupied..

Market will correct to affordability real quickly..
This is just as extreme as allowing 100% financing to make houses UNaffordable…

The entire market is nothing more than a ponzi scheme, with the govt as the puppeteer, pulling the strings, except now the responsible taxpayer is involved with an expensive ticket to see the show of all the irresponsible puppets, whether we want to watch it or not.

It’s like watching a train wreck in slow motion, you know what the outcome is going to be, but you can’t help watching the destruction unfold.