Are you one of those slumlords Breeze? It just makes me sick to hear a slumlord denigrate one of their potential renters. We all benefited from the loose money one way or another and now we will all be paying for it. [/quote]
I don’t own any real estate. Never have and there is a good chance I never will so long as the government continues to manipulate the RE market. Are you a housing welfare queen?
And we didn’t all benefit, but it looks like all U.S. taxpayers will be paying for it. I would be very happy if the government took away all artificial support for housing prices. I would like to see Fannie Mae, Freddie Mac, the FHLBs, Ginnie Mae, FHA, the mortgage interest deduction and all other artificial support for housing prices abolished. Could you imagine how cheap housing would be at that point? We’d all be rich because our housing costs would drop about 2/3rds.
