[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.
If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.
Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?
