Home › Forums › Closed Forums › Buying and Selling RE › Sensible rules proposed for mortgage industry › briansd1 wrote: The limit
[quote=briansd1] The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote] $250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?