I agree that many buyers are not cut out for foreclosures, but many were who were excluded from purchasing the best deals. That is what I have a problem with.
While I do not support an “ownership society” that is enabled by gimmicky mortgages, I do believe that it’s in society’s best interests to maximize home ownership by keeping speculators out of the market which enables more people to buy truly affordable homes.
And govt-backed loans have long been available for home improvements. We just need to educate the public more about these loans and how to go about getting the improvements done.
