It’s a great way to turn nice neighborhoods into slums… The govt shouldn’t be involved in housing.
I know that it’s anti American, but the “AMERICAN DREAM” needs to redefined, and it shouldn’t involve home ownership that helps the economy.
It SHOULD involve morals, ethics, education, saving money, family values, etc.
If it takes a national program of rent control to let people know that they can have an affordable place to live their entire lives and achieve the “New American Dream” then so be it.
I’ve been a landlord for 25 years and continue to be one. If it didn’t pencil out, I just wouldn’t buy property.
Mandatory down payments of 10%-20% will correct the housing market on its own.
The 0%-3% down payment programs only cause housing prices to remain artificially inflated.
I’m in the mortgage biz and think that these low down programs are irresponsible.
