Unfortunately this is not new news, though it does irritate lots of us.
Realistically though I am not so sure this will affect housing prices here in San Diego, especially in the areas that are more desireable. Percentage wise if they knock the conforming limit up 20% that pushes things up to the low 500’s… I doubt that would affect us here much but yes it would help nationally.
Just like increasing alcohol % in liquor! If the government wants to help, go directly and send upto, say, $1000/month to “distressed mortgagees” like the “Farm support program” or offer to buy the house for, say, upto $417,000 (or purchase price). That way the costs are above board and visible. Selling soiled paper to “investors” by printing “USA” on it is cheating.
Just like increasing alcohol % in liquor! If the government wants to help, go directly and send upto, say, $1000/month to “distressed mortgagees” like the “Farm support program” or offer to buy the house for, say, upto $417,000 (or purchase price). That way the costs are above board and visible. Selling soiled paper to “investors” by printing “USA” on it is cheating.
Just like increasing alcohol % in liquor! If the government wants to help, go directly and send upto, say, $1000/month to “distressed mortgagees” like the “Farm support program” or offer to buy the house for, say, upto $417,000 (or purchase price). That way the costs are above board and visible. Selling soiled paper to “investors” by printing “USA” on it is cheating.
