FHA – the next subprime

[blahblahblah]

I don’t think politicians worry about delivering on promises to voters one bit, at least at the congressional level. Just look at the re-election rate statistics. If you are a house member in 2008, your re-election chances are 94%. Only 6 in 100 lose their job every four years. They just make promises and then do whatever their lobbyist benefactors want them to afterwards. They know the public will forget all about those broken promises the next time election day rolls around.

Also, I’ve never heard a single politician run on a platform of keeping home prices high. If anything they run on a platform of “increasing home ownership” which is just code for more government backing of loans.

I am not saying this is good, I’m just saying it’s reality.

[patientrenter]

[quote=CONCHO]….I’ve never heard a single politician run on a platform of keeping home prices high….[/quote]

I think Chris Dodd and Barney Frank have made it pretty clear that is their priority. Of course, no one comes out and says that they want homes to be overpriced, or artificially manipulated up. Instead, they talk about the need for a “stable” market during natural downturns, and “more affordability” (read: cheap easy money) during upturns. Same outcome -higher home prices.

[patientrenter]

[quote=CONCHO]….I’ve never heard a single politician run on a platform of keeping home prices high….[/quote]

I think Chris Dodd and Barney Frank have made it pretty clear that is their priority. Of course, no one comes out and says that they want homes to be overpriced, or artificially manipulated up. Instead, they talk about the need for a “stable” market during natural downturns, and “more affordability” (read: cheap easy money) during upturns. Same outcome -higher home prices.

[patientrenter]

[quote=CONCHO]….I’ve never heard a single politician run on a platform of keeping home prices high….[/quote]

I think Chris Dodd and Barney Frank have made it pretty clear that is their priority. Of course, no one comes out and says that they want homes to be overpriced, or artificially manipulated up. Instead, they talk about the need for a “stable” market during natural downturns, and “more affordability” (read: cheap easy money) during upturns. Same outcome -higher home prices.

[patientrenter]

[quote=CONCHO]….I’ve never heard a single politician run on a platform of keeping home prices high….[/quote]

I think Chris Dodd and Barney Frank have made it pretty clear that is their priority. Of course, no one comes out and says that they want homes to be overpriced, or artificially manipulated up. Instead, they talk about the need for a “stable” market during natural downturns, and “more affordability” (read: cheap easy money) during upturns. Same outcome -higher home prices.

[patientrenter]

[quote=CONCHO]….I’ve never heard a single politician run on a platform of keeping home prices high….[/quote]

I think Chris Dodd and Barney Frank have made it pretty clear that is their priority. Of course, no one comes out and says that they want homes to be overpriced, or artificially manipulated up. Instead, they talk about the need for a “stable” market during natural downturns, and “more affordability” (read: cheap easy money) during upturns. Same outcome -higher home prices.

[SD Realtor]

“The idea here is very simple: If you buy a home this year, you should be able to get your tax credit this year. That’s when you need it most. That’s how we’ll help people start spending again. ****That’s how we’ll help raise home values***, stabilize our housing market, create new jobs again. That’s our plan. That’s what we’re going to do right here in California.”

I even put *** around the part that talks about raising home values… but maybe that is not the same thing as keeping home prices high…

Silly me.

Here is the link to the quote made this March.

http://latimesblogs.latimes.com/washington/2009/03/obama-text-la.html

Oh yeah this if from our president. So if people don’t think guys like Frank, Dodd, Schumer and the rest of the clowns dont wanna raise prices then I guess we will agree to disagree once again.

[SD Realtor]

“The idea here is very simple: If you buy a home this year, you should be able to get your tax credit this year. That’s when you need it most. That’s how we’ll help people start spending again. ****That’s how we’ll help raise home values***, stabilize our housing market, create new jobs again. That’s our plan. That’s what we’re going to do right here in California.”

I even put *** around the part that talks about raising home values… but maybe that is not the same thing as keeping home prices high…

Silly me.

Here is the link to the quote made this March.

http://latimesblogs.latimes.com/washington/2009/03/obama-text-la.html

Oh yeah this if from our president. So if people don’t think guys like Frank, Dodd, Schumer and the rest of the clowns dont wanna raise prices then I guess we will agree to disagree once again.

[SD Realtor]

“The idea here is very simple: If you buy a home this year, you should be able to get your tax credit this year. That’s when you need it most. That’s how we’ll help people start spending again. ****That’s how we’ll help raise home values***, stabilize our housing market, create new jobs again. That’s our plan. That’s what we’re going to do right here in California.”

I even put *** around the part that talks about raising home values… but maybe that is not the same thing as keeping home prices high…

Silly me.

Here is the link to the quote made this March.

http://latimesblogs.latimes.com/washington/2009/03/obama-text-la.html

Oh yeah this if from our president. So if people don’t think guys like Frank, Dodd, Schumer and the rest of the clowns dont wanna raise prices then I guess we will agree to disagree once again.

[SD Realtor]

“The idea here is very simple: If you buy a home this year, you should be able to get your tax credit this year. That’s when you need it most. That’s how we’ll help people start spending again. ****That’s how we’ll help raise home values***, stabilize our housing market, create new jobs again. That’s our plan. That’s what we’re going to do right here in California.”

I even put *** around the part that talks about raising home values… but maybe that is not the same thing as keeping home prices high…

Silly me.

Here is the link to the quote made this March.

http://latimesblogs.latimes.com/washington/2009/03/obama-text-la.html

Oh yeah this if from our president. So if people don’t think guys like Frank, Dodd, Schumer and the rest of the clowns dont wanna raise prices then I guess we will agree to disagree once again.

[SD Realtor]

“The idea here is very simple: If you buy a home this year, you should be able to get your tax credit this year. That’s when you need it most. That’s how we’ll help people start spending again. ****That’s how we’ll help raise home values***, stabilize our housing market, create new jobs again. That’s our plan. That’s what we’re going to do right here in California.”

I even put *** around the part that talks about raising home values… but maybe that is not the same thing as keeping home prices high…

Silly me.

Here is the link to the quote made this March.

http://latimesblogs.latimes.com/washington/2009/03/obama-text-la.html

Oh yeah this if from our president. So if people don’t think guys like Frank, Dodd, Schumer and the rest of the clowns dont wanna raise prices then I guess we will agree to disagree once again.

[Author]

Posts