for my next trick….

[patientrenter]

It will only be marginally better, or perhaps worse, having the govt run the GSEs directly.

More to the point, why do we have any govt involvement in more than maybe 10% of the housing market? All it does is distort prices, or at the very least price distortions are a massive unintended consequence.

What we need is much smaller GSEs (and FHAs etc). How exactly to manage them is an important but secondary issue.

[moneymaker]

Maybe the State can step in if you want smaller involement that would be the way to go. Many of the local first buyer programs are recipes for disaster. You can only use the program if you can’t afford a house and have no business buying one at your income level. Seriously I remember when in 2004ish I made too much money to qualify for these programs and yet I knew I couldn’t afford a house at the going prices. The worst thing the government did was to lower interest rates for people with poor credit,this just added fuel to the fire. I recall about the time the SEC was threatening to investigate Countrywide I could actually get a better interest rate through them “if” my FICO was lower. Pleeese

[moneymaker]

Maybe the State can step in if you want smaller involement that would be the way to go. Many of the local first buyer programs are recipes for disaster. You can only use the program if you can’t afford a house and have no business buying one at your income level. Seriously I remember when in 2004ish I made too much money to qualify for these programs and yet I knew I couldn’t afford a house at the going prices. The worst thing the government did was to lower interest rates for people with poor credit,this just added fuel to the fire. I recall about the time the SEC was threatening to investigate Countrywide I could actually get a better interest rate through them “if” my FICO was lower. Pleeese

[moneymaker]

Maybe the State can step in if you want smaller involement that would be the way to go. Many of the local first buyer programs are recipes for disaster. You can only use the program if you can’t afford a house and have no business buying one at your income level. Seriously I remember when in 2004ish I made too much money to qualify for these programs and yet I knew I couldn’t afford a house at the going prices. The worst thing the government did was to lower interest rates for people with poor credit,this just added fuel to the fire. I recall about the time the SEC was threatening to investigate Countrywide I could actually get a better interest rate through them “if” my FICO was lower. Pleeese

[moneymaker]

Maybe the State can step in if you want smaller involement that would be the way to go. Many of the local first buyer programs are recipes for disaster. You can only use the program if you can’t afford a house and have no business buying one at your income level. Seriously I remember when in 2004ish I made too much money to qualify for these programs and yet I knew I couldn’t afford a house at the going prices. The worst thing the government did was to lower interest rates for people with poor credit,this just added fuel to the fire. I recall about the time the SEC was threatening to investigate Countrywide I could actually get a better interest rate through them “if” my FICO was lower. Pleeese

[moneymaker]

Maybe the State can step in if you want smaller involement that would be the way to go. Many of the local first buyer programs are recipes for disaster. You can only use the program if you can’t afford a house and have no business buying one at your income level. Seriously I remember when in 2004ish I made too much money to qualify for these programs and yet I knew I couldn’t afford a house at the going prices. The worst thing the government did was to lower interest rates for people with poor credit,this just added fuel to the fire. I recall about the time the SEC was threatening to investigate Countrywide I could actually get a better interest rate through them “if” my FICO was lower. Pleeese

[gandalf]

Amazing how many people on this board still think the issue is big vs. small government. Reagan was president in what, like, 1980? Much of what gets said here is irrelevant. Coke vs. Pepsi. Talking point BS.

Most people have no problem with government involvement when it serves a useful function. They have zero problem with the private sector when it adds value. The main problem is neither one of them is doing their job these days.

[gandalf]

Amazing how many people on this board still think the issue is big vs. small government. Reagan was president in what, like, 1980? Much of what gets said here is irrelevant. Coke vs. Pepsi. Talking point BS.

Most people have no problem with government involvement when it serves a useful function. They have zero problem with the private sector when it adds value. The main problem is neither one of them is doing their job these days.

[gandalf]

Amazing how many people on this board still think the issue is big vs. small government. Reagan was president in what, like, 1980? Much of what gets said here is irrelevant. Coke vs. Pepsi. Talking point BS.

Most people have no problem with government involvement when it serves a useful function. They have zero problem with the private sector when it adds value. The main problem is neither one of them is doing their job these days.

[gandalf]

Amazing how many people on this board still think the issue is big vs. small government. Reagan was president in what, like, 1980? Much of what gets said here is irrelevant. Coke vs. Pepsi. Talking point BS.

Most people have no problem with government involvement when it serves a useful function. They have zero problem with the private sector when it adds value. The main problem is neither one of them is doing their job these days.

[gandalf]

Amazing how many people on this board still think the issue is big vs. small government. Reagan was president in what, like, 1980? Much of what gets said here is irrelevant. Coke vs. Pepsi. Talking point BS.

Most people have no problem with government involvement when it serves a useful function. They have zero problem with the private sector when it adds value. The main problem is neither one of them is doing their job these days.

[scaredyclassic]

coke is different than pepsi, though. but both are very very bad. isn’t there new real sugar coke now? Also, I saw some coke from Mexico at bevMo and was told it tastes different. i don’t know if it was here legally.

[scaredyclassic]

coke is different than pepsi, though. but both are very very bad. isn’t there new real sugar coke now? Also, I saw some coke from Mexico at bevMo and was told it tastes different. i don’t know if it was here legally.

[scaredyclassic]

coke is different than pepsi, though. but both are very very bad. isn’t there new real sugar coke now? Also, I saw some coke from Mexico at bevMo and was told it tastes different. i don’t know if it was here legally.

[scaredyclassic]

coke is different than pepsi, though. but both are very very bad. isn’t there new real sugar coke now? Also, I saw some coke from Mexico at bevMo and was told it tastes different. i don’t know if it was here legally.

[Author]

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