IONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
patientrenter, although I agree with you, I can see A LOT of people who will cry and whine about how it’s unfair and you’re discriminating against poor people and how only rich people can enjoy the “American Dream” of home ownership.
patientrenter, although I agree with you, I can see A LOT of people who will cry and whine about how it’s unfair and you’re discriminating against poor people and how only rich people can enjoy the “American Dream” of home ownership.
patientrenter, although I agree with you, I can see A LOT of people who will cry and whine about how it’s unfair and you’re discriminating against poor people and how only rich people can enjoy the “American Dream” of home ownership.
patientrenter, although I agree with you, I can see A LOT of people who will cry and whine about how it’s unfair and you’re discriminating against poor people and how only rich people can enjoy the “American Dream” of home ownership.
patientrenter, although I agree with you, I can see A LOT of people who will cry and whine about how it’s unfair and you’re discriminating against poor people and how only rich people can enjoy the “American Dream” of home ownership.
My response to the whiners would be “I always thought the American Dream was giving your kids a better life than you had. I dont see the words ‘morgage’, ‘house’, or ‘loan’ in that statement anywhere.”
This is why the government should be supporting schools and child health care, not McMansions and dead banks.
My response to the whiners would be “I always thought the American Dream was giving your kids a better life than you had. I dont see the words ‘morgage’, ‘house’, or ‘loan’ in that statement anywhere.”
This is why the government should be supporting schools and child health care, not McMansions and dead banks.
My response to the whiners would be “I always thought the American Dream was giving your kids a better life than you had. I dont see the words ‘morgage’, ‘house’, or ‘loan’ in that statement anywhere.”
This is why the government should be supporting schools and child health care, not McMansions and dead banks.
My response to the whiners would be “I always thought the American Dream was giving your kids a better life than you had. I dont see the words ‘morgage’, ‘house’, or ‘loan’ in that statement anywhere.”
This is why the government should be supporting schools and child health care, not McMansions and dead banks.
My response to the whiners would be “I always thought the American Dream was giving your kids a better life than you had. I dont see the words ‘morgage’, ‘house’, or ‘loan’ in that statement anywhere.”
This is why the government should be supporting schools and child health care, not McMansions and dead banks.
