[an]

[quote=briansd1]

If there’s any subsidy, it should be based on the objective financial resources of the buyers, not the subjective houses buyers choose to buy.[/quote]
Then why did you draw a line? How is picking a limit, any limit, is based on the objective financial resources of the buyers?

[an]

[quote=briansd1]

If there’s any subsidy, it should be based on the objective financial resources of the buyers, not the subjective houses buyers choose to buy.[/quote]
Then why did you draw a line? How is picking a limit, any limit, is based on the objective financial resources of the buyers?

[an]

[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.

If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.

Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?

[an]

[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.

If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.

Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?

[an]

[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.

If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.

Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?

[an]

[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.

If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.

Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?

[an]

[quote=briansd1]
Like I said, subsidy is for a max limit. An arbitrary limit needs to be set because everybody cannot be accomodated.

If a buyer wants to a better house, he can move to a lower cost area, or use his own resources (without subsidy) to buy in a high-cost area.

Why do people who can afford to buy houses expect a hand out from the government in the form of loan subsidies?[/quote]
Again, do you think people who buy a 3000 sq-ft house should get government subsidy? We should lower the government subsidy to $60k. That will buy you a starter home in a cheap area. If you’re going to draw a line, then why allow a line high enough to allow any kind of McMansion?

[an]

[quote=briansd1]
The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote]
$250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?

[an]

[quote=briansd1]
The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote]
$250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?

[an]

[quote=briansd1]
The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote]
$250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?

[an]

[quote=briansd1]
The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote]
$250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?

[an]

[quote=briansd1]
The limit should be low because housing subsidy should be for basic shelter, not fancy houses.[/quote]
$250k can buy you a mcMansion in some area and a 800 sq-ft shack in another. Which do you consider a fancy house?

[an]

[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]

Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
Talking about other countries, isn’t it true that most don’t have fixed rate mortgage as well?

[an]

[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]

Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
Talking about other countries, isn’t it true that most don’t have fixed rate mortgage as well?

[an]

[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]

Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
Talking about other countries, isn’t it true that most don’t have fixed rate mortgage as well?

[Author]

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