[Daniel]

3/4 of voters, deadzone. Voters, as in people who vote. Homeowners are not 75% of us, indeed, but they do vote quite a bit more often than renters.

As for Simon Johnson, he’s a very smart guy, and he might be right on this one, only time will tell. By the way, I think his baselinescenario.com blog is one of the best out there. I highly recommend it.

[Daniel]

3/4 of voters, deadzone. Voters, as in people who vote. Homeowners are not 75% of us, indeed, but they do vote quite a bit more often than renters.

As for Simon Johnson, he’s a very smart guy, and he might be right on this one, only time will tell. By the way, I think his baselinescenario.com blog is one of the best out there. I highly recommend it.

[Daniel]

3/4 of voters, deadzone. Voters, as in people who vote. Homeowners are not 75% of us, indeed, but they do vote quite a bit more often than renters.

As for Simon Johnson, he’s a very smart guy, and he might be right on this one, only time will tell. By the way, I think his baselinescenario.com blog is one of the best out there. I highly recommend it.

[Daniel]

3/4 of voters, deadzone. Voters, as in people who vote. Homeowners are not 75% of us, indeed, but they do vote quite a bit more often than renters.

As for Simon Johnson, he’s a very smart guy, and he might be right on this one, only time will tell. By the way, I think his baselinescenario.com blog is one of the best out there. I highly recommend it.

[Daniel]

Ummm… and I just bought 3 6-packs of beer the other day, that’s 6+6+6 again… You guys are on to something here! Dave, how can one procure a head of a goat?? Might come in handy 🙂

[Daniel]

Ummm… and I just bought 3 6-packs of beer the other day, that’s 6+6+6 again… You guys are on to something here! Dave, how can one procure a head of a goat?? Might come in handy 🙂

[Daniel]

Ummm… and I just bought 3 6-packs of beer the other day, that’s 6+6+6 again… You guys are on to something here! Dave, how can one procure a head of a goat?? Might come in handy 🙂

[Daniel]

Ummm… and I just bought 3 6-packs of beer the other day, that’s 6+6+6 again… You guys are on to something here! Dave, how can one procure a head of a goat?? Might come in handy 🙂

[Daniel]

Ummm… and I just bought 3 6-packs of beer the other day, that’s 6+6+6 again… You guys are on to something here! Dave, how can one procure a head of a goat?? Might come in handy 🙂

[Daniel]

AN, I’m aware that my post on investment properties is slightly off-topic, I mentioned that in my intro. Going back to the topic at hand, I’m sure there are ways of providing liquidity to the move-up market. After all, it was very common (back in the days) that purchase offers be contingent on the sale of the current house, and to have a chain of several escrows closed in the same day. It’s nothing new. Also, the concept of a “bridge loan” isn’t something new altogether.

[Daniel]

AN, I’m aware that my post on investment properties is slightly off-topic, I mentioned that in my intro. Going back to the topic at hand, I’m sure there are ways of providing liquidity to the move-up market. After all, it was very common (back in the days) that purchase offers be contingent on the sale of the current house, and to have a chain of several escrows closed in the same day. It’s nothing new. Also, the concept of a “bridge loan” isn’t something new altogether.

[Daniel]

AN, I’m aware that my post on investment properties is slightly off-topic, I mentioned that in my intro. Going back to the topic at hand, I’m sure there are ways of providing liquidity to the move-up market. After all, it was very common (back in the days) that purchase offers be contingent on the sale of the current house, and to have a chain of several escrows closed in the same day. It’s nothing new. Also, the concept of a “bridge loan” isn’t something new altogether.

[Daniel]

AN, I’m aware that my post on investment properties is slightly off-topic, I mentioned that in my intro. Going back to the topic at hand, I’m sure there are ways of providing liquidity to the move-up market. After all, it was very common (back in the days) that purchase offers be contingent on the sale of the current house, and to have a chain of several escrows closed in the same day. It’s nothing new. Also, the concept of a “bridge loan” isn’t something new altogether.

[Daniel]

AN, I’m aware that my post on investment properties is slightly off-topic, I mentioned that in my intro. Going back to the topic at hand, I’m sure there are ways of providing liquidity to the move-up market. After all, it was very common (back in the days) that purchase offers be contingent on the sale of the current house, and to have a chain of several escrows closed in the same day. It’s nothing new. Also, the concept of a “bridge loan” isn’t something new altogether.

[Daniel]

HLS, your post isn’t primarily about investment properties, but still… I wanted to get this off my chest for a long time, and you provided the opportunity:

I’ve never understood why Fannie and Freddie were allowed to deal with non-owner occupied mortgages in the first place. They’re taxpayer sponsored entities (more like taxpayer owned, recently) supposed to “help foster homeownership”, right? How exactly is giving a mortgage to a landlord helping homeownership? Could someone explain that to me, please?

Now, don’t get me wrong, a landlord should be able to get a mortgage, of course. There is a private market for mortgages, isn’t there? I just can’t see what interest, as a taxpayer, I would have in “sponsoring” such an enterprise. Any way I wrap my mind around this, it doesn’t make any sense.

The best I can do is “OK, the landlord is esentially a small business owner, and perhaps he should be able to get a better rate loan through a Small Business Administration (SBA) program”. But Fannie and Freddie??? What in the world Fannie and Freddie have to do with it?

[Author]

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