Government has been the principal factor preventing the “affordable housing” that politicians talk about so mu
by Mortgage Rates on Tuesday, November 30th, 2010 | 3 Comments
-
Mortgage Info
-
Updates
-
Useful Links
-
-
Tags
2010 About article Auctions bank banks best Business buyers change Credit Debt Equity Financial First fixed Foreclosure From good Government Help Home house Housing interest Loan Loans Market more Mortgage Mortgages Need News options qualify Rate Rates refi refinance Refinancing should this Time variable would-
Meta
Holy Crap Batman, get a blog.
Well said. Everyone is pointing the finger at the poor smucks who were force to buy beyond their means for the reason you stated. It’s all their fault, and those who created the situation gat away blameless.
I was invested in a home builder but got out before the crash. As you said, the land this builder was building homes on appreciated at a rate of 50% in the time it took to build. All the profit was in flipping the land, not building the homes.
Of course, the problem could also be resolved if every human on the planet stopped making babies for twenty years or so, then made just enough babies to keep the species going.