“1) I own stock in banks”
Then you are a business owner and I have zero sympathy for you. You want the profits but whine about the business risk after taking INSANE risks.
“2) I and my kids will pay higher fees and rates if we have to pay someone elses mortgage.”
No you don’t. You pay the market rate, same as everyone else.
The markets will work but the banks don’t want an open market. They want control.
The only people whining are those who are strapped and can't pay their mortgage. I would probably whine also. But I didn't move to a high growth area like Florida or California in the mid 2000’s and buy a house. Sucks for those who did.
“No you don’t. You pay the market rate, same as everyone else.”
Market rate is now higher for everyone. Check out what PMI has done in the past couplke of years for example.
The only people whining are those who are strapped and can't pay their mortgage. I would probably whine also. But I didn't move to a high growth area like Florida or California in the mid 2000’s and buy a house. Sucks for those who did.
“No you don’t. You pay the market rate, same as everyone else.”
Market rate is now higher for everyone. Check out what PMI has done in the past couple of years for example.