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To: Beagle8U
This is a very dumb bill that will truly screw over young first-time home buyers.

No, it'll screw a lot of people, in every socio-economic-generational group. As banks keep on hoarding money and not lending any, and as interest rates rise back to early 80's levels (15%+ is coming), owner financing will become the most probable way two people, a seller and a buyer, can transact business.

24 posted on 06/14/2009 12:38:07 PM PDT by adm5 (YOU CANNOT FIX CAPITALISM WITH SOCIALISM! -Glenn Beck)
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To: adm5
“No, it'll screw a lot of people, in every socio-economic-generational group.”

Yes, but young buyers and those selling homes that don't meet current building codes will be hit hardest.

51 posted on 06/14/2009 2:48:52 PM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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