Duh, yeah Greenie. After the fed jacked rates how many times in a row, you're darn right the bloom is off.
I think the fed rate has been raised sixteen or seventeen straight times now. That same couple living in an apartment and considering purchasing a home is probably going to stay put to ensure they can have a more substantial downpayment. Why would the government wish to discourage home ownership like that?
The reasons given for continually raising the rates don't make sense to me...
~ Blue Jays ~