Not everyone.
Should a young hard-working couple saving up their pennies to buy their first home . . .
Pay you more money for your home than it's worth, simply because the government props up its value, to put more money in your pocket for doing no work at all?
“Should a young hard-working couple saving up their pennies to buy their first home . . . “
That young hardworking should be happier if their home appreciates in value over 10 years.
Not 25% per year which is unrealistic, but 5-7% which is a good thing.
Homeownership is a good thing.
Again I just don’t get the doom and gloomers that just can’t wait to see a train wreck.
The truth is that the market has already corrected. Home prices have corrected in the bubble areas.
No new sub prime loans are being made now.
People who did 100% financing in bubble areas have already lost money.
The market has worked, we just need to need keep something stupid from happening