I'm not so sure this is all a bad thing. A lot of people bought homes they couldn't afford do so with the idea of flipping them for a profit. I think those days are gone...at least for those who can't afford the down payment, and that's probably a good thing. But then, you've got Chris Dodd and other idiots arguing to keep the subsidized housing loans from Freddie and Fannie by making statements like:
If we don't keep these programs, how will people who can't afford housing by a home?
Good grief, I'm surprised he can fog a mirror by himself.
Chris Dodd and other idiots arguing to keep the subsidized housing loans from Freddie and Fannie by making statements like:If we don't keep these programs, how will people who can't afford housing by a home?
Oh, man.....do you have a link to this? That's crazy talk!