Get the feds entirely out of the mortgage business.
NO federal guarantee for mortgages, excpet for families of the uniformed military. We owe them everything we can do.
All those currently with a FHA mortgage, your mortgage rate and terms would be very different if the Feds were not involved. Median house prices would go back to a more normal 2-2.5 times local median income.
Eliminate all INSANE land use restrictions. That would help to bring back true “starter homes”. No more 5 acre lot minimums.
Dramatically reduce lending business restrictions. If I want to lend you money to buy a house, it is a PRIVATE contract issue controlled by private property and liability laws.
Private property and respect for contracts helped build America. It wil help restore the housing market.
“Private property and respect for contracts helped build America.”
Private property and respect for contracts are also the keys to honorable business transactions and prosperity. Before frankendodd fouled up the whole housing business, property was purchased between two private parties. And the rule of law insured that he contracts were enforced.
These thugs have fouled up all of that.
It will take a hell of an effort to extract the feds out of the mortgage industry. Until then, it will continue to founder.