[neverdem]

President Signs Bill Extending FHA, VA Loan Limits, Hitting GSEs with Fee

House roll call vote for H.R. 2112

Senate roll call vote for H.R. 2112

With rare exceptions because it might help a rat get elected in the general election, pubbies voting for this nonsense should be primaried!

[LomanBill]

 
"Oops"  

[Wayne07]

I agree with the article in principle, but it is demagogic to say that they are subsidizing mansions. Maybe in some parts of the country, but in Los Angeles, for example, you get this kind of dump for $700k (and access to Johnnie Cochran Elementary School).

http://www.trulia.com/property/3063189002-2211-S-Bronson-Ave-Los-Angeles-CA-90018

[bwc2221]

Once again Renee Ellmers (NC-2) votes on the wrong side of an issue.

Although I live in Michigan, I contributed to her as she seemed like a true conservative, but she was co-opted by Boehner, Cantor and McCarthy faster than you can say North Carolina.

Of all the Freshman GOP House members, Renee has been one of the most disappointing.

[neverdem]

This first link was from a Forbes OpEd last summer. Anothe FReeper gave me the Forbes URL on another thread. The Forbes' webapge crashed on me twice, so I looked for an alternate source. The other FReeper said it was a good copy.

Why The Democratic Party Is Doomed

Romney: The Castor-Oil Candidate Republicans are finding the prospect of nominating Mitt hard to swallow.

Good Morning, Vietnam!

Why climategate is a catastrophe for science Copy the last title. Putting it in Google News usually works.

Some noteworthy articles about politics, foreign or military affairs, IMHO, FReepmail me if you want on or off my list.

[GeronL]

The GOP establishment is not conservative. We already know that. Almost all of those guys think government is the answer.

[stockpirate]

Repulicans don’t stnd for saller, limited government, they only say they do, but once in office we find out the truth.

[Iron Munro]

The GOP is missing its chance to stand for limited government.

Not again?

How many decades in a row does this make?

[sickoflibs]

RE :”Almost two weeks ago, when they figured no one was watching, the Republican-dominated House of Representatives, by an overwhelming 292–121 margin, voted to increase funding for the Federal Housing Administration. Just as government debt hit $15 trillion, edging closer to 100 percent of GDP, these self-proclaimed scourges of spending decided Uncle Sam should continue subsidizing mini-mansion mortgage loans — up to nearly three-quarters of a million dollars.......
Not housing for the poor, mind you, nor even for the middle-class — luxury homes. The real-estate market is so depressed at the moment that the median sale price of a single-family home is less than $170,000. Even in high-cost areas like Los Angeles, the Wall Street Journal reports, it has plunged to less than $325,000. Yet the Republican House — installed by the Tea Party in a sea-change election to be the antidote to Obamanomics — decided the taxpayers should guarantee FHA loans up to $729,750. Had they not acted, the public obligation would have been reduced to “only” $625,500 per FHA loan — couldn’t have that, right?”

????? ping

[Myrddin]

Tax collections have averaged 17.9% of GDP (Hauser’s Law) independent of tax rates. Spending more than that is guaranteed to run a deficit and increase the national debt. Spending must be reduced below 17.9% of GDP to get things under control.

[Cincinna]

$750k hardly gets you a mini-mansion in many parts of the country. In NYC you can get a nice one bedroom coop or condo in a good building in a good neighborhood. Buildings require 25-50% cash down payment, so there are very few evictions.
The market is highly competitive, and prices have remained steady, but have not dropped.
A nice house is $3.5 million and up, and they usually sell for the asking price.
Real Estate is very regional and local.

[Impy]

most two weeks ago, when they figured no one was watching,

Congress is never unwatched.

[bamahead]

Yet the Republican House -installed by the Tea Party in a sea-change election to be the antidote to Obamanomics— decided the taxpayers should guarantee FHA loans up to $729,750. Had they not acted, the public obligation would have been reduced to “only” $625,500 per FHA loan — couldn’t have that, right?



Libertarian ping! Click here to get added or here to be removed or post a message here!

[jjm2111]

Where I live in CT, a house for $709,000 looks like this:



Not exactly a mansion.

[jjm2111]

I do agree with the article in principle, btw, just don’t like the demagoguery.