This may not exclude as many people as they think. Making it more difficult to buy a house will lower the value of houses, making them easier to buy. What the net effect would be is hard to figure.
Bottom line is that the government shouldn’t be manipulating the housing market at all.
In my area, there are huge developments full of huge “spec” houses full of tiny families with no furniture or equity. There are also many, many empty brand-new houses. These “modern” houses only have a life expectancy of 40-50 years because of the cheap construction. Their values start dropping immediately upon completion. The housing marking is going down, down, down.
Sucks to be “in” real estate, but I suspect that the cost of living, rather than investing, in homes, will be going down fast.
Big government f’s up again.
It will for people that don't already have a house that they'd need to sell first. So again, it's hard to determine the net affect.
A new high end pickup truck now costs nearly what homes in the Midwest are going for.
If they go much lower, they might as well give their homes away..
*Everything* is going up in cost, except the tax payers homes and wages...
Funny how that works.