You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “The War on Housing, Posted by Vince”.
You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “The War on Housing, Posted by Vince”.
Lenders should practice intelligent lending rather than criteria lending. I someone has had over a dozen loans without a single delinquency, that should weigh more than many other factors. I don’t see why everyone continues to get a broad brush approach.
Reward those who have been excellent borrowers with easier lending standards. Get rid of 100% loans and deny known problem borrowers.
As long as our Treasury Secretaries are coming from financial institutes like Goldman Sachs as chosen by Clinton (Democrat) Bush (Republican) play it forward Wall Street will rule the economics of this country and the world. Good luck with making changes to benefit the middle class or real estate. This episode was orchestrated from start to finish. Taking out the politicians and corporations that are robbing the American public is the only way to make a difference. I work to that end 7 days a week with political action groups who are making a difference.
Yes, this administration is trying & succeeding in tearing down everything that is American. We need to fight back with pro-active strategies not just reactive. Or we will be a Marxist, Muslim country. Our money is wasted with this regime.
Everyone knows that renters feel temporary. They are somewhat transient and thus more crime, drugs, illegals will result. The landlords do not maintain property equal to primary homeowners. Thus we will devolve into third world status in a amazingly short period of time.
What happen to does this make sense lending. We lost our way when it stop making sense and went to how much can we make on this deal.
The privledge, pride, and responsibility of home ownership was decimated when a house was no longer treated as a home but meerly as a commodity. The right of Home Ownership had always been an earned right. Once we earned it we certainly didn’t take the responsibility lightly. And yes, home ownership absolutely should be a dream and a goal, a goal to be achieved rather than a gift or a mistaken entitlement with nothing vested.
Regardless of the current debacle, the reasons for home ownership should always be comfort,stability, and belonging within our homes and within our communities. All of those things come with responsibility. That responsibility is a core value that home ownership created and it was understood. The potential of long term equity & family stability within our own homes should far outweigh short term gain. We just forgot the premise of why we wanted or needed a home to begin with. We will not not make progress on the home front if we continue to deal with the execption rather than the rule. We continue to allow many to forego all of the responsibility for more and more entitlement.
What we are experiencing today with making home ownership a reality, for the right reasons, has become the exception. We need to be vigilant that it never becomes the rule!
Wow! This Timothy Geithner dude is scary! What does he think people will do if they do not have the option of affordable home ownership? Rent? From who? Is he next going to promote public housing? (Sounds like socialism to me.) What will the country’s housing situation look like in 10 years from now? This administration sure doesn’t want the hard working “little” people to get ahead. Financing needs to be affordable to qualified buyers. Where do you start “fixing” Fannie and Freddie and FHA reform? It doesn’t appear Washington has a clue. Thank you to our realtor representatives FPCs that go to Washington to try to talk common sense to these out of touch policy makers. (They sure don’t report this information in the liberal news media.)
George Bailey would jump off that bridge now if he could see what has taken place. Bailey Building and Loan, gee what a concept. Frank Raines, Jim Johnson, and Jamie Gorelick should be in prison. NAR leadership, choose a side, preferably for freedom and real true home ownership.