|11-11-2011, 10:17 AM||#1|
Join Date: Aug 2009
Location: Louisville, CO
Is FHA the next housing bailout?
Easy to see this one coming. As the federal government attempts to prop up over-inflated housing prices, the deflationary cycle continues, which it must, after all, who can afford a $300,000 25 year old house in the middle of suburbia? The FHA only requires a 3.5% down payment, to get as many people to buy in as possible (9 out of 10 new mortgages are federally backed). When will people learn that government involvement only makes things worse?