knabe
Well-known member
here's some housing info that is old but gives an indication of default rates that include a downturn in the housing market in Ca.
http://www.huduser.org/Publications/pdf/FHASingleFamilyDefaultLossRates.pdf
it shows how your government thinks about problems and tirelessly tries to explain why loans should be made to people who should be renting.
add in that the cost of housing is raised by exemptions such as interest rate deduction, property tax deduction, lower percent down, a 2nd home with the same financing requirement as the first, 2nd loans, home equity loans, home equity loans with deduction for interest, deduction for fees on the first loan, etc.
it's pretty clear that the government caused this problem. they financed spending and caused inflation of housing prices.
but of course you won't notice or care. this of course overflows into the price of real estate for farming and essentially makes it impossible for new farmers to get started due to high land prices. of course people with land will complain it's their retirement so of course they don't want prices to come down.
anyone who thinks we don't already have a managed economy are fooling themselves.
http://www.huduser.org/Publications/pdf/FHASingleFamilyDefaultLossRates.pdf
it shows how your government thinks about problems and tirelessly tries to explain why loans should be made to people who should be renting.
add in that the cost of housing is raised by exemptions such as interest rate deduction, property tax deduction, lower percent down, a 2nd home with the same financing requirement as the first, 2nd loans, home equity loans, home equity loans with deduction for interest, deduction for fees on the first loan, etc.
it's pretty clear that the government caused this problem. they financed spending and caused inflation of housing prices.
but of course you won't notice or care. this of course overflows into the price of real estate for farming and essentially makes it impossible for new farmers to get started due to high land prices. of course people with land will complain it's their retirement so of course they don't want prices to come down.
anyone who thinks we don't already have a managed economy are fooling themselves.