The Trump administration has finally turned its attention to housing policy. Unfortunately, the president’s Memorandum on Housing Finance Reform, issued last week, is a major disappointment. It will keep taxpayers on the hook for more than $7 trillion in mortgage debt. And it is likely to induce another housing-market bust, for which President Trump will take the blame.
The memo directs the Treasury to produce a government housing-finance system that roughly replicates what existed before 2008: government backing for the...
Source: Real Estate Daily Report (realestatedailyreport.net)
peterjwallison Perpetuating the government created housing busts of the 2008s. We deserve better but then again these agencies are donating funds that offset government spending. Affordable housings is left behind.
peterjwallison This means my little 4-bedroom bungalow will be worth about half-a-billion!
peterjwallison Totally disagree. The reason for the bust was the ARM loans issued out to individuals who had no business being granted those loans. Last time I checked you need 20 percent down. Until that changes we will be fine.
peterjwallison Christ alive, any final piece of conservative “housing reform” legislation is more or less guaranteed to be a giant, corruption-stained gift to the real estate lobby and the banking industry (who actively refused to learn any lessons from when they broke the world in 07-08)
peterjwallison Well how else is he supposed to profit from the Presidency? Any boob in real estate knows that the best time to buy is during a crisis when the price is low.
peterjwallison If I could have one of Ivanaks condos I could sell it and buy everyone in my family a home including me of course.
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Source: washingtonpost - 🏆 95. / 72 Read more »
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Source: washingtonpost - 🏆 95. / 72 Read more »
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Source: WSJ - 🏆 98. / 63 Read more »
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Source: washingtonpost - 🏆 95. / 72 Read more »
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Film Director: Don’t Just Blame Gentrification for Housing CrisisDirector Fredrik Gertten, whose 'Push' looks at the causes behind rapidly rising house prices, discusses the role of hedge funds 'Push' based on the novel Sapphire by Precious That's funny, because in germany they told: minimum wages will increase costs for anything - it didn't - but when pension insurance leads to such an increase, they are pretty much worthless, because when you finally get paid with 70, you wouldn't be able to afford your rent. Got to make it expensive. Keeps the rift raft out.
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