I just watched a Democrtic Congresswoman from New York on TV yapping away about how Barack Obama’s housing bill will stop home prices from falling.
We got in this mess because government made too much credit available too cheap so every moron bought homes they could not afford under realistic circumstances and HOME PRICES WERE DRIVEN TOO HIGH BY THE ARTIFICAL GOVERENMENT CREATED DEMAND, SO THAT NORMAL WORKING PEOPLE COULD NOT AFFORD A HOME
This moron Congresswoman is not alone. Everybody in Congress plus our Food Stamp President wants to lift up housing prices.
They just do not get it.
Government cannot mess with the free market without destroying everything.
At normal mortgage rates of seven percent, with a twenty percent down payment, there are no home buyers at today’s still too high prices.
The government manipulation of interest rates has screwed everyone who has savings. We cannot earn anything on our savings. Screw the food stamp a__holes! Reward the savers.
Kill the CRA Community Reinvestment Act that requires banks to make bad loans to unqualified buyers.
Home prices are too high and need to come down another twenty percent.
Obama, raise interest rates and require a twenty percent down payment to buy a house.
Obama, your policies are destroying any incentive for anyone to save, which means that every child in America gets further in debt to China.
HOME PRICES NEED TO COME DOWN ANOTHER TWENTY PERCENT, MORTGAGE RATES MUST BE SEVEN PERCENT, AND YOU MUST HAVE A TWENTY PERCENT CASH DOWN PAYMENT!