Seeking Alpha

JDiamond

JDiamond
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  • Should the government help finance homeownership? asks Robert Shiller in the NYT, referring to the conservatorship of Fannie Mae and Freddie Mac and the Federal Housing Administration's direct subsidization of home-ownership, not to mention execptionially loose monetary policy. Shiller doesn't seem so convinced, pointing out that renters can more easily move if they find a new job, while it's "hardly wise to put all of one's life savings into a single, highly leveraged investment in a home." [View news story]
    All loan rates should be capped per type of loan. Get rid of the credit score system which is a legal way of gouging people. And do buy a house; it's cheaper than renting and (if you received tax credits) after 3-years of being your primary you can rent it out. Get on that ladder and don't get off.
    Jul 14 04:52 PM | 1 Like Like |Link to Comment
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