User 237841

Thoughts on the Housing Bill

It isn't so much that people have bought houses they can't afford, it's that houses have become unaffordable. Prices need to come down from their current nose-bleed bubble high of 10x-median-salary level. 40-year mortgages? Give me a break. It's not as if new construction nowadays is going to be standing long enough for the kids to inherit it, and finish paying it off anyway.