themackattack

What Will Fannie / Freddie Mean for Monday?

Unless, inthemoney, you are like me and have avoided purchasing a house at these over inflated prices for the last several years ( i live in nyc area). Not that i would purchase now, mind you, but i do think we are getting within 20%-30% of a reasonable mean price. However, it would be hard to overstate my disappointment that my tax payments are going to be used to prop up housing prices at inappropriate levels, and that even worse the value of my dollar is being damaged so severely.

Had i known that purchasing a house was a no-lose situation, i would have went ahead and bought several years ago. Who knew they would just steal taxpayer money to prop up the the prices.