k45

'Too Much House' Buyers To Be Rewarded?

Well some of us never bought a home without at least 20% down and made sure that the montly payments were affordable. (This is my 5th house in 40 years).

The problem with these inane homeowner bailout ideas is that they keep housing prices inflated above reasonable levels and prevent RESPONSIBLE buys from being able to afford to buy a house. When housing prices come back down in line with family income, then more responsible people will be able to afford houses.

All this is doing is proping up excessive housing prices and keeping responsible buyers out of the market.