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Obama’s second term: Reduce housing subsidies or reflate the housing bubble?

By golfplan18   Follow   Mon, 12 Nov 2012, 7:08am   479 views   4 comments
In Irvine CA 92620   Watch (0)   Share   Quote   Permalink   Like (1)   Dislike  

http://ochousingnews.com/news/obamas-second-term-will-he-reduce-housing-subsidies-or-reflate-the-housing-bubble?source=Patrick.net

The current real estate market is the most heavily subsidized and manipulated in US History. More than 90% of loans used to buy real estate in the US carry direct government guarantees. The federal reserve embarked on an unprecedented policy of buying mortgage-backed securities to artificially lower mortgage interest rates on the government-backed loans. Add to that the manipulation of the market by the banking cartel which engineered a 60% reduction in available housing inventory, and it becomes obvious that we navigate a housing market which has little or no semblance to a free market.

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1. BobMSN Follow Befriend 3 threads 98 comments

   1   7:20am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   golfplan18 says More than 90% of loans used to buy real estate in the US carry direct government guarantees. We have socialized healthcare. We might bring 90% to 100% so we can socialize the housing as well. We can then live happily forever, like our North Korea brothers.

2. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 171 threads 4,226 comments Premium

   2   7:24am Mon 12 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   Obama's controllers on Wall Street are finalizing their instructions to reinflate the bubble now.

3. BobMSN Follow Befriend 3 threads 98 comments

   3   7:46am Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   The US government is now the largest corporation and 90% of loans used to buy real estate in the US carry direct government guarantees. It is nature for any corporation to inflate the price of their products. Only those poor people who have just elected the leader of this government would never be able to afford a house unless they are squatting in one already.

4. FortWayne Follow Befriend (13) 103 threads 3,768 comments

   4   9:54am Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   They are talking about taking away mortgage interest deductions, a very unpopular idea with many. They might do something along the lines of phasing it out for future buyers. At least if they are smart...