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

By golfplan18   follow   Sun, 11 Nov 2012, 11:08pm PST   ↑ Like (1)   ↓ Dislike   836 views   4 comments   Watch (0)   Share   Quote  

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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BobMSN   befriend (0)   ignore (0)   Sun, 11 Nov 2012, 11:20pm PST   Like (1)   Dislike     Share   Quote   Comment 1

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.

APOCALYPSEFUCKisShostikovitch   befriend (27)   ignore (33)   Sun, 11 Nov 2012, 11:24pm PST   Like (2)   Dislike     Share   Quote   Comment 2

Obama's controllers on Wall Street are finalizing their instructions to reinflate the bubble now.

BobMSN   befriend (0)   ignore (0)   Sun, 11 Nov 2012, 11:46pm PST   Like   Dislike     Share   Quote   Comment 3

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.

FortWayne   befriend (12)   ignore (3)   Mon, 12 Nov 2012, 1:54am PST   Like   Dislike     Share   Quote   Comment 4

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...

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