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The New Housing Database That Could Invade Your Privacy

By mili   2012 Nov 28, 11:34pm   1,847 views   6 comments   watch (1)   quote      

http://www.thefiscaltimes.com/Articles/2012/11/28/The-New-Housing-Database-That-Could-Invade-Your-Privacy.aspx

A new public government mortgage database looks to better monitor the mortgage industry and prevent the next housing crash – but it needs consumers’ personal financial information to do so.

#housing

Comments 1-6 of 6     Last »

1   Patrick   1739/1739 = 100% civil   2012 Nov 29, 12:46am  ↑ like (1)   ↓ dislike   quote    

We could prevent the next housing crash just by limiting mortgages to amounts that could be paid back by renting out the house.

2   SkyPirate     2012 Nov 29, 2:07am  ↑ like   ↓ dislike   quote    

Agreed. When mortgages inflate far above rents, that's when we run into trouble.

3   Tenpoundbass   963/964 = 99% civil   2012 Nov 29, 2:35am  ↑ like (1)   ↓ dislike   quote    


We could prevent the next housing crash just by limiting mortgages to amounts that could be paid back by renting out the house.

Probably the only smart solution I've ever heard on the topic.

4   carducci22     2012 Nov 29, 9:38pm  ↑ like (1)   ↓ dislike   quote    

Simply brilliant! Good thinking, Patrick.

5   errc   432/439 = 98% civil   2012 Nov 30, 12:29am  ↑ like   ↓ dislike   quote    

Bb

We could prevent the next housing crash just by limiting mortgages to amounts that could be paid back by renting out the house.

But than how would the statist "capitalist" "investors" justify helping the poor (pay THEIR rent) and all the help he process is owed via subsidizing housing

Landlord infestors: its time to raise rents. I need to maximize my profits,,,,in same breath,,,,but the evil, stupid right wingers are exploiting the poor! We compassionate landlords need to help the poor afford housing. More section 8 cowbell, please!

6   Patrick   1739/1739 = 100% civil   2012 Nov 30, 1:16am  ↑ like   ↓ dislike   quote    

E-man says

We could prevent the next housing crash just by limiting mortgages to amounts that could be paid back by renting out the house.

By whose metric & whose calculator? :)

You don't need a calculator to see that if the rent can pay the cost of owning, then anyone who can't pay the mortgage from his salary can rent out the house to pay the mortgage that way instead. So there would not be any foreclosures. The worst that would happen is that an owner might be forced to rent out his house and live elsewhere for a while.

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