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1
RentingForHalfTheCost
2012 Apr 1, 2:35pm
RentingForHalfTheCost
2012 Apr 1, 2:35pm
Good luck with that. That would mean people could actually afford a home, which again would mean the collapse of the housing market as we know it.
2
bubblesitter
2012 Apr 1, 11:52pm
bubblesitter
2012 Apr 1, 11:52pm
That ain't gonna happen. These regulations can help the complete collapse of housing market. Govt.(Republicans or Democrats) won't let that happen cuz both are sold to the bankers. :)
Last year, many articles were written on the Qualified Residential Mortgage which was supposed to come into effect in April, 2012. These regulations included requiring 20% down payments to avoid punitive interest rates, 36/28 debt to income ratios, 700 FICO scores... I've been waiting to see updates on these new regulations. Does anyone know if these regulations are yet in effect, will soon be activated, or abandoned by the government? Any links?
#housing