patrick.net

Thanks to Big O and his meddling Treasury Dept and Fed stopping virtually all foreclosures now it's much harder to find a home at reasonable prices and hundreds of thousands of contracts to buy foreclosed homes have been put on hold (damaging peoples' ability to move, take jobs, buy appliances, etc. with near 1 in 3 sales a foreclosure) ... and as an additional impact lenders see that the government can capriciously change mortgage contracts and they now will not lend money on mortgages short of 30-40% down payment.

So Big O and his boys, Barney and Chris, have put the final nail in the coffin of homeownership.

Thanks guys... we needed that.

#housing