Congress screws up the housing market

[Chris]

As if the housing market did not have enough problems, Congress has eliminated 100% FHA financing for first time home buyers. This will devastate the housing market under $200,000.

Builders Feel Pinch of Key Omission From the Housing Bill - WSJ.com

 

[KMAN]

As if the housing market did not have enough problems, Congress has eliminated 100% FHA financing for first time home buyers. This will devastate the housing market under $200,000.

Builders Feel Pinch of Key Omission From the Housing Bill - WSJ.com

The whole housing situation is a mess... It sure is nice of the government to take my money and give it to others. Oh well, I had better get used to it if Obama is elected.

 

[busara]

The whole housing situation is a mess... It sure is nice of the government to take my money and give it to others. Oh well, I had better get used to it if Obama is elected.

because bush and congress aren't doing it now???

 

[chapstic]

As if the housing market did not have enough problems, Congress has eliminated 100% FHA financing for first time home buyers. This will devastate the housing market under $200,000.

Builders Feel Pinch of Key Omission From the Housing Bill - WSJ.com

You cant blame congress for this issue. You can blame "equal opportunity lenders" for it. Just because you give a loan to someone doesn't mean they are going to pay it back. When they don't pay it back, us who pay our mortgages get to. aww how nice