Manhattan Luxury Condos Try FHA Backing in Sales `Game Changer'

Discussion in 'Politics' started by KMAN, Aug 13, 2010.

  1. KMAN
    Offline

    KMAN Senior Member

    Joined:
    Jul 9, 2008
    Messages:
    2,683
    Thanks Received:
    268
    Trophy Points:
    48
    Ratings:
    +271
  2. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    64,863
    Thanks Received:
    13,178
    Trophy Points:
    2,180
    Location:
    Surfing the Oceans of Liquidity
    Ratings:
    +44,958
    Yes.

    I read this today. Its pretty stunning. The US government IS the mortgage market.
     
  3. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    93,342
    Thanks Received:
    17,050
    Trophy Points:
    2,220
    Location:
    NYC
    Ratings:
    +54,773
    As I've been saying for a while now, the Federal Government controls 100% (one hundred percent. ALL) of the US mortgage market.

    And Kman is correct. Someone need only put down 3.5% on the $3MM purchase and if they default, it's on us.

    Welcome to Obamaville, USA!
     
  4. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    64,863
    Thanks Received:
    13,178
    Trophy Points:
    2,180
    Location:
    Surfing the Oceans of Liquidity
    Ratings:
    +44,958
    It's not going to end well.
     

Share This Page