HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » President Obama’s Weekly ... » Reply #2

Reply #2


Response to midnight (Reply #1)

Sat Sep 29, 2012, 10:21 AM

2. All he needs are very liberal requirements on loan to value for Freddie and Fannie I imagine.

 

But if borrowers are commissioned they are still screwed.

He is doing this all backwards anyway. What the housing market needs is a good economy and people who believe its a good economy. When average rents are $200 more than average mortgages, it's not logical that people aren't buying. That leaves the fear factor.

This economy isn't moving because people don't want to risk buying a house or investing. Cash levels in the economy are ridiculously high and lack of velocity is smothering the recovery.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Please login to view edit histories.