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Real Estate
Reply to "Hike in payments for good-credit homebuyers to subsidize high-risk mortgages"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Putting people in houses they cannot afford is generally a bad idea. People who have bad credit typically have bad credit for a reason and should pay the entire premium reprinting their risk profile to the lender. [/quote] This is going to make the housing shortages just that much worse. This is a horrible idea on so many levels. And yes-responding to another poster, this seems like socialism to me 100%. [/quote] You know what’s socialism? The government being in the mortgage business at all. Feel free to pay market rates for a nonconforming if you don’t like the terms of the government subsidy. [/quote] This. People are really really ignorant about the mortgage market if they think a minoe pricing change is what pushes it into socialism. [/quote]
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