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Metropolitan DC Local Politics
Reply to "There is no housing crisis in MoCo or most of the DMV for that matter "
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[quote=Anonymous]Setting aside whether the DMV area has or does not have a housing crisis, wr can agree that, at least nationally, there is and that in many markets, housing prices increased exponentially. Frankly, this problem would not have occurred if banks did not give mortgages to people who did not put at least 20% down. Due to the super low interest rates, people put very little down and bought places that they otherwise would not have been able to afford (took on a lot of leverage). If borrowers had to put at least 20% down, we would not have the problem of prices increasing at ridiculous rates. [/quote]
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