Reply to How the US is subsidizing high-risk homebuyers

Forum Index » Political Discussion

Reply to "How the US is subsidizing high-risk homebuyers"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=jsteele][quote=Anonymous]I have been searching for more information on this plan.  What I did find is that this is for people who purchase or refinance after May 1.  
Regardless of whether those with a high credit score and 15% or 20% down payment have an advantage already, they are [b]still getting punished for having good credit and saving for a down payment.[/b]  
[/quote]

They are not getting punished. Buyers with high credit scores and large down payments have an advantage now. They will continue to have an advantage after May 1. The advantage is not as big, but it is still significant. [/quote]

Using the word "advantage" in this discussion is misleading and a bit dishonest, especially in the manor you are using it to avoid criticism of this new direction. People with high credit scores and bigger down payments aren't in any sort of competition with anyone, so using the word "advantage" is just misleading. People are absolutely being punished. There is no competition. That would be like saying that if you earn over $100k now you will be taxed an additional 10% and that will be given to folks who make less than $50k, but to not worry because you haven't been hurt since you still make more than them. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics