Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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From: jttmab	10/5/2004 1:25:28 PM
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Bush Promise on Nothing-Down Mortgages Could Cost Taxpayers $500 Million Source: The Boston Globe Publication date: 2004-10-05 Oct. 5--President Bush's weekend campaign promise that he will push legislation allowing for no money down on some federally insured mortgages could cost taxpayers as much as $500 million over four years because of a higher rate of defaults, according to the Congressional Budget Office. The election-year idea may appeal to those who can't save as fast as home prices are rising. But some financial planners warn that increasingly common no- and low-down-payment programs can be ruinous for some consumers -- especially if home values decline. ... builderonline.com Oh hell, just put it on the national debt credit card. Make someone else's problem. jttmab

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