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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: damainman who wrote (81008)7/11/2007 1:53:40 PM
From: TradeliteRead Replies (2) of 306849
 
One thing you must always keep in mind if you want to understand the housing and lending market in the U.S. is that your government WANTS people to own homes. Discouraging home ownership has never been the government's strong suit--at least not since the Roosevelt era. Mr. Bernanke probably has this in the back of his mind every time he thinks about a change in interest rates.

I saw some figure just a week or two ago about the millions my county is spending to build homes and create ownership opportunities for people who can't afford to get them the old-fashioned way, by paying for them.

I used to point out on this thread the government's policy on home ownership, but probably no one really believes it. I believe it.

When have you ever seen a government official at any level do anything to discourage or inhibit home ownership? Can you imagine a political candidate saying anything against it? Wall Street probably kinda knows this.
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