Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (364590)	12/28/2007 5:14:37 PM
From: tejek	Read Replies (1) of 1578097

The United States housing market is riddled with subsidies and regulations, including among many others, insurance by the Federal Housing authority of mortgages to first time and low income homeowners, tax deductibility of interest payments on mortgages –to families that itemize their deductions- and the quasi-governmental Fannie Mae and Fannie Mac Corporations that channel billions of dollars to the mortgage market. The Dep't of Housing and Urban Development may be "riddled with subsidies" but the general housing market is not. In fact, the percentage of people taking advantage of FHA's insurance is very small......and FHA insurance is about the only tool HUD has to affect the single family, owned housing market. Currently FHA insures about 4 million housing loans. Total owned unit housing in the US is over 74 million units. That means FHA insures 5% of the housing units........hardly a major player in the US housing market. hud.gov census.gov I am skeptical of additional government interventions into a housing market that already has too much> In fact, the gov't has very little intervention in the housing market. That's in part how the subprime problem got so out of control.

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