The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: MulhollandDrive who wrote (141944)	8/19/2008 6:24:12 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

Nice rant, especially this part: You want to fix housing? Drive prices down to no more than 3x incomes on average in a given area. Period. The quickest and easiest way to do that is to provide federal support for only 30 year fixed mortgages with 20% in cold, hard cash (no games) down and a maximum 36% DTI. Intentionally cut off ALL other mortgages from ANY SORT of Federal support, implicit or explicit. Poof. House prices come back to affordable levels because nobody will pay more and people can afford houses again with SUSTAINABLE and AFFORDABLE mortgages.

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