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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ajtj99 who wrote (186029)2/23/2009 4:37:37 PM
From: Lizzie TudorRead Replies (1) of 306849
 
your point is valid, and I am sure that is what the Obama admin is thinking, except that we are in the middle of a bleeping CRISIS which seems to be lost on them, and people today who we are trying to keep from walking, do not adhere to those ratios.

I also take issue with them for other reasons. 30% across the board is just too pedantic. Doesn't apply to any high earners etc. But thats fine, apply that ratio for govt backed things. But to use it in an Obama housing RECOVERY PLAN is just lame.
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