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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (25235)	11/19/2004 4:32:47 AM
From: Amy J	Read Replies (2) \| Respond to of 306849

Grace, the govt wants to make real estate even more costly by providing, "zero down-payment loans for first-time buyers whose mortgages are guaranteed by the Federal Housing Administration." Strap the poor even more. story.news.yahoo.com Only this part appears to be helpful: "Bush wants a new tax credit for builders that he thinks could increase affordable housing for middle-income families by at least 40,000 units a year. " The following is also worthwhile, if it doesn't mean screwing the environment: "The president also wants to reduce local and state regulations that discourage developers from putting up affordable housing." If Bush really wanted to help the poor & middle-class, wouldn't he reduce the deficit in order to keep interest rates in check? Record-low interest rates and easy-Al are the main reasons for home ownership growth. Regards, Amy J