SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (72048)5/24/2009 7:34:02 PM
From: mph2 Recommendations  Respond to of 90947
 
Message 25667375

You might ask yourself why rental units going into foreclosure are an issue here?

The expressed intent of the CRA and other liberal Dem policies designed to buy votes was to help those who might not otherwise qualify for mortgages to obtain them. The concept was for them to be homeowners, not landlords.

In fact, anyone who has refinanced or purchased real estate over the past years knows that you have to state whether you will be living in the property. It has bearing on the rates charged.