It would put the mortgage industry out of business. It would raise prices because people would get 3% mortgages on homes that are not worth the price they bid up…
It would hurt the mortgage industry but it wouldn't end it because the proposal is for first time home buyers only. But I agree, as I stated in the video, it will artificially inflate home prices a lot.
Look at what happened to college tuition. The government should not get involved. It will only make the cost of real state astronomical. The tax payer will be left holding the bag when all crumbles
Inventory scarcity will not change what people can actually afford, and I don't see how the current trajectory is sustainable. It's simply not a good value proposition.
It would put the mortgage industry out of business. It would raise prices because people would get 3% mortgages on homes that are not worth the price they bid up…
It would hurt the mortgage industry but it wouldn't end it because the proposal is for first time home buyers only. But I agree, as I stated in the video, it will artificially inflate home prices a lot.
Look at what happened to college tuition. The government should not get involved. It will only make the cost of real state astronomical. The tax payer will be left holding the bag when all crumbles
You need a bank to balance the risk vs home liquidation value
Inventory scarcity will not change what people can actually afford, and I don't see how the current trajectory is sustainable. It's simply not a good value proposition.