4
Jan
Goverment Pushing Home Market Fix at Any Cost?
Home Market
Most San Diego incomes have not increased by any meaningful amount for years. The amount of a mortgage loan a home buyer is qualified for is determined by their “documented” income. Home prices will have to decline to a level to match the buyer’s purchasing ability.
It is a curious fact that the continued government intervention in the market for the benefit of the FED, FNMA, FHLMC, Wall Street firms and banks seem to be setting up taxpayers for new housing problems down the road. Read more 