Taxpayers Supporting Foolish Homeowners
San Diego housing
No rational private firm would bankroll the current mortgage market. Government propping merely means using coercion to extract money from renters and other taxpayers to support foolish homeowners who bought during bubble times and craven banks who didn’t man up, admit their insolvency, and close their doors.
Push down the price of housing and more Americans will actually qualify for a home-loan without blind support from the government. Home-purchasing is not a right in America. If you can’t afford to buy a house, rent!
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