Homes will always be unaffordable to the average person in high priced CA as long as government subsidize home owners in the form of mortgate tax deductions, and Fannie Mae bailouts. Remove the interest tax deduction and watch the prices correct 50%. This place a bottom on home prices and increase home ownership than further government meddling. The issue is affordability, not unemployment. Prices are still too high due to government tax policies and bad lending practices.
Buying a home is a long term deal. I bought 10 years ago, value has doubled (a couple of years ago I could say tripled), and in 5 years house will be paid off. No more mortgage! Try that with a rental! Yeah… commute sucks. SF/Oakland Bay Area Lawyer
Home Mortgage Rates Take Huge Jump…
Video interview on mortgage rate rise….
Trackback by www.buzzflash.net — July 28, 2008 @ 4:15 pm
Homes will always be unaffordable to the average person in high priced CA as long as government subsidize home owners in the form of mortgate tax deductions, and Fannie Mae bailouts. Remove the interest tax deduction and watch the prices correct 50%. This place a bottom on home prices and increase home ownership than further government meddling. The issue is affordability, not unemployment. Prices are still too high due to government tax policies and bad lending practices.
Comment by Houston Lawyers — August 1, 2008 @ 4:57 pm
I think that in the long run, everything will probably be okay. The government will save us. Dentist in San Diego
Comment by San Diego family dentist — August 1, 2008 @ 4:58 pm
Buying a home is a long term deal. I bought 10 years ago, value has doubled (a couple of years ago I could say tripled), and in 5 years house will be paid off. No more mortgage! Try that with a rental! Yeah… commute sucks. SF/Oakland Bay Area Lawyer
Comment by Oakland attorneys — August 1, 2008 @ 4:59 pm
Ca Mortgage Rates…
Nice. thanks for sharing!…
San Diego California real estate listings
Trackback by Ca Mortgage Rates — February 23, 2009 @ 12:56 pm